On Launches Kenya-Based Trail Running Team
Swiss running brand On has launched Milimani Runners, an elite trail running team based in Iten, Kenya.
Nike Unite To Open In Orlando
A Nike Unite store is set to open at Waterford Lakes Town Center in Orlando, FL according to the Orlando Sentinel.
REI Expands Technology Leadership Team
REI Co-op announced it has expanded its technology leadership team with two new vice presidents. Analyn Nouri was hired as vice president of platform engineering and the retailer promoted 15-year employee Todd Wilson to vice president of product engineering.
NFL, Fanatics Face Antitrust Suit Over Amazon Merchandise Sales
The National Football League (NFL) its teams and licensing partner, Fanatics, Inc. were hit with federal antitrust claims in San Francisco, CA by a merchandising business and a consumer claiming they conspired to “strangle the competition” and monopolize NFL product sales through Amazon’s third-party marketplace.
Selfridges Sold To Thai-Austrian Alliance
British luxury department store chain Selfridges is being sold to a Thai retailer and an Austrian property firm. The deal for the majority of Selfridges Group is worth around £4bn ($5.4bn).
Meta Director Of Sport Joins Professional Triathletes Organisation’s Board Of Directors
The Professional Triathletes Organisation announced that it has appointed Peter Hutton, director of sports partnerships at Meta, to its Board of Directors.
Mastercard: U.S. Holiday Sales Grew 8.5 percent
According to Mastercard SpendingPulse, holiday retail sales, excluding automotive, increased 8.5 percent year-over-year this holiday season, running from November 1 through December 24. Notably, online sales grew 11.0 percent compared to the same period last year, its preliminary insights show.
Li & Fung Sells Logistics Arm To Maersk For $3.6 Billion
Li & Fung Limited entered into a transaction for shipping giant Maersk to acquire its logistics business, LF Logistics Holdings Limited (LF Logistics) and its various entities, valuing the business at $3.6 billion on an enterprise value basis.
Crocs Faces Potential Debt Downgrade
Moody’s Investors Service and S&P Global Ratings placed Crocs, Inc.’s debt ratings on review for downgrade to reflect the impact of its planned acquisition of Heydude.
Crocs To Acquire Heydude
Crocs Inc. announced that it has entered into a definitive agreement to acquire Heydude, a privately-owned casual footwear brand, for $2.5 billion.
Salazar’s Lifetime Ban Upheld By Safesport Center
The U.S. Center for SafeSport on Wednesday upheld its permanent ban of former Nike Oregon Project coach Alberto Salazar,
U.S. Golf Rounds Slide In November
According to Golf Datatech, U.S. rounds of golf were down 17.6 percent in November 2021 against November 2020, but still up 5.6 percent in the first 11 months of the year.
Decision On ‘Container Dwell Fee’ On Hold Until December 27
Further consideration of the “Container Dwell Fee” will be postponed until Dec. 27, the Port of Long Beach and the Port of Los Angeles announced.
Orangetheory Fitness Appoints Chief Fitness And Product Officer
Orangetheory Fitness announced that it has appointed Ryan Flaherty as chief fitness and product officer effective immediately. Flaherty was most recently the vice president of performance and activity for Nike.
SFIA Trends In Team Sports Report Reveals 2020 Organized Participation Down
The Sports & Fitness Industry Association (SFIA) released its 2021 U.S. Trends in Team Sports Report that shows the total number of Americans participating in a team sport dropped by 3.8 million players in 2020.
