HanesBrands To Divest Australian Flooring And Pillow Businesses
The businesses are noncore operations acquired as part of Hanes’ July 2016 purchase of Pacific Brands Limited of Australia.
New Balance Sees Big Gains From ‘American-Made’ Military Provision
A provision requiring the Department of Defense to provide military recruits with American-made shoes could mean an additional 250,000 sneakers a year, according to Brendan Melley, New Balance’s director of manufacturing.
Wintry Weather Expected To Boost Weekend Sales
While the cold and snow will continue to drive seasonal merchandise into shoppers’ baskets, disruptions to store traffic and travel are anticipated to start the weekend, according to Planalytics.
David Pruitt Out At Performance Bicycle
David Pruitt, Performance Bicycle’s CEO since 2011, stepped down last month following the company’s August sale to Advanced Sports International (ASI).
NBA Reaches Tentative Contract Agreement
The NBA and NBPA (National Basketball Players Association) have reached a tentative agreement on a new Collective Bargaining Agreement, pending ratification by players and team owners.
Adidas Recognized For Combating Forced Labor
Adidas ranked first in KnowTheChain’s ranking of the 20 largest global apparel & footwear companies on the steps they are taking to combat forced labor in their supply chain. Nike ranked No. 10 and Under Armour, No. 16.
In 2016, The M&A Train Kept Chugging Along
While the industry lacked many blockbuster deals, mergers & acquisitions continued at a steady clip in 2016. Here’s a round-up of all the M&A action.
SFIA: Team Sports Participation Hits New High
Overall team sports participation reached its highest point since 2011, while core participation declined.
K2 Skis Hires Former Atomic, Salomon Talent For Retail Marketing Role
K2 Skis welcomed Andrew Tiner to the company as new retail marketing specialist.
Bridgestone Golf Signs Tiger Woods
As part of the partnership, Woods will be featured in digital, social, print and broadcast marketing globally as a Bridgestone Golf ambassador.
Vasque Appoints International Sales Manager
Joel Lee, who brings more than 14 years of experience at Black Diamond Equipment, will head up leadership of the company’s international distributors and Canadian representatives.
Hi-Tec Licensed To Carolina Footwear For North America
The master agreement with Carolina Footwear grants the rights to manufacture and sell Hi-Tec and Magnum-branded footwear for men, women and kids, along with additional products in the adult outdoor and active footwear categories.
Nike Takes On Screens In Running Ad
Nike surprised the advertising community in its latest ad campaign by using a barebones approach and taking on TV, movies and social media use in encouraging people to run.
November Sales Climb 5 Percent Year Over Year
Sales at sporting goods stores decreased 1 percent seasonally adjusted over the previous month and increased 1.6 percent unadjusted year over year.
Oofos To Launch First Shoe
The line, Oomg, will initially launch with two different slip-on styles for women and features unique midsole construction to preserve the Oofoam impact.
