The National Football League announced it has named New Era Cap as the official outfitter of the NFL Scouting Combine. Under Armour has held exclusive rights as the NFL Scouting Combine’s official apparel outfitter since 2009.
Category: Sports/Fitness
Fitbit Replaces Auditors
Fitbit Inc has dismissed auditor PricewaterhouseCoopers LLP after a review of its fees and appointed Grant Thornton LLP, according to a regulatory filing.
Nike Fined Over Antitrust Violations
The European Union fined Nike $14 million for violating antitrust rules for allegedly preventing many of its licensees from selling soccer team merchandise across European borders.
Sports Direct May Make Bid For Debenhams
Sports Direct said it was considering a takeover bid for Debenhams, a last-ditch attempt to avoid creditors seizing control of the struggling department store chain.
Under Armour To Open Regional Headquarters In Hong Kong
Under Armour will open a regional headquarters in Hong Kong this year to jumpstart growth in Asia, according to a report in the South China Morning Post.
Lululemon To Sponsor Toronto 10K And Edmonton 10K
For the third year in a row, Canada Running Series is partnering with Lululemon for the Lululemon Toronto 10K, to be held on Saturday, June 15, 2019.
Yue Yuen’s Earnings Sink In 2018
Yue Yuen Industrial (Holdings) Ltd. reported earnings declined 40.3 percent in the year ended December 31 to $307.1 million. Revenues were down 6.3 percent to $9.7 billion.
Li Ning’s Profits Improve In 2018
Li Ning reported earnings in 2018 rose 39 percent on an 18 percent revenue gain.
PXG Signs LPGA Winner Celine Boutier
PXG has signed LPGA Tour winner Celine Boutier to its ambassador roster.
Oakley Signs Patrick Mahomes
Patrick Mahomes II, MVP quarterback, has become the first ever football player to sign on as an ambassador for Oakley.
Amazon Reports Roundup
A number of retail studies arrived over the last few weeks on retail’s disruptor, Amazon, including the e-commerce giant’s break-through in apparel, expanding dominance in product search, private-label shortfalls, trust credibility, digital advertising pushes and more.
Nike Sees No Slowdown In Momentum
Shares of Nike Inc. closed down nearly 7 percent on Friday after the company reported North America sales in the third quarter and fourth-quarter guidance that both missed Wall Street’s targets. But sales in the third quarter still more than doubled the growth rates of its closest rivals, Adidas and Under Armour, as Nike officials insisted its Consumer Direct Offense initiative is only getting started.
Champion Opens Store In Philadelphia
Champion Athleticwear opened its first store in Philadelphia and its fifth U.S. specialty retail store with other locations in Los Angeles, New York, Boston and Chicago.
Hibbett Sports’ Q4 Blows Past Estimates
Hibbett Sports, Inc. reported fourth-quarter earnings rose slightly but came in well above Wall Street’s targets. The retailer also announced plans to close 95 stores this year as part of an “accelerated store closure plan” and a transition plan with the pending retirement of CEO Jeff Rosenthal.
Hibbett Announces CEO Transition Plan
Hibbett Sports Inc. announced the planned retirement of Jeff Rosenthal, president and chief executive officer. The Board will commence a search process to identify the company’s next CEO, and Rosenthal will remain at the company in his CEO capacity until a successor is named.
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