Nike filed paperwork with the U.S. District Court in Portland to settle its patent infringement lawsuit against Adidas over the alleged use of Nike’s knitted footwear technology, according to Portland Business Journal. Settlement terms weren't disclosed in the filing. (Read More)
Perfect Game, the youth baseball and softball platform and scouting service, announced Dick's Sporting Goods as title sponsor of its All-American Classic amateur baseball game, scheduled to be played at Chase Field in Phoenix, AZ on Sunday, August 28. (Read More)
Becky Roseberry, former senior vice president of finance for CorePoint Lodging Inc., has joined the American Council on Exercise (ACE) as a member of its board of directors. (Read More)
Texas State Athletics has extended its partnership with Adidas as the University's exclusive athletic footwear, apparel and accessories outfitter. The partnership states that Game One will be the official Adidas products provider to Texas State student-athletes and coaches. (Read More)
The Port of Los Angeles processed an estimated 935,345 Twenty-Foot Equivalent Units in July, outpacing the previous record set in 2019 by 2.5 percent. The Port has set monthly records in five of seven months in 2022. (Read More)
As calculated by the National Retail Federation, core retail sales rose in July even as overall sales reported by the U.S. Census Bureau remained flat on a monthly basis, and both calculations showed strong year-over-year gains as consumers continued to shop despite high inflation respectively, the NRF said. (Read More)
Kohl's, Inc. cut its full-year forecast due to plans to increase promotional activity to reduce inventory levels. The department store chain reported second-quarter results slightly ahead of expectations but indicated a weakening economy and high inflation are weighing on sales growth. (Read More)
Linus announced that Noru XPLR, Inc. is now an exclusive authorized distributor of Linus Bike products for Canada. (Read More)
Target Corp. reported a steep decline in earnings due to planned markdowns to support the chain's inventory reduction efforts. Total sales grew 3.3 percent due to steady traffic growth on top of unprecedented increases over the last two years. The discounter maintained its guidance for the year. (Read More)
Murf Electric Bikes hired Ally Losness as marketing director, bringing over a decade of brand launch and growth experience to the position. (Read More)
