Iconix To Absorb Impairment Charge
Iconix Brand Group Inc. reported preliminary financial results for the third quarter and also said will recognize a non-cash intangible asset impairment charge of approximately $500 million to $750 million primarily related to the women’s segment.
Cowen Cuts Adidas’ Estimates On North America Growth Concerns
Cowen lowered its estimates on Adidas for 2018 due to its belief that Nike’s product cycle is improving, heightened promotions are being seen in North America on the Adidas brand, and a possible moderation in Europe.
BSN Sports Acquires Portion Of Hibbett Team Sales Assets
BSN Sports completed the acquisition of a portion of the assets of Hibbett Team Sales Inc. (HTS) based in Birmingham, AL.
Vail Resorts Sees Robust Early Season Pass Sales
Vail Resorts Inc. reported season pass sales for the North American ski season are up approximately 14 percent in units and approximately 20 percent in sales dollars through December 3, 2017.
Cherokee Cuts Guidance, Eyes Growth In 2018
Henry Stupp, CEO, said the company’s acquisition of Hi-Tec has been “undoubtedly more costly and time-intensive than we originally forecasted.” The flagship Cherokee’s brand transition away from Target is taking longer than expected while Tony Hawk’s revenues are being impacted by weakness in Canada.
Nike Names Four New WHQ Buildings
Two buildings honor champion Nike athletes Serena Williams and Sebastian Coe, and a new fitness center is named after Coach Mike Krzyzewski.
Florida Shifts To Jordan From Nike
Florida is just the fourth collegiate football program to represent the Jumpman and the brand’s first college program in the Southeastern Conference.
University Of Southern Florida To Shift From Under Armour To Adidas
The University Of Southern Florida announced that it had entered into a new eight-year partnership with Adidas. Adidas will replace Under Armour as the official athletic footwear, apparel and accessory brand of the Bulls through the 2025-26 season.
The North Face Names Winner Of 2017 Never Stop Exploring Award
Runners Roost, a Denver-based specialty running store, was selected for its commitment to the community and inspiring a healthy lifestyle for children and families.
Canfield’s Sporting Goods In Omaha To Close
Canfield’s Sporting Goods in Omaha, NE will be closing after 71 years in business, according to a report from the Omaha World-Herald.
OBIT: Bruce Fendell
Bruce Fendell, an industry veteran who had worked for WSS, Fila, Adidas and numerous other firms, passed away on December 5 after a battle with lung cancer.
Surf Expo To Launch Bluewater Category
Bluewater will cater to inshore and offshore apparel and accessory companies and will be anchored by legacy exhibiting companies Salt Life, Bimini Bay and Yeti.
U.S. Soccer Foundation Launches Campaign To Expand Soccer Programs
The U.S. Soccer Foundation is launching a national campaign, “It’s Everyone’s Game,” aimed at dramatically expanding its impact on children across the country through soccer-based programs.
The Conservation Alliance Funds Legal Challenges To Trump Assault On National Monuments
The Conservation Alliance made a $75,000 grant to Earthjustice, supporting the organization’s legal challenges to President Trump’s unprecedented changes to national monument boundaries. The grant is the largest contribution The Conservation Alliance has ever made.
Deckers Brands Sends Letter To Shareholders In Proxy Fight
Deckers Brands said its its Board of Directors is sending a letter to stockholders highlighting support from leading proxy advisory firm Glass Lewis, as well as Deckers’ sell-side analysts.
