Golden Gate Capital On Course to Take Control of PacSun
With no additional bids for the business, Pacific Sunwear of California, Inc. (PacSun) cancelled its scheduled June 22 auction, paving the way for Golden Gate Capital to take ownership of the company.
Foot Locker Premieres Ben Simmons Spots
Foot Locker, Inc. the New York-based specialty athletic retailer, launched two 30-second commercials featuring top Draft prospect Ben Simmons.
Hoka One One Names Senior Sports Marketing Manager
Hoka One One welcomed Michael McManus as its senior sports marketing manager.
Amid Bankruptcies, Brands Flock Toward Specialty at Grassroots Show
With an expected excess of inventory to hit the active-lifestyle market following several high-profile, big-box retail bankruptcies in the space, brands at the Spring Grassroots Outdoor Alliance Show in Albuquerque, NM (June 13-17) were doubling down on their partnerships with these smaller, but more influential group of retailers.
Lamo Sheepskin Inc. Moves Corporate Offices
Lamo Sheepskin, Inc. moved its corporate offices from Ontario to Corona, CA, and transitioned to a new third-party logistics provider.
Under Armour Sets Final Ratio For Class C Stock Dividend
Under Armour Inc. announced the final distribution ratio for its upcoming $59 million dividend to holders of the company’s Class C non-voting common stock in satisfaction of the previously announced settlement agreement.
Senate Passes Defense Bill With Amendment On Made-In-America Athletic Shoes
The U.S. Senate passed a defense bill with language requiring the Pentagon to buy US-made athletic shoes for military recruits. The legislation is expected to offer a big benefit to New Balance.
Oofos Implements Locally Product Locator
Oofos, the maker of recovery footwear, has partnered with Locally, the online-to-offline shopping platform.
Adidas Sees Double-Digit Jump in Soccer in 2016
Adidas announced that its global football (soccer) business is expected to reach new record sales of €2.5 billion in 2016, representing a 13.6 percent gain over €2.2 billion in 2015.
The Finish Line Youth Foundation Grants More Than $190,000
The Finish Line Youth Foundation Grants More Than $190,000
Stride Rite Selects U.S. PR Agency of Record
Stride Rite, a division of Wolverine World Wide, Inc., named 360 Public Relations its U.S. agency of record.
Acushnet Files for Initial Public Offering
Acushnet Holdings Corp, which Titleist and FootJoy, filed for an initial public offering hoping to raise up to $100 million by selling shares to the public.
ANTA Sports Charts Record Sales for Warriors’ Thompson Shoes
ANTA Sports Products Limited, a leading sportswear company in China, issued that Klay Thompson’s sneaker line, the ANTA KT series, surpassed the 650,000 pair mark.
Brooks Running Names 2016 Inspiring Coach of the Year
Brooks Running Company named Ashley Wiles, founder of Sole Girls, the 2016 Inspiring Coach of the Year.
Newell Brands to Divest $250-300 Million That Could Include Active-Lifestyle Brands
Newell Brands, which now owns more than 50 sporting goods and outdoor brands after its recent acquisition of Jarden Corp., announced this week it has plans to divest product lines with combined annual sales of $250-to-$300 million over the next two to three years.
