Kathmandu Holdings Ltd. reported sales rose 15.1 percent in the fiscal year ended July 31. Strong performances were seen from Rip Curl and Oboz, driven by participation growth in surfing and hiking. The Kathmandu chain was impacted by COVID-related travel restrictions. (Read More)
The Women's National Basketball Association (WNBA) announced that Dick's Sporting Goods has been named an Official Marketing Partner of the league beginning in 2021. Through this new multiyear agreement, Dick's Sporting Goods will become the Official Sporting Goods Retail Partner of the WNBA. (Read More)
Under Armour Inc. has filed a countersuit three weeks after a Los Angeles Superior Court judge refused to dismiss UCLA’s $200 million lawsuit against Under Armour. (Read More)
Nike again earned the top spot in SportsPro’s second annual list of the World’s 50 Most Marketable (50MM) Brands powered by Hookit. Adidas came second in the standings. Emirates, Santander and Red Bull rounded out the top five. (Read More)
Amer Sports announced that Mike Adams is retiring after 45 years in the snowsports industry and more than 25 years with Amer Sports. (Read More)
Kim Lupo, formerly Nike’s VP, global total rewards, operations & people analytics, has joined Walmart as senior vice president of total global rewards. (Read More)
Whatnot, the live stream shopping platform and marketplace, announced it has raised $150 million in Series C funding from returning investors Andreessen Horowitz, YC Continuity and new investor CapitalG. (Read More)
Foot Locker Inc. announced that it has completed its acquisition of Eurostar, Inc., the parent of the WSS chain, for $750 million in cash. (Read More)
The Swiss footwear brand On signed on as the Official Footwear Sponsor for the Laver Cup tennis event. (Read More)
Holiday retail sales are likely to increase between 7 percent and 9 percent in 2021, according to Deloitte’s annual holiday retail forecast. Deloitte also forecasts that e-commerce sales will grow by 11 percent to 15 percent, year-over-year. (Read More)
