Iconix Reduces Debt By $362 Million With Entertainment Segment Sale
Iconix Brand Group Inc. announced a substantial reduction of its debt in conjunction with the completion of the previously reported sale of its entertainment segment for $345 million in cash, subject to customary working capital adjustments.
Fourth of July Races Experience Record-Setting Growth in 2016
For the second year in a row, finisher numbers for Fourth of July races increased, ranking the holiday as the second most popular among runners in 2016, sitting only behind Thanksgiving, according to Running USA.
Adidas Creates Women Artists UltraBOOST X Series
Adidas and Refinery29 is partnering with celebrated female artists to create one-of-a-kind pairs of UltraBOOST X representing all 50 states.
Nike Sues Rob Gronkowski
Nike filed a formal opposition to the USPTO Trial & Appeal Board, asserting a logo of New England Patriots tight end Rob Gronkowski’s company, Gronk Nation LLC, looks similar to the Air Jordan “Jumpman” logo that has been in use since November 1987, ESPN reports.
Supra Signs Skateboarder Clint Walker
Supra announced pro skateboarder Clint Walker has joined its skate team.
Puma Invests In Canadian Business
Puma announced a future reorganization of the Canadian business and a further investment into the growing Canadian market. The brand plans to centralize their operations for a more efficient approach.
Nike Confirms Sales Through Amazon As Q4 Tops Expectations
“As we do with all of our partners, we’re looking for ways to improve the Nike consumer experience on Amazon by elevating the way the brand is presented and increasing the quality of product storytelling,” said Mark Parker, chairman, president and CEO, on a conference call with analysts.
Aisle Talk, Week Of June 26
Top headlines from the active lifestyle industry you may have missed this week.
West Marine To Go Private
West Marine Inc. has reached an agreement to be acquired by Monomoy Capital Partners, a New York-based private equity fund, for $12.97 per share in cash, which represents a total equity value of $338 million.
Golf Rounds Slide In May
According to Golf Datatech, golf rounds played in May declined 6.3 percent.
Nike Handily Tops Q4 Estimates
Nike’s earnings in its fourth quarter easily topped Wall Street’s targets with help of a reduction in expenses and double-digit growth in Greater China, and the Emerging Markets. Sales were flat in North America.
Storelli Signs English Premier League Stars
Brooklyn-based sports technology start-up Storelli unveiled two new global ambassadors, Manchester United and England winger Jesse Lingard and EPL-winning Chelsea and Spain defender César Azpilicueta.
Foot Locker Talks “Inspired Leadership“ At Major CX Event
Foot Locker’s Vice President of Customer Experience (CX) and Connectivity John Wompey delivered a compelling address titled “Coaching Up: The Inspired Leadership Behind Foot Locker’s CX Transformation” at Forrester’s CXNYC 2017, a gathering for customer experience professionals.
Teva To Take Kids Business In-House
Teva said that beginning with the Spring 2018 season, it will be transitioning the Teva kids business back in-house.
North Carolina-based Outdoor Companies Drive Initiative To Create New State Level Position
Tom Dempsey, president of SylvanSport, a North Carolina-based, recreational vehicle manufacturer, and several other industry leaders have led the drive to establish a new state level position to promote promote economic development in outdoor-based recreation and manufacturing in North Carolina.
