Nike Inc. reported sales were down 1 percent in the first quarter ended August 31 but topped Wall Street’s targets as digital growth grew 82 percent. Earnings were up 10 percent and far ahead of analyst estimates.
Category: Footwear
CODI To Acquire BOA Technology
Compass Diversified (CODI) entered into a definitive agreement to acquire BOA Technology Inc. (BOA), manufacturer of the Boa Fit System for $454 million. The purchase price excludes working capital and certain other adjustments upon closing.
Asics Supports Tennis Coaching Community With Virtual Academy
Asics EMEA announced the launch of the Asics Tennis Academy, a virtual community platform that gives tennis coaches access to advice and training from industry experts.
Footwear Sales Drop In August, Reports NPD
Total footwear U.S. sales for August declined 18 percent year-over-year. The decline was attributed to the end of stimulus checks, virus spikes in parts of the country and delayed back-to-school selling.
Dick’s SG Appoints Two Board Members
Dick’s Sporting Goods Inc. announced it has appointed Sandeep Mathrani, the chief executive officer of WeWork, and Desiree Ralls-Morrison, the senior vice president, general counsel and corporate secretary at Boston Scientific Corporation, to the company’s board of directors.
New Balance Wins Trademark Fight Over ‘New Bunren’ Shoes
New Balance Athletics Inc. won $504,000 in statutory damages from Chinese shoe seller, USA New Bunren International Co.’s, willful trademark infringement according to a ruling in Delaware federal court.
Modell’s Submits Liquidation Plan
Modell’s Sporting Goods Inc. filed its Chapter 11 liquidation plan that calls for unsecured creditors to recover less than one percent of their claims.
Report: Nike’s Track & Field Chief Steps Down
John Capriotti, director of athletics at Nike, is stepping down after guiding the brand’s track and field sports marketing group since 1992. He will continue to work with Nike as a consultant, according to The Oregonian.
Stadium Goods Announces Chicago Store Opening Dates
Stadium Goods, the sneaker and streetwear marketplace, announced plans to open a store in Chicago, its second city after opening its first store in New York City in 2015.
Dunlop Adds Two Tennis Industry Veterans To Sales Team
Dunlop announced the addition of tennis industry veterans Macy Evert Erickson and Anibal Braga to its sales team. Erickson assumes the Territory Manager role for Northern California, while Braga will act as Territory Manager for the Southeast (SC, NC, GA, MS, AL, TN).
Nike Develops Coaching Girls Guide
Nike has partnered with We Coach, an organization that embraces recruitment, advancement and retention of women coaches in sports, on a new Made to Play Coaching Girls Guide to “help make sport fun for girls.”
Robert Gore, Inventor of Gore-Tex, Passes Away
Robert W. “Bob” Gore, chairman emeritus of the board of directors of W. L. Gore & Associates and the inventor of Gore-Tex outerwear, passed away on September 17 at the age of 83.
TJX Appoints Board Member
The TJX Companies Inc. announced that on September 16, 2020, its Board of Directors elected José B. Alvarez to the Board, effective immediately.
Deloitte Predicts Modest Holiday Gains
Holiday retail sales are likely to increase between 1 percent and 1.5 percent, according to Deloitte’s annual holiday retail forecast. Deloitte also forecasts that e-commerce sales will grow by 25 percent to 35 percent, year-over-year, during the 2020-2021 holiday season, compared to sales increasing by 14.7 percent in 2019.
Puma Golf Extends Contract With Gary Woodland
Puma Golf announced a multi-year extension of its relationship with PGA Tour professional and 2019 U.S. Open winner, Gary Woodland.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal