Said K-Swiss president Barney Waters, “As our footwear business is experiencing strong growth, it’s a good time to add brand extensions.”
Category: Sports/Fitness
B Riley Raises Price Target On Finish Line
“We believe management sounded more positive on the outlook for more innovation and product newness for the end of 2017/beginning of 2018, though new product will likely still have a smaller impact due to penetration until F2H19,” wrote analyst Susan Anderson in a note.
Compass Points Downgrades Callaway Golf To Sell
Compass Point lowered its rating on Callaway Golf from “Neutral” to “Sell” due to a lower valuation put on TopGolf, an investment for Callaway’s, than expected.
Under Armour Sued For Use Of “I Can”
Under Armour is facing a trademark infringement for using the words “I Can” as part of slogans on t-shirts by the alleged owner of the “Ican” trademark.
Callaway Golf Further Invests In Topgolf
In a regulatory filing, Callaway Golf Company said that it had invested an additional $20.0 million into Topgolf International, Inc., doing business as Topgolf Entertainment Group.
Amer Sports To Take Write-Down Due To U.S. Tax Reform
Amer Sports said that because it has deferred tax assets of approximately $40 million in the U.S., the value of the company`s net deferred tax assets is expected to be reduced by approximately $13 million due to the federal tax rate change.
IHRSA Announces Board Of Directors Nominees
IHRSA (The International Health, Racquet & Sportsclub Association) announced three nominees for the IHRSA board of directors.
Anta Unveils China Winter Olympic Uniforms
Anta Sports Products Limited announced that the launch ceremony of the PyeongChang 2018 award ceremony outfit for the Chinese Sports Delegation took place at the General Administration of Sport of China in Beijing.
Wall Street Reacts: Nike Q2
While some were dismayed that the North American marketplace recovery wasn’t more apparent, Wall Street was generally pleased with Nike’s better-than-expected second-quarter results.
Alphabroder Acquires Prime Line
Alphabroder, a leading North American distributor of imprintable sportswear and accessories and portfolio company of Littlejohn & Co., LLC, closed its acquisition of Prime Line, a leading manufacturer and supplier of promotional products for more than three decades.
WSJ Article Explores Under Armour CEO’s Outside Interests
A front page article in the Wall Street Journal on Tuesday explored investors’ concerns over Kevin Plank’s dual role as CEO and chairman of Under Armour and as head of his investment firm, Plank Industries.
Mastercard SpendingPulse: Retail Sales Grew 4.9 Percent This Holiday Season
Mastercard SpendingPulse reported that holiday sales increased 4.9 percent this year, setting a new record for dollars spent. The gain marked the largest year-over-year increase since 2011. Online shopping also saw large gains of 18.1 percent compared to 2016, boosted by a late season rally.
Amazon Boasts Of Strong Holiday Selling
Amazon indicated it saw significant gains in sales of Alexa-enabled devices as well as growth in Prime membership over the holiday season. Top sellers among active products include the Asics men’s GEL Venture 5 Running Shoe, Fitbit Charge 2, Titleist Pro V1 Golf Balls, Wilson NFL MVP Junior Football and Spalding NBA Street Basketball.
Nike Skips Christmas Day NBA Jerseys
Nike incurred the wrath of social media for not coming out with special uniforms on Christmas Day for the first time in five seasons.
Ex-Adidas Officials Seek Dismissals In College Bribery Case
Two former Adidas execs, James Gatto and Merl Code, and a former AAU coach, Christian Dawkins, have filed a motion to have charges against them related to the college basketball corruption dismissed, ESPN.com reports.
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