New data released by Tariffs Hurt the Heartland shows American businesses and consumers paid $6 billion in tariffs in June 2019, one of the highest tariffed months in U.S. history and up 2.5 billion (74 percent) from the same month last year. (Read More)
Foot Locker announced the grand opening of its Washington Heights community-based Power Store. The store features a full suite of immersive capabilities for consumers to experience, including an activation space on the second floor. The 9,000 square foot store is also the first among Foot Locker stores to showcase Nike App at Retail digital technology. (Read More)
The Running Event (TRE), the trade show in the running specialty industry that is produced by Diversified Communications, announced the appointment of corporate marketing and strategic development veteran Anne Gray as event director of TRE. (Read More)
Fleet Feet announced the planned opening of a new store in Peachtree City, GA later this year. (Read More)
Sears, which emerged from bankruptcy earlier this year, announced plans to close five Kmart and 21 Sears stores. (Read More)
In conjunction with The Dick's Sporting Goods Foundation, The Lindsey Vonn Foundation (LVF) has established The Dick's Foundation Sports Matter Scholarship for underprivileged youth athletes across the country. (Read More)
Adidas AG reported earnings rose 10 percent in the second quarter as sales expanded 4 percent on a currency-neutral basis. Currency-neutral sales increased 12 percent in Emerging Markets and 8 percent in Asia-Pacific, led by 14 percent growth in China. Revenues in North America increased 6 percent Adidas' outlook was confirmed for the year. (Read More)
Descente Ltd. reported a sharp decline in profits in the first quarter ended June 30 as sales dipped 4.2 percent. (Read More)
BSN Sports, a division of Varsity Brands, announced that Mike Procopio, director of player development for the Dallas Mavericks and renowned coach in the professional basketball community – has joined the company as a brand ambassador for the Basketball division. (Read More)
Equinox Group announced the development of a multi-brand digital platform offering premium fitness content from leading brands, including Equinox, SoulCycle, Precision Run and more, with personalized programming from top instructors. The initiative is being led by Jason LaRose, former president, North America at Under Armour. (Read More)
