Michael Avenatti, the celebrity lawyer, was convicted of all three charges related to his efforts to extort up to $25 million from Nike. Nike issued a statement after the guilty verdict: "The verdict speaks volumes. We thank the jurors for their time and service which is the bedrock of the American judicial system." (Read More)
Adam Sussman, former chief digital officer at Nike, was appointed president of Epic Games, which makes numerous video games, including the popular Fortnite game. (Read More)
Cole Haan Inc. announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock. (Read More)
Caleres inc. reported consolidated net sales are expected to reach approximately $700 million in the fourth quarter, down 3 percent. Famous Footwear net sales are expected to be approximately $370 million, with same-store sales up 5.1 percent (Read More)
Asics Corp.’s sales in the North American region in the fourth quarter slid 5.5 percent to ¥18.8 billion ($171 mm) from ¥19.9 billion a year ago. The operating loss in the region was reduced to ¥2.12 billion ($19 mm) from ¥2.95 billion. (Read More)
Moody's Investors Service downgraded Under Armour Inc.'s senior unsecured rating to Ba1 from Baa3. The rating was also placed under review for further downgrade. The downgrade reflects the brand's ongoing challenges reinvigorating growth in its core North American market and its potential 2020 restructuring plan. (Read More)
Puma signed a multi-year footwear and apparel deal with Grammy-winning artist J. Cole. (Read More)
Designer Brands Inc. plans to partner with Jennifer Lopez to produce a line of footwear and handbags under the JLO Jennifer Lopez name. The collection will be sold exclusively at DSW Designer Shoe Warehouse stores in the United States and Canada, and online at DSW.com. (Read More)
Canadian Tire Corp. reported sales of its SportChek segment were up 1.3 percent in the fourth quarter with comparable sales gaining 2.0 percent. (Read More)
Modell's Sporting Goods has re-hired Berkeley Research Group "for a full-fledged balance sheet restructuring" and Cole Schotz for legal advice with plans "for a potential in-court restructuring," according to a report from Debtwire. (Read More)
