Wells Fargo Downgrades Under Armour, Cuts Estimates On Athletic Sector
Wells Fargo downgraded Under Armour to “underperform” while lowering its estimates on Under Armour, Nike, Lululemon and Finish Line due to a slowdown in the athletic cycle.
Iconix Touts Its Active Brands Growth Potential
At CL King’s 15th Annual Best Ideas Conference 2017, Dave Jones, EVP and CFO of Iconix Brand Group, said many of the company’s active brands continue to offer the most growth potential for the company. Mossimo, Starter, Ocean Pacific, Umbro, Danskin and Pony were all called out.
Fabletics Expands Into Footwear
The brand co-founded by Kate Hudson will introduce 11 styles comprised of training shoes, slip-ons, booties, lifestyle sneakers and high tops for women.
Adidas Again Lands On Dow Jones Sustainability Index
For the 18th year in a row, Adidas has been included in the Dow Jones Sustainability Indices (DJSI), which evaluate the sustainability performance of the largest 2,500 companies listed in the Dow Jones Global Total Stock Market Index.
Kohl’s Announces Amazon Returns At Select Kohl’s Stores
Kohl’s announced that 82 stores across Los Angeles and Chicago will be offering free, convenient returns for Amazon customers starting in October.
Dick’s Announces Team USA Contenders Roster
Ashley Wagner and Alex Rigsby headline the roster of winter U.S. Olympic and Paralympic Contenders that are being supported by the Dick’s Sporting Goods through flexible employment or sponsorship agreements.
Interior Chief Urges Shrinking Four National Monuments In West
Ryan Zinke, the U.S. interior secretary, will recommend reducing the size of at least four of 27 national monuments, a leaked report states. The four monuments mentioned include the fiercely contested Bears Ears National Monument in Utah as well as Utah’s Grand Staircase Escalante, Oregon’s Cascade-Siskiyou and Nevada’s Gold Butte.
Pensole Launches Free Education Kickstarter Campaign
Pensole Footwear Design Academy announced it has launched a multi-tiered Kickstarter crowdfunding campaign to raise $50,000 to $1 million for new free programs and facility expansion initiatives.
Puma Partners With Selena Gomez
The singer and actress will start working with Puma immediately and will first appear in the brand’s newest campaign for the Phenom, an upcoming women’s footwear drop.
Balega Supports Breast Cancer Prevention
Balega, the performance sock brand in the run specialty market, announced its continued support of Breast Cancer Prevention Partners (BCPP) with the release of its limited-edition Grit and Grace collection.
OBIT: Powder Mountain’s Alvin F. Cobabe
The father and visionary of Powder Mountain, Dr. Alvin F. Cobabe, passed away peacefully on September 13, 2017 at the age of 99 in his home in Eden, UT.
Sportsman’s Warehouse To Hold Grand Opening In Visalia, CA
Sportsman’s Warehouse is expanding its operations to include a new retail location in Visalia, CA.
Camping World Forms Partnership With Major League Baseball
Camping World Holdings announced a multi-year partnership with Major League Baseball. The agreement includes sponsorships with all its banners: Camping World, Gander Mountain, Overton’s, The House and Windward/W82.
Under Armour To Sponsor Women’s Professional Lacrosse League
The Women’s Professional Lacrosse League (WPLL) announced a new, multi-year partnership with Under Armour and Longstreth Sporting Goods, naming Under Armour the official outfitter of the WPLL.
Canada’s Wholesale Sports To Close
Wholesale Sports Canada Ltd. announced the orderly wind down and eventual closure of its 12 retail locations in the four western Canadian provinces, according to a statement from its parent United Farmers of Alberta Co-operative Ltd. (UFA).
