Gap Inc. announced that the company no longer intends to separate Old Navy into a standalone public company. The company also announced that Neil Fiske, president and CEO of Gap brand, will leave the company.
Category: Sports/Fitness
Fanatics Signs 10-Year Partnership With Notre Dame
Fanatics has formed a 10-year alliance with the University of Notre Dame to become the university’s primary apparel, headwear, and hard goods partner starting in January 2021. The Notre Dame athletics’ apparel partnership with Under Armour will remain unchanged.
Industry Groups Welcome USMCA Trade Deal Signing
OIA, NRF, AAFA and FDRA were among the trade associations that welcomed Thursday’s Senate passage of the U.S.-Mexico-Canada (USMCA) Agreement.
Balanced Body Launches Integrated Movement Specialist Certification
Balanced Body, the specialist in Pilates equipment and education, announced the launch of its Integrated Movement Specialist (IMS) Certificate program for movement professionals, including instructors, trainers and coaches.
Troy Barbell & Fitness Appoints VP Of Sales And Marketing
Troy Barbell and Fitness, the maker of free weight and fitness accessories, appointed Robert Quast as its new VP of sales and marketing.
Michael Avenatti, Facing Nike Trial, Arrested In California
Michael Avenatti, the celebrity lawyer accused of extorting Nike for up to $25 million, was arrested Tuesday evening while appearing before the State Bar Court in Los Angeles. A Los Angeles judged ruled Wednesday that he will remain in jail after prosecutors alleged he continued to commit financial crimes while out on bail.
Canadian Tire Appoints CFO And New Leader Of Banking Unit
Canadian Tire Corporation Limited announced two senior executive appointments: Gregory Craig as executive vice-president and chief financial officer (CFO), CTC; and Mahes Wickramasinghe as president, Canadian Tire Financial Services (CTFS) and president and CEO, Canadian Tire Bank.
Industry Groups Welcome Phase One Trade Deal Signing
A number of retail and industry groups – including OIA, NRF, FDRA, AAFA and RILA – welcomed the signing of the phase one trade deal between the United States and China. Many renewed calls for the administration to promptly conclude a phase two deal to lift all punitive tariffs.
PGA Tour Superstore To Open Three Stores This Spring
PGA Tour Superstore said it will open three new stores this spring: East Hanover, NJ, Palm Beach Gardens, FL, and Columbus, OH; and is looking to open additional stores later in the year.
New Era Cap Celebrates 100 Years
New Era Cap Co. will be celebrating its 100th year anniversary with special collections, new global partnerships and an exhibition at the Buffalo History Museum. Said Chris Koch, president and CEO of New Era Cap, in a statement, “We are extremely proud of our heritage and excited about the momentum we have as we embark on our next 100 years.”
Adidas Continues Share Buyback Program With Third Tranche
Adidas announced the start of the third tranche of its current multi-year share buyback program initially announced in March 2018 and intends to repurchase own shares worth up to €1.0 billion in 2020.
Nike Donates $5 Million To Create Athletic Facility At Obama Presidential Center
The Nike Foundation made a $5 million contribution to help build an athletic facility at the planned Obama Presidential Center on the south side of Chicago. It will be the first presidential center to feature an athletic facility.
K-Swiss Signs Rising Tennis Stars
K-Swiss announced it has signed both Ajla Tomljanovic and Cameron Norrie to endorsement pacts. Tomljanovic had been with Nike while Norrie was sponsored by Ellesse.
Fitbit And Garmin Accused Of Patent Infringement
Philips has accused Fitbit, Garmin, and several other competitors of stealing its wearable tech and the U.S. International Trade Commission has agreed to investigate the charge.
Dick’s Closes Location In Orem, UT
Dick’s Sporting Goods has abruptly closed its location in Orem, UT. The store opened in 2012.
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