Nike is close to extending its kit supplier partnership with Paris Saint-Germain (PSG).
Category: Footwear
JD Sports Sees Sales Vault 49.2 Percent In 2018
JD Sports Fashion Plc, the U.K.-based athletic footwear giant that acquired Finish Line last year, reported profits before taxes rose 15.5 percent in its year ended February 1 on a 49.2 parent revenue gain.
Academy’s Struggles Continued In 2018
In an update, Moody’s Investors Service confirmed the debt ratings and outlook of Academy, Ltd., the parent of Academy Sports & Outdoors, while also indicating that the retailer’s financial performance continues to erode. The report noted that Academy’s comps declined in the mid-single-digit range and EBITDA declined 12 percent in 2018.
Foot Locker Opens In Singapore Airport
Foot Locker Inc. opened its fourth door in Singapore. Located in Jewel Changi Airport, the two-story space has a dedicated women’s and kids’ area.
Fanatics Partners With Washington Redskins
The Washington Redskins and Fanatics announced a 10-year, omnichannel partnership, allowing the company to lead all online and retail store operations for the team.
Puma To Become Official Partner Of LaLiga
Puma has entered into a long-term agreement to replace Nike as the Official Technical Partner of the Spanish football league, LaLiga. Starting from the 2019/20 season, Puma will produce the official match ball for all games.
Zappos To Open Fulfillment Center In Louisville
Zappos is opening a 325,000-square-foot fulfillment center and retail outlet at 9101 Minor Lane in Louisville, KY. which will grow the company by more than 100 new employees over the next two years.
Asics Launches Program To Support Startups
Asics announces the launch of Asics Accelerator Program, a business partnership acceleration program, for startups. The program seeks ideas from startups for products, services, and contents that would contribute to business opportunities in 2020.
Acushnet Appoints Keun Chang Yoon To Board
Acushnet Holdings Corp., the parent of Titleist and FootJoy, announced that elected Keun Chang (Kevin) Yoon to serve out the remainder of the late Jon Epstein’s term on the company’s board.
Study Sees Strong Link Between Awards And Labels To Sporting Goods Purchases
A new survey of active consumers across Europe from ISPO finds 75 percent indicating they pay special attention to awards and technical labels such as Gore-Tex, Vibram or bluesign when buying new sporting goods.
Running USA: Traditional Distance Race Participation Sees Some Recovery
The number of runners registering for organized races in the U.S. was down slightly in 2018, continuing a five-year gradual drawback, according to Running USA’s annual U.S. Running Trends report. On the positive side, traditional distances – including the 5K, 10K, and half marathon – all increased year on year, while non-traditional distances and events drove the decline.
Salomon Expands U.S. Footwear Team With Outdoor Commercial Manager Hire
Salomon announced the appointment of George Egan to the new role of U.S. outdoor commercial manager for footwear.
OBIT: FLW Founder Irwin Jacobs
Irwin Jacobs, the founder and CEO of FLW (Fishing League Worldwide) has passed away.
Nike Close To Signing Record Deal With Liverpool
Nike is expected to replace New Balance as the kit supplier of the famed English Premier League soccer club, Liverpool.
Ross Stores Announces Departure Of President And COO
Ross Stores Inc. announced that Michael O’Sullivan, the company’s president and chief operating officer since 2009, has resigned from the company and its Board of Directors effective immediately to accept a position with another company.
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