The partnership kicks off for the league’s 2025 season, to redefine fashion’s role in sailing and sports role in pop culture.
Category: Sports/Fitness
Nike Faces Shareholder Lawsuit Over DTC Strategy
A Nike, Inc. shareholder has filed a securities class action in the District of Oregon’s Portland division, claiming the company misled investors about the financial effects of prioritizing direct-to-consumer sales. Plaintiffs are seeking class-action status, an unspecified amount in damages and a jury trial.
Rally House Expansion Continues in Texas
The retailer announced the first of several stores to open in a new market for the company in Houston, TX with Rally House Houston Outlets.
Athleta-Parent Hires Chief Technology Officer
Prior roles for Sven Gerjets include chief information officer, Time Warner; SVP, information technology, DirecTV; chief technology officer, Pearson; director, global e-commerce, Symantec. Most recently, Gerjets was the EVP and chief technology officer from July 2017 to May 2024 at Gap, Inc.
Summer Kicks Off in NYC with Mubadala New York Sail Grand Prix
The first F50s have hit the water in New York City to begin training ahead of racing this weekend. After two fleet races on June 23, the top three ranked teams will fiercely compete in the winner-takes-all final, which will ultimately decide the event winner.
Puma Releases Teveris G Spikeless Golf Shoe
The Teveris G is a lifestyle shoe, drafted from the early 2000s, the era trending in today’s fashion scene.
Report: Retail Sales Show Signs of Stabilization in May
The latest report from Circana reveals that U.S. retail sales, encompassing discretionary general merchandise and consumer packaged goods (CPG), have experienced a 1 percent growth, with consumers adapting their spending habits in response to moderating price pressures.
Athleta Hires Former Nike Exec to Lead Design
Athleta has hired Tania Flynn, formerly VP of apparel design at Nike, as head of design.
Nike, Converse Sue 52 ‘Counterfeiting Networks’
Nike and sister brand, Converse, filed a lawsuit with the U.S. District Court for the Southern District of New York against 52 alleged counterfeit networks, which collectively operate 98 websites and 267 social media handles, over the sale of counterfeit goods.
Amazon to End Plastic Use In Shipping
Amazon will eliminate “almost 15 billion plastic air pillows annually to reduce its environmental footprint.” The company will use 100 percent recycled paper filler, which is recyclable and “offers the same, if not better, protection.”
EXEC: Nike Hit By Analyst Estimate Cuts Ahead of Earnings Report
Ahead of Nike’s quarterly report next week, several analysts reduced their EPS targets for Nike’s fiscal year ended May 31, 2025, on weaker-than-expected sales in the first half of the current fiscal year and concerns about how quickly investments the company has made in innovations will take hold.
Trending: 2024 Midyear Per Race Participation Increases
RunSignup reported a mid-year update on race trends, showing that pre-race registrations have continued to increase after nearly matching 2019 numbers in 2023. On average, registrations grew 8 percent compared to 2023.
PickUp USA Expands into Boston
The new Hanover, MA location is a franchised outlet owned by James Medeiros, a long-time community resident, with a target opening date of early July.
FootBalance Appoints New CEO
Most recently, Atul Midha, was the global retail director at Eton Shirts. He also held senior leadership roles at Giorgio Armani, and other fashion retail and tech startups.
Intercollegiate Tennis Association Appoints New CEO
David Mullins will spend the next six months as the CEO designate, continuing his work with the ITA’s current CEO, Dr. Timothy Russell. Mullins officially takes over as the Association’s CEO on January 1, 2025.
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