Will the arrest of Jim Gatto, the director of global sports marketing at Adidas, in the college basketball bribery scheme soon lead to charges against other sports industry execs and an overhaul of sports sponsorships?
Category: Footwear
Nike’s U.S. Challenges Continue
Andrew Campion, Nike’s CFO and EVP, said on a conference call with analysts, “Given all of these dynamics, just one quarter into the year, it’s unclear, and I wouldn’t say precisely where North America will land for the full fiscal year.”
Khombu Names Breezy Johnson As Brand Ambassador
The first female U.S. ski team member to partner with Khombu, Johnson will serve as the brand ambassador for the Fall/Winter 2017-2018 season
Supra And KR3W Names President
K-Swiss Global Brands (KSGB), a division of the privately held Korean company E-Land Group and owner of the K-Swiss, Palladium, PLDM, OTZ Shoes, Supra and KR3W brands, appointed Steve Harden as president of Supra Footwear and KR3W Denim Co.
Kohl’s Announces CEO Succession Plan
Kohl’s announced Kevin Mansell, Kohl’s chairman, chief executive officer and president will retire in May 2018. Michelle Gass will assume the CEO role at that time. Sona Chawla, Kohl’s chief operating officer, will assume the role of president.
Nike’s Q1 Profits Slide
Nike reported earnings slumped 23.9 percent in the first quarter ended August 31 due to flat sales, eroding gross margins and expenses to cover workforce reductions as part of its Consumer Direct Offense. Earnings still came in 9 cents ahead of Wall Street’s consensus target.
Adidas Sports Marketing Head Arrested On Bribery Charges
Jim Gatto, the director of global sports marketing at Adidas, was arrested by the FBI as part of a bribery scheme. Gatto was charged with paying elite high school basketball players and their families up to six-figure sums to go to Adidas-affiliated colleges with promises to later sign with Adidas if they turned pro.
ISPO Munich 2017 Draws Record Attendance
More than 86,000 visitors and 2,732 exhibitors attended ISPO Munich 2017, which took place from February 2 to 5.
LiFT23 And Paragon Sports Donate Socks NYC Homeless Shelters
LIFT23 Corp., the ski/snow socks company, in conjunction with Paragon Sports announced a donation of an additional 500 pairs of socks to children in NYC homeless shelters in time for the new school year.
Fabletics Supports Breast Cancer Awareness
“Doing Good is Always in Fashion” is the message behind the 2017 Fashion Targets Breast Cancer Campaign from the Council of Fashion Designers of America (CFDA) in partnership with Fabletics, the active-lifestyle brand co-founded by Kate Hudson in 2013.
L.L. Bean Releases Ad That Can Only Be Read Outdoors
L.L.Bean ran a full-page newspaper ad in the New York Times that can only read outdoors.
Deloitte Expects Holiday Sales To Increase 4 To 4.5 Percent
Retail holiday sales should rise a healthy 4 to 4.5 percent over last year’s shopping season, according to Deloitte’s annual retail holiday sales forecast.
Tough Mudder To Deliver Live Event On Facebook’s Watch Platform
Tough Mudder Inc. has partnered with Facebook to deliver original, live event sports and fitness programming on Watch, Facebook’s new platform for shows.
Nike Recasts Segment Financials In Connection With Consumer Direct Offense
Nike furnished changes to its financial disclosures in connection with its new reportable operating segments as part of its Consumer Direct Offense. The company also indicated that it will stop reporting Future Orders beginning in its first quarter.
Nike Sides With NFL Players In Protest Dispute
Nike came out in support of the players’ right to protest in the public showdown between President Trump and players who refuse to stand during “The Star-Spangled Banner.” Nike became the first NFL sponsor to take a side in the controversy.
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