Nike’s grassroots basketball division, the Elite Youth Basketball League (EYBL), has been served with a subpoena as part of the federal investigation into alleged corruption in college basketball, according to numerous media reports.
Category: Sports/Fitness
Asics Partners With Virgin Sport Festival
Asics signed on as the official athletic performance partner of the first-ever Virgin Sport Festival of Fitness in San Francisco.
HanesBrands Donates Activewear To Assist Hurricane Victims
HanesBrands announced that it is donating more than 1 million items of underwear and activewear to assist hurricane victims in Florida and Puerto Rico and is using its operations in Puerto Rico and the Dominican Republic to supply essentials to Puerto Rico employees.
TaylorMade Partners With Samsung
TaylorMade Golf Company and Samsung Electronics announced that TaylorMade’s myRoundPro statistical analysis platform will be available exclusively for the Gear S3 and recently announced Gear Fit2 Pro fitness band.
Pop Warner Partners With Dick’s Sporting Goods
Under the new partnership, Dick’s becomes the Official Sporting Goods Retailer, Official Football Uniform Provider, Official League Registration Provider, Official National Data Center Provider and Official Technology Provider of Pop Warner and its teams, squads and participants.
Silk Therapeutics Closes Equity Financing
Silk Therapeutics, Inc., a specialty biomaterials company, announced the closing of an $11 million Series A3 financing.
VERT Adds More Volleyball Programs
VERT, a specialist in performance technology, announced eight more premier NCAA women’s volleyball clients – Georgia Tech Yellow Jackets, Northwestern University Wildcats, Purdue University Boilermakers, Baylor University, University of Arkansas, Quinnipiac University, Fordham University Rams and Limestone College Saints.
RECALL: Dick’s Resistance Tubes
Dick’s Sporting Goods is recalling more than 200,000 Fitness Gear resistance bands products due to risk of injury.
Will Sports Marketing Change Post-Bribery Scandal?
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?
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.”
Fitbit Selected to Participate in FDA’s New Digital Health Software Precertification Pilot Program
Fitbit announced that it has been selected as one of nine companies that will participate in the U.S. Food and Drug Administration’s (FDA) new digital health software precertification pilot program.
Callaway Golf Extends Partnership With Phil Mickelson
The signing means the five-time major champion will play Callaway equipment for the remainder of his competitive playing career.
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.
Mission Gets Its Own Heat Lab
In an interview with SGB, Josh Shaw, founder and CEO of Mission, said that beyond apparel, the lab will provide research into beverages, wearables and other areas. Said Shaw, “It’s going to be used to really further all elements related to heat safety.”
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