Skechers USA Inc. reported second-quarter earnings jumped 66.0 percent, easily ahead of Wall Street's targets, as revenues gained 13.7 percent on a currency-neutral basis. The revenue gains were driven by increases of 19.8 percent in the company’s international business and 1.5 percent in its domestic business. (Read More)
Puma is close to an agreement on a club-record, ten-year deal worth more than €300 million (US$336 million), according to SportBild. (Read More)
And1’s national Paint the Park initiative, hosted by the footwear and apparel brand’s newest ambassador NBA Star Montrezl Harrell and fueled by Walmart has restored a popular community park in the Central City section of New Orleans. (Read More)
Fleet Feet has signed on as the official retail and sporting goods partner of SoleMates, a Girls on the Run (GOTR) program that empowers adults to achieve fitness and running-related goals while raising money, support, and awareness for Girls on the Run. (Read More)
HanesBrands, the parent of Hanes and Champion, has earned the CSR Footprint social impact award for supporting at-risk youth in El Salvador. (Read More)
Varsity Brands, the parent of BSN Sports, Varsity Spirit and Herff Jones, announced that it has accelerated its investment in a digital, technology-enabled future with the addition of Jaime Jaramillo as the company's first chief technology officer. (Read More)
Legends announced the acquisition of MainGate LLC, the event retail and merchandise company. The MainGate team will become an integral part of the Legends hospitality division that manages other major sports brand retail and merchandise programs and e-commerce platforms. (Read More)
Nike has settled a racial discrimination lawsuit initially filed in 2017 by a 15-year company veteran just before the case was heading for trial. Terms of the settlement were not disclosed. A Nike spokesman told Portland Business Journal that lawsuit was resolved to both parties' satisfaction." (Read More)
Thule reported earnings rose 8.9 percent in the second quarter on a 7.3 percent revenue gain. Magnus Welander, CEO and president, said in a statement, "After a strong April and stable May, growth in the month of June was a disappointment in the US as store owners became more cautious as a result of the additional 15 percent tariff on Chinese goods announced in May." (Read More)
Nike’s “Dream Crazy” commercial, supporting Nike's 30th-anniversary “Just Do It” campaign and controversially narrated by Colin Kaepernick, has been nominated for an Emmy award for Outstanding Commercial. (Read More)
