Under Armour Sued For Use Of “I Can”
Under Armour is facing a trademark infringement for using the words “I Can” as part of slogans on t-shirts by the alleged owner of the “Ican” trademark.
Callaway Golf Further Invests In Topgolf
In a regulatory filing, Callaway Golf Company said that it had invested an additional $20.0 million into Topgolf International, Inc., doing business as Topgolf Entertainment Group.
SurfStitch’s CEO Departs
SurfStitch Group, the Australia-based online action sports retailer that collapsed into voluntary administration in August, said its CEO, Mike Sonand, has stepped down.
Report: REI To Close Store In Schaumburg
REI will close its location in Schaumburg, IL on January 11, according to the Daily Herald.
Camber Outdoors To Hold Thought-Leadership Keynote
On Saturday morning, January 27, Outdoor Retailer show attendees can explore women’s leadership with CEO Pledge pioneers Donna Carpenter, CEO Burton, Sally McCoy, former CEO CamelBak, Jerry Stritzke, CEO REI, and Ken Meidell, CEO Dakine.
Maurice Sporting Goods To Be Acquired By Middleton Partners
Maurice Sporting Goods said Middleton Partners has been deemed the successful bidder for the company as part of its bankruptcy process.
Poll: National Park Fee Hikes Likely To Reduce Visits
A survey commissioned by Outdoors Alliance for Kids (OAK) found that 64 percent of Americans would be less likely to visit a national park if fees were increased.
Amer Sports To Take Write-Down Due To U.S. Tax Reform
Amer Sports said that because it has deferred tax assets of approximately $40 million in the U.S., the value of the company`s net deferred tax assets is expected to be reduced by approximately $13 million due to the federal tax rate change.
Anta Unveils China Winter Olympic Uniforms
Anta Sports Products Limited announced that the launch ceremony of the PyeongChang 2018 award ceremony outfit for the Chinese Sports Delegation took place at the General Administration of Sport of China in Beijing.
Wall Street Reacts: Nike Q2
While some were dismayed that the North American marketplace recovery wasn’t more apparent, Wall Street was generally pleased with Nike’s better-than-expected second-quarter results.
WSJ Article Explores Under Armour CEO’s Outside Interests
A front page article in the Wall Street Journal on Tuesday explored investors’ concerns over Kevin Plank’s dual role as CEO and chairman of Under Armour and as head of his investment firm, Plank Industries.
Bass Pro Hints At Impending Layoffs At Cabela’s
In a letter to Cabela’s employees, Bass Pro Shops CEO Johnny Morris wrote that Cabela’s sales have been underperforming over the last few years and the overall company has been “under the weight of an extremely heavy corporate payroll.” The document also revealed a few details of the transition process as a result of the Bass Pro/Cabela’s merger.
Mastercard SpendingPulse: Retail Sales Grew 4.9 Percent This Holiday Season
Mastercard SpendingPulse reported that holiday sales increased 4.9 percent this year, setting a new record for dollars spent. The gain marked the largest year-over-year increase since 2011. Online shopping also saw large gains of 18.1 percent compared to 2016, boosted by a late season rally.
Amazon Boasts Of Strong Holiday Selling
Amazon indicated it saw significant gains in sales of Alexa-enabled devices as well as growth in Prime membership over the holiday season. Top sellers among active products include the Asics men’s GEL Venture 5 Running Shoe, Fitbit Charge 2, Titleist Pro V1 Golf Balls, Wilson NFL MVP Junior Football and Spalding NBA Street Basketball.
Iconix Logs Steep Q3 Loss
Iconix Brand Group, as expected, posted a steep loss in the third quarter due to an impairment charge and indicated it will likely not be able to repay its convertible notes due March 2018.
