Adidas Sports Marketing Head Arrested On Bribery Charges
Jim Gatto, the director of global sports marketing at Adidas, was arrested by the FBI as part of a bribery scheme. Gatto was charged with paying elite high school basketball players and their families up to six-figure sums to go to Adidas-affiliated colleges with promises to later sign with Adidas if they turned pro.
ISPO Munich 2017 Draws Record Attendance
More than 86,000 visitors and 2,732 exhibitors attended ISPO Munich 2017, which took place from February 2 to 5.
LiFT23 And Paragon Sports Donate Socks NYC Homeless Shelters
LIFT23 Corp., the ski/snow socks company, in conjunction with Paragon Sports announced a donation of an additional 500 pairs of socks to children in NYC homeless shelters in time for the new school year.
Fabletics Supports Breast Cancer Awareness
“Doing Good is Always in Fashion” is the message behind the 2017 Fashion Targets Breast Cancer Campaign from the Council of Fashion Designers of America (CFDA) in partnership with Fabletics, the active-lifestyle brand co-founded by Kate Hudson in 2013.
L.L. Bean Releases Ad That Can Only Be Read Outdoors
L.L.Bean ran a full-page newspaper ad in the New York Times that can only read outdoors.
Deloitte Expects Holiday Sales To Increase 4 To 4.5 Percent
Retail holiday sales should rise a healthy 4 to 4.5 percent over last year’s shopping season, according to Deloitte’s annual retail holiday sales forecast.
Tough Mudder To Deliver Live Event On Facebook’s Watch Platform
Tough Mudder Inc. has partnered with Facebook to deliver original, live event sports and fitness programming on Watch, Facebook’s new platform for shows.
Nike Recasts Segment Financials In Connection With Consumer Direct Offense
Nike furnished changes to its financial disclosures in connection with its new reportable operating segments as part of its Consumer Direct Offense. The company also indicated that it will stop reporting Future Orders beginning in its first quarter.
Nike Sides With NFL Players In Protest Dispute
Nike came out in support of the players’ right to protest in the public showdown between President Trump and players who refuse to stand during “The Star-Spangled Banner.” Nike became the first NFL sponsor to take a side in the controversy.
Keen Names General Manager Of Outdoor, Lifestyle And Kids
Most recently, Erik Burbank served as chief marketing officer at Helly Hansen.
Bass Pro And Cabela’s Celebrate Merger Closing
With a video declaring the two companies were “Moving Forward Together,” Bass Pro on Monday celebrated the closing of its $4 billion merger with Cabela’s.
Under Armour Upgraded, VF Corp Downgraded
KeyBanc Capital Markets on Monday raised its rating on Under Armour due in part to its recent hiring of Patrik Frisk as COO. At the same time, the investment firm lowered its rating on VF Corp. due in its valuation and online weakness at its jeanswear coalition and Timberland.
Bass Pro Completes Cabela’s Merger
According to a statement, the combined company is “poised to provide customers with unmatched offerings spanning premier destination retail, outdoor equipment manufacturing, world-class resort destinations and more with a strong commitment to advancing conservation initiatives.”
AlixPartners Sees Healthy Holiday Gains
AlixPartners released its forecast for US retail sales for the upcoming holiday season. The forecast anticipates an increase in sales revenue for retailers for the November-through-January period of 3.5 percent to 4.4 percent, compared with 2016 holiday-season sales.
Adidas Extends Partnership With Kansas
Adidas and the University of Kansas announced the extension of their partnership through 2031.
