Alibaba Taps Goldman Sachs Exec as New President
Alibaba Group appointment investment banker and Olympic gold medalist Michael Evans as its president effective Aug. 4 in a bid to become a global retailer…
Pearl Izumi Donates Coffee Sales to Kids Running America
Pearl Izumi, the maker of ride, run and triathlon apparel and footwear, will donate $8.00 from every bag sold of their Runner’s High coffee to Kids Running America…
Vista Outdoor Closes CamelBak Deal, Plans $300 MM Debt Sale
Vista Outdoor Inc. completed its $412.5 million acquisition of CamelBak Products Inc. Monday and said it plans to sell $300 million in unsecured debt to qualified investors to repay a portion of its existing indebtedness and for general corporate purpose
New Balance Affiliate, PE Firm Acquire Rockport
Berkshire Partners LLC and the investment arm of New Balance acquired The Rockport Company (TRC) from the Adidas Group and will combine it with the Cobb Hill, Aravon and Dunham brands to form The Rockport Group…
Sequential Brands Sees Robust Q2 Sales Gains
Sequential Brands Group, the parent of Avia, And1 and Heelys, reported sales grew 189 percent in the second quarter to $20.2 million compared to $7.0 million in the prior year quarter…
GO Sport Group Comps up 5.3 Percent in First Half
GO Sport Group, a French sporting goods retailer with more than 300 outlets, saw comparable-store sales grow 5.3 percent in currency-neutral terms in the six months ended June 30…
Crocs Q2 Earnings Slump
Crocs Inc. reported second-quarter earnings fell 50.4 percent to $9.7 million, or 11 cents a share. Revenues on a currency-neutral basis in the period ended June 30 slipped 1.1 percent…
Escalade Sports Acquires Pickelball Company
Escalade Sports acquired Onix Sports Inc., the preeminent brand of paddles, balls, sportswear and accessories for the sport of pickleball. Terms of the deal were not disclosed…
Amer Sports Adds Queenax to Precor Fitness Line
Amer Sports has acquired Queenax and will integrate the maker of “functional fitness training systems” into its Precor line of traditional strength, cardio and networked fitness offerings…
Damian Lillard and Jimmy Kimmel Star in Foot Locker Commercial
Foot Locker, Inc. and Adidas Originals unveiled, “The Bobby Butter Story,” a new spot featuring NBA stars Damian Lillard and Andrew Wiggins, alongside late-night host and comedian, Jimmy Kimmel…
Callaway’s Q2 Earnings Jump
Callaway Golf Co. reported second-quarter earnings more than tripled to $12.8 million, or 15 cents a share, from $3.4 million, or 4 cents, a year ago. Sales were essentially flat on a currency-neutral basis. The company lowered its sales outlook but rai
Report: Michael Jordan Loses China Trademark Suit
A Beijing court dismissed a trademark case brought by Michael Jordan against a company using a similar name and logo to his Nike-produced brand, a report said…
Amer Sports Cuts Q2 Loss by Nearly Half
Amer Sports reported sales, excluding Louisville Slugger, increased 7 percent in currency-neutral (c-n) terms in the second quarter ended June 30 thanks to strong growth in the Americas and Asia Pacific, Footwear and a surge in Winter Sports Equipment sal
Verde Brand Hires Outdoor Veteran Christina Erb LoVullo
Verde Brand Communications, a full-service, integrated public relations, marketing and consulting agency, announced the addition of veteran outdoor industry professional Christina Erb LoVullo…
TJX Cos. Acquires Australian Off-Price Retailer
The TJX Companies, Inc. has signed a definitive agreement to purchase Trade Secret, an off-price retailer that operates 35 stores in Australia…
