Adidas Renews Partnership With Louisiana Athletic
Louisiana Athletics and Adidas have entered a three-year partnership in which the Portland, Ore.,-based company will be the official athletic footwear, apparel and accessory brand of the Ragin’ Cajuns through the 2021-22 season
ORR Safety To Be Exclusive Distributor Of Under Armour To Safety Market
Orr Safety Corporation, a subsidiary of Orr Corporation, announced it has entered into an agreement with Under Armour, Inc. to be their exclusive distributor to the industrial safety market in the U.S.
Hibbett Announces Appointment Of Interim Chief Financial Officer
Hibbett Sports Inc. announced that Scott R. Humphrey is joining the company as interim chief financial officer effective September 29, 2019, replacing Christine Skold who fulfilled her contract term and has accepted a full-time permanent position in Nashville.
VF Corp. Targets 7-To-8 Percent Annual Growth
VF Corp. said it is targeting a five-year compounded annual growth rate (CAGR) between 7 percent and 8 percent through fiscal 2024, fueled by VF’s largest brands (Vans, The North Face, Timberland and Dickies) and the company’s international and direct-to-consumer business platforms.
Nike’s Q1 Blows Past Estimates
Nike Inc. reported earnings in the first quarter ended August 31 rose 25.2 percent and easily surpassed Wall Street’s targets. Currency-neutral sales grew 10 percent, led by a 27 percent jump in China and low-teens gains in both the EMEA and APLA regions. North America’s sales grew 4 percent.
China’s Topsports Seeks To Raise Up To $1.2 Billion in IPO
Topsports International Holdings Ltd, the sportswear business of Chinese footwear retailer Belle International, launched a Hong Kong initial public offering (IPO) to raise up to $1.2 billion, according to Reuters.
Adidas America To Fund Cycle-Track Outside Portland Headquarters
Adidas America Inc is looking to spend $1 million for the construction of a cycle-track on the street outside their headquarters in the Overlook neighborhood of north Portland.
Nike Seeking Rejection Of Avenatti Subpoena Requests
Nike has asked a federal judge to reject a subpoena request from celebrity lawyer Michael Avenatti, according to the Portland Business Journal.
New Balance Seeks To Block Nike’s Liverpool Deal
New Balance is taking legal action against Liverpool because they’re being prevented from matching Nike’s bid for the soccer club’s kit rights.
The Best Running Stores Event Announces 2020 Date and Location
The Best Running Stores, which is organized by Diversified Communications, producers of The Running Event and Running Insight, announced that next year’s event will be held in Stone Mountain, GA at the Atlanta Evergreen Marriott from May 17-19, 2020.
Asics Accelerates Climate Initiatives
Asics announced it is committing to set 1.5°C science-based emissions reduction targets aligned with a net-zero future by 2050, responding to what climate science indicates is needed to limit the worst impacts of climate change.
Foot Locker To Open Regional Flagship Store At Manchester Arndale
M&G Real Estate and intu, joint owners of Manchester Arndale, have announced that Foot Locker will be moving into a larger unit at the center, developing a new experience-led flagship regional store.
J.C. Penney Preparing For Debt Discussions
J.C. Penney is preparing for discussions that could ease its debt burden ahead of the critical holiday shopping season, according to a report from Bloomberg.
Boardriders Launches Multi-Year Growth Agenda And Repositioning Of Key Executives
Boardriders, Inc., the owner of action sports brands including Quiksilver, Billabong, ROXY, DC Shoes, RVCA and Element, announced that it is launching a multi-year growth agenda by investing in a range of strategic initiatives across seven major pillars, fueled by its substantial progress in integrating the Billabong acquisition onto the Boardriders platform. In parallel, the company is also repositioning a number of key executives.
Kathmandu’s Annual Results Boosted By Oboz
Kathmandu Holdings Ltd., based in New Zealand, reported net profits rose 13.7 percent in the year ended July 31 on a 9.7 percent revenue gain. The gains were led by Oboz, the U.S.-based outdoor footwear brand. Oboz’s sales grew 30 percent to U.S.$44.6 million.
