Brooks Running recently organized its European business into three commercial territories (North, Central and South), each with its own business leader to better capitalize on growth. Brooks also recently appointed a new EMEA Sales Director and EMEA Marketing Director.
Category: Sports/Fitness
Vicis Amasses $28.5M In Funding Round
Vicis Inc., the maker the ZERO1 football helmet, announced the closing of a $28.5M Series B funding, which includes an investment from All-Pro NFL quarterback Aaron Rodgers through Rx3 Ventures.
Nike Names New Leaders For Asia Pacific And Latin America And Global Sales
Nike Inc. announced that effective December 1, Carl Grebert, currently the VP, GM of the global Jordan Brand, will become the company’s new VP, GM of its Asia Pacific and Latin America (APLA) geography. Ann Hebert, currently VP, GM of the APLA geography, will become the new VP, Global Sales.
Laura J. Flanagan Named to Board of Directors Of Callaway Golf Co.
Callaway Golf Co. on Tuesday announced that it has increased the size of the company’s board of directors from nine to 10 members, and that Laura J. Flanagan has been appointed to the board.
Fila Signs Sponsorship Agreement With WTA Rising Star Sofia Kenin
Fila announced that it has signed a sponsorship agreement with American tennis player Sofia Kenin.
Under Armour Faces #MeToo Moment
Under Armour in a letter to employees vowed to shore up its culture after the Wall Street Journal came out with an extensive report on years of sexual misconduct at the firm, including a past practice of letting employees expense strip club visits.
Adidas Close To Signing Record Deal With Real Madrid
Adidas is set to sign a record-breaking deal to renew with Real Madrid. The ten-year deal is valued at €1.1 billion (U.S. $1.25 bn), according to Marca.
Fanatics Terminates Nascar Deal
Fanatics has terminated its ten-year trackside sponsorship deal with Nascar six years early as a result of low race attendances, according to a report from Sports Business Daily.
Gaia Widens Loss In Q3
Gaia Inc. on Monday reported a loss for the third quarter ended September 30 of $10.3 million, or (0.58) cents per share, compared to a net loss of $5.2 million, or (34) cents per share, in the year-ago quarter, and missing analysts’ consensus estimates by 15 cents.
Retail Reports Roundup
Retail studies arrived on increasing rates of discretionary spending online, online personalization disappointing consumers, disconnects around consumers pricing perceptions, unplanned absence creating selling floor shortages, and rewards members desire for cash.
Asics Sees 8 Percent Q3 Sales Drop In The Americas
Asics Corp. reported an operating loss in its American region of ¥398 million ($3.5 mm) in the third quarter as sales declined 8.1 percent. Companywide, Asics slashed its earnings guidance for the year as it also saw a steep decline in profits in the Europe and a modest decline in Japan.
October M&A Roundup: Implus Nets 20th Acquisition
Acquisitions made by a fitness accessories company, a sporting goods retailer and a bike components manufacturer—each with vastly different track records of making deals—highlighted a busy month for M&A across the sporting goods, outdoor and active lifestyle industries.
361 Degrees Launches Retail Racing League
Kicking off mid-2019, the league will be comprised of teams from run specialty retailers who will compete at local races over an eight-month period to win the opportunity to run the final race in early 2020 and take home the coveted $50,000+ prize purse.
Darn Tough Vermont Appoints Reps For Southern Region
Darn Tough Vermont, the maker of performance outdoor and lifestyle socks, announced that effective immediately Apex Outdoor Sales is responsible for representing the Darn Tough brand covering all channels servicing Texas, Arkansas, Louisiana, and Oklahoma (TALO).
2018 Rawlings Gold Glove Award Winners Announced
Rawlings Sporting Goods Company, Inc., announced the winners for the 2018 Rawlings Gold Glove Award, honoring the best individual fielding performances at each position in the American League and National League. Winners were unveiled during a live, one-hour “Baseball Tonight – The 2018 Rawlings Gold Glove Award® Announcement Show” on ESPN presented by Dick’s Sporting Goods.
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