Billabong Sells Sector 9
Billabong International Limited entered into an agreement to sell its skate hardware brand Sector 9 for approximately $12 million to an affiliate of Bravo Sports.
The North Face Names Explore Fund Winners
The North Face identified 45 non-profits that will be awarded grants through its Explore Fund, which this year favored programs activated in national parks.
Modern Meadow Raises $40MM Series B Round
Modern Meadow, the biofabrication company that grows animal-free leather made from living cells, announced a $40 million Series B round of financing led by Horizons Ventures and Iconiq Capital…
Nike Predicts North America Bounce Back
Nike Inc. surprised some investors by reporting lower-than-expected sales for its fiscal fourth quarter, ended May 31, despite barely beating expectations on earnings, as it was impacted in North America by tough year-ago comparisons due to last year’s West Coast port slowdown as well as the need to clean up excess inventories in the marketplace.
‘The Boz’ Makes the Cut at Vibram FiveFingers
Vibram USA launched an ambassador program for its Vibram FiveFingers articulated shoe brand by naming 17 personalities, including former NFL Pro Brian Bosworth, as brand ambassadors.
Adidas Forms Strategic Collaboration with China’s Wanda Group
Adidas said plans to start collaborating with the Chinese conglomerate Wanda, including a sponsorship deal for the two Ironman triathlon events in China.
Adidas Puts its Future in Kanye West, Provoks Social Backlash
Adidas announced the cementing of its long-term relationship with Kanye West in the company’s biggest collaboration with a non-athlete to-date.
Dick’s Relocates Store in Sterling Heights, MI
Dick’s Sporting Goods will be opening its relocated store on in Sterling Heights, MI (13000 Hall Road) on June 9, 2016.
Vasque Names Pinnacle Sales Agency of the Year
Vasque trail footwear honored New England-based Pinnacle Outdoor Group as its 2016 Sales Agency of the Year.
Nike Q4 Beats on Earnings, Misses on Revenue
Nike Inc. reported flat earnings in its fourth quarter ended May 31 due in part to the need to reduce inventories in North America but results still came in a penny ahead of Wall Street’s consensus estimate. Revenues gained 6 percent to $8.2 billion and were up 9 percent on a currency-neutral basis. Worldwide futures were up 11 percent on a currency-neutral basis.
Are Smart Shoes a Dumb Idea?
In the race to create fit-tracking footwear, we break down the specs we want and what Under Armour, Lenovo and other brands are promising to offer.
Ugg and Law Enforcement Seize Counterfeits in Raid
Ugg said it partnered with local and federal law enforcement agencies this week on Long Island, NY to identify over 3,660 pairs of fake Ugg products.
Under Armour Pushes to Overshadow Nike Earnings with New Innovation Center
Under Armour opened the doors to its new beehive for manufacturing and design innovation, dubbed the UA Lighthouse, in a strategic move to pull the spotlight from Nike’s fiscal fourth quarter earnings.
Modell’s and Sports Direct Fail To Make Sports Authority Bid
Modell’s Sporting Goods and Sports Direct International missed the deadline to make a bid for Sports Authority’s leases. Dick’s Sporting Goods reportedly put in a bid to acquire 17 leases.
United by Blue Opens Manhattan Store
United By Blue held grand opening celebrations for its first brand store in New York City June 24.
