Footwear manufacturer Bata India is negotiating with Adidas for a strategic partnership for the Indian market, according to a report from CNBC-TV18, with the talks likely to advance.
Category: Sports/Fitness
EXEC: Super Retail Group Posts Solid Year But H2 Trends Cut Into H1 Gains
Sales for fiscal 2023 rose 7 percent to A$3.80 billion. Adjusted for the 53rd week in fiscal 2022, sales were up 9 percent for the year. Comp-store sales were up 8 percent for the 12-month period ended June 30.
Adidas Renews License With Coty For Active Skin and Mind Range
Coty, Inc. renewed its long-term license agreement with Adidas for its Active Skin and Mind range—a collection of deodorants and shower products in sustainable, packaged sustainably, designed to increase skin hydration for athletes to achieve optimal performance and recovery.
Peloton Interactive Launches B2B Platform; Hires Senior VP/GM
Peloton Interactive launched Peloton for Business, housing all of the company’s B2B offerings. In tandem with the service, Greg Hybl was hired as senior vice president and general manager of Peloton for Business.
Bettinardi Golf Opens Showroom In Illinois
Bettinardi Golf opened Studio B in Oak Brook, IL, at 1225 22nd Street, spanning over 7000 square feet.
Farfetch Revenues Tick Down in Q2 as In-Store Decline Offsets Digital Gains
Consolidated total revenue decreased 1.3 percent year-over-year to $572.1 million in second quarter, with an in-store decline offsetting 10.2 percent growth in Digital Platform revenues.
EXEC: Walmart’s Robust Q2 Delivers Upbeat Signal for Retail’s Recovery
Walmart, Inc. lifted its outlook for the year after reporting second-quarter results that handily topped guidance due to strength in the grocery but also a better-than-expected performance in general merchandise. The strong results were a relief for the retail sector following sluggish sales reports from Target and Home Depot although Walmart’s CEO Doug McMillon told analysts household budgets remain under pressure.
U.S. Jobless Claims Fall As Economy Chugs Along
In the week ending August 12, the advance figure for seasonally-adjusted initial claims declined 11,000 to 239,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 248,000 to 250,000.
Digital Brands Group Swings to Profit on Q2 Revenue Gain
The company reported that net revenues for the second quarter increased 69.6 percent to $4.5 million. Net income attributable to common stockholders was $5.0 million, or 38 cents per diluted share, in the quarter.
VF-Backed Wildwood Ventures Adds Portfolio Company; Expands Board
Wildwood Ventures, the venture studio and early stage investor backed by VF Corporation, added consumer app Chimani to its portfolio. The company also added three members to its advisory board.
Moody’s Withdraws New Era’s Ratings Following Debt Repayment
Moody’s Investors Service withdrew all New Era Cap, LLC debt ratings following the repayment of its outstanding rated debt in conjunction with the closing of a recent refinancing transaction.
Report: Traffic Report Sees Dick’s and Hibbett Well-Positioned for BTS
With Dick’s Sporting Goods releasing second quarter earnings next week and Hibbett Sports usually close behind in timing of its release, a new report from Placer.ai looks to be rather timely.
EXEC: Sacks Parente Golf Undergoes IPO
Sacks Parente Golf, Inc., a maker of including putting instruments, golf shafts, golf grips, and other golf-related products, raised $12.8 million through the sale of 3.2 million shares in an initial public offering.
Costco Wholesale Corporation Elects New Board Director
Costco Wholesale Corp. elected Helena Buonanno Foulkes to its Board of Directors. Most recently, Foulkes was CEO of Hudson’s Bay Company.
Herschel Supply Opens Flagship in New York City
Herschel Supply has opened its new SoHo flagship store in New York City, continuing its retail expansion plans for 2023 following recent store openings in Santa Monica, CA and NYC’s Flatiron district.
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