How To Navigate The Trade War
Companies that are subject to new tariffs on Chinese-made products might be able to mitigate some or all of the financial impact, according to David Cohen, a Washington, DC-based international trade lawyer, who spoke at the recent SFIA Industry Leaders Summit. “You’re not sitting ducks. There are ways, there are countermeasures, that companies can take.”
Community Engagement Pays Off
Whether its coaches for BSN Sports, runners for Fleet Feet or the local Latino community for WSS, the benefits of engaging communities was spelled out loudly at a session featuring a number of retailers at the SFIA’s recent Industry Leaders Summit in Denver. The challenges in driving consistent engagement were also heard.
Dick’s Sporting Goods Announces Grand Opening Of Four Stores In October
Dick’s Sporting Goods will be opening two new Dick’s Sporting Goods and two new Golf Galaxy stores in October. Dick’s will now have 733 Dick’s Sporting Goods stores and 96 Golf Galaxy stores nationwide in 47 states.
Phil Knight Donates Nearly $1B In Nike Stock To Philanthropy
Nike co-founder and chairman emeritus, Phil Knight, gave 12 million shares of Nike stock valued at $990 million to an unnamed charity, according to a regulatory filing.
Puma Launches #REFORM Platform To Drive Social Change
Puma has launched #REFORM, a new platform that will give activists from the worlds of sports, music and entertainment support in championing causes and encouraging conversations around issues such as universal equality and criminal justice reform.
VF Launches Materials Source Maps For Supply Chain Transparency
VF Corp. is tracing the supply chain footprint for 10 of the company’s most iconic products through sourcing maps now available to consumers. The source maps, available on VF’s sustainability website, help ensure every step in the production of VF’s apparel and footwear meets the corporation’s standards of quality, sustainability and social responsibility.
Reebok Signs Conor McGregor
Reebok signed UFC fighter Conor McGregor to a multi-million dollar deal, according to ESPN. The report indicated the deal is worth at least $5 million.
Aku Footwear’s North American Sales Soar 16 percent in 2018
Aku, the Italian footwear specializing in hand-crafted hiking and trekking boots, said the company experienced 16 percent growth in the past year in Canada and the U.S.
Aisle Talk Week of October 1
Top headlines from the active lifestyle industry you may have missed this week, including BSN Sports, a division of Varsity Brands and the nation’s largest direct marketer and distributor of sporting goods to the school and league markets, completing its acquisition of Port Jeff Sporting Goods (pictured).
Brian Bowen Sr. Details Bribes From Multiple College Teams
On the fourth day of the college basketball corruption trial, the father of an elite basketball recruit testified that before his son committed to Louisville, a family friend told him four other schools, Arizona, Creighton, Oklahoma State and Texas, offered competing bids. Brian Bowen Sr. also discussed details of pay-to-play payments from youth basketball teams.
New Balance Foundation Grants $30,000 To Travis Mills Veterans Retreat
New Balance Foundation, the charitable arm of New Balance Athletics, granted $30,000 to the Travis Mills Foundation to cover the operating costs for September 19-23 at the Travis Mills Retreat, a fully accessible facility for combat-injured veterans and their families.
Report: Puma Signs DeMarcus Cousins
Puma has signed DeMarcus Cousins of the Golden State Warriors as the company’s latest ambassador to support the company’s return to basketball, according to ESPN.
Nike ‘Deeply Concerned’ By Ronaldo Rape Allegations
Nike said Thursday the company was “deeply concerned” by rape allegations surrounding Cristiano Ronaldo.
VF Corp. To Say Bye To Reef
While acquiring Icebreaker and Altra this year amid stepped-up efforts to “reshape” the company’s portfolio, VF Corp. on Thursday reached an agreement to sell Reef, the surf-inspired sandal brand, to The Rockport Group. The divestiture will mark the first sell-off of a brand that had been part of the company’s Outdoor or Active coalitions that has driven the company’s growth for the last two decades.
