Sports Direct Reports Disappointing Fiscal Year Results
Sports Direct International plc, which pulled its bid for hundreds of Sports Authority stores last month, reported margins flatlined at its sporting goods retailing segment in the fiscal year ended April 24 as sales slowed in the back half of the year.
Sports Authority Settles Consignment Vendor Claims
Sports Authority reached an agreement that will allow it to sell pre-bankruptcy goods bought on consignment as part of its ongoing liquidation efforts.
Nike Ranks as Most Intimate Apparel Brand
MBLM, the Brand Intimacy Agency, reported that Nike was the top most intimate brand in the apparel industry in its annual ranking for 2015. The remaining brands part of the top 10 are: Levi’s, Under Armour, Adidas, Louis Vuitton, H&M, Puma.
L.L.Bean Pledges $1 Million to Support Island Explorer Bus System
L.L.Bean is making a new commitment of $1 million to Friends of Acadia in support of the Acadia National Park’s Island Explorer bus system.
Cleveland Cavaliers Top NBA Team Sales for 2015/2016 Season
Unprecedented demand for Cleveland Cavaliers merchandise following the team’s NBA Finals 2016 win helped land them atop the most popular team merchandise list for the first time since January 2015,
Sports Direct Profits Slide in Fiscal Year
Sports Direct reported underlying profit before taxes slumped 8.4 percent to £275.2 million in its year ended April 24 largely due to a hike in wages and slower sales in the second half of the year. Sales grew 2.5 percent to £2.9 billion.
Prior to its Headquarter Move, SIA’s New Leader Issues a Letter to the Trade
Snowsports Industries America (SIA) President Nick Sargent sent a letter to the snow sports trade on the morning of July 7 in preparation for the group to move headquarters to Park City.
Nike Sues WWE Over “Just Bring It” Phrase
Nike has filed a lawsuit against World Wrestling Entertainment Inc. (WWE) for the use of “Just Bring It” phrase made famous by Dwayne “The Rock” Johnson. Nike believes the mark is too similar to its “Just Do It” slogan.
Nike and Adidas To Co-Sponsor World Gay Soccer Championships
Nike and Adidas, in a rare collaboration, will each sponsor the 2016 International Gay and Lesbian Football Association World Championship, which will be held in Portland from August 6 to 13.
Adidas Scouts High-Level Yeezy Design Talent
Adidas wasn’t joking around when it announced big plans to build out the Adidas + Kanye West entity, as the company posted a slew of high-level design positions for the new label.
Centric Unveils Prototype Field Testing App For Apparel, Footwear And Hard Goods
Centric Software is debuting its new Field Testing mobile app on iOS, designed to help apparel, footwear and outdoor companies track both the usage and performance of prototypes and samples.
Olympics Predictions: U.S.A. Will Be Top Medal Winner
Gracenote refreshed its medal count predictions for the 2016 Summer Olympic Games in Rio based on new developments which will affect the competition.
Alibaba Unveils IP Enforcement Platform
Alibaba Group launched a initiative to streamline IP-related communications with brands at its inaugural Rights Holders Collaboration Summit.
Northside Consolidates Operations in New Headquarters
Northside is consolidating its operations at a custom-built, 110,000-square-foot complex that will put administration, accounting, design and development, operations and purchasing under one roof.
