With quarterly results soon arriving from both firms, two reports from Stifel and Cowen arrived finding Nike’s growth accelerating largely at the expense of Adidas.
Category: Footwear
Adidas To Pay Equal Bonuses For Women’s Soccer World Cup Winners
Adidas said it plans to give the same bonus to any of its sponsored players on the Women’s World Cup-winning soccer team as their male counterparts. The announcement follows news that the U.S. women’s national soccer team is suing their federation with allegations of gender discrimination, where all 28 members of the squad were named as plaintiffs in federal court.
Bass Pro Shuttering Facilities In Sidney, Oshkosh In Nebraska
Bass Pro Shops announced it will be closing a distribution center in Sidney, NE, the former hometown of Cabela’s, as well as a merchandise return center in Oshkosh, NE. A total of 162 jobs will be affected.
Preliminary Results See Amer Sports’ Shareholders Favoring Anta Sports Merger
Amer Sports Corp. in a statement that its shareholders had provided overwhelming support for its merger with a consortium led by China’s Anta Sports.
Dick’s Sporting Goods Funds Girls Sports Matter Projects
In honor of International Women’s Day, The Dick’s Sporting Goods Foundation announced it would fully-fund all girls Sports Matter projects currently on DonorsChoose.org.
Nike Extends Contract With BYU
Nike reached an agreement on a new seven-year contract Brigham Young University (BYU). BYU was one of the first universities in the country to join the Nike family by wearing its footwear back in the late 1970s.
Stage Stores Posts Q4 Loss, Commits To Off-Price Shift
Stage Stores Inc. reported a loss of $7.8 million in the fourth quarter as same-store sales slid 2.9 percent. The department store operator also said it is committed to shifting its focus to expanding the Gordmans off-price concept.
Mike Ashley May Drop Sports Direct Roles To Run Debenhams
Sports Direct International PLC said it has requisitioned a general meeting of Debenhams PLC to remove most of the department store chain’s directors and install Sports Direct’s founder and CEO, Mike Ashley, to lead the company. If appointed, Ashley will step down from his current roles as a director and CEO of Sports Direct.
Patagonia, L.L. Bean Near Top Of Reputation Rankings
Patagonia ranked third and L.L. Bean fourth in this year’s Axios Harris Top-100 Poll’s survey ranking the public’s perception of the 100 most visible U.S. companies. Nike, Adidas, Under Armour and Dick’s Sporting Goods also landed on the list.
The Buckle Sees February Comps Decline
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended March 2, 2019 decreased 6.8 percent.
Fleet Feet Pittsburgh Signs On As Title Partner Of The Liberty Mile
Pittsburgh Three Rivers Marathon, Inc. (P3R) announced that Fleet Feet Pittsburgh is the new title partner of the Liberty Mile, Pittsburgh’s only nighttime downtown road race.
National Park Service Visitation Tops 318 Million In 2018
Visitation to America’s national parks in 2018 exceeded 300 million recreation visits for the fourth consecutive year. The 318.2 million recreation visits total is the third highest since record keeping began in 1904.
Nike To Sign Female Soccer Star From Australia
Nike is set to sign Sam Kerr, the standout Australian female soccer player, to an endorsement contract of more than AUS$1 million a year. The 25-year-old will become the primary athlete Nike uses in their marketing in Australia, according to the Sydney Morning Herald.
Southern Wesleyan Announces Partners With Adidas And Vision Sporting Goods
Southern Wesleyan University, based in Central, SC, said Adidas would become the official outfitter of the Warriors beginning with the 2019-20 academic year. Vision Sporting Goods will design and service the athletic department exclusively.
Puma Golf Expands Relationship With Arnold Palmer
Puma Golf and Arnold Palmer Enterprises announced a multi-year partnership to design, develop and distribute co-branded apparel, footwear and accessories, that will honor the legendary golfer’s legacy for years to come.
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