Sean O’Hollaren, senior vice president, government and public affairs at Nike, was elected for a three-year term as chairman of a renewed board at the World Federation of the Sporting Goods Industry (WFSGI).
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VF Outdoor And Wolverine Lead Eastern Outfitters’ Unsecured Creditors List
VF Outdoor, Wolverine World Wide, Carhartt and Under Armour were among those left with the largest unpaid bills in the bankruptcy case of Eastern Outfitters, the parent of Eastern Mountain Sports (EMS) and Bob’s Stores.
Adidas To Sponsor Rutgers
Adidas reportedly reached an agreement to replace Nike as the outfitter of Rutgers.
Puma’s Parent The Latest To Protest Travel Ban
François-Henri Pinault, chairman and CEO of Kering, the parent of Puma and Volcom as well as Gucci, Yves Saint Laurent and other luxury brands, has joined a number of executives protesting President Trump’s executive order blocking immigrants.
Calloway Golf Benefiting From Competitor Exits
On a conference call with analysts, Chip Brewer, president and CEO, described market conditions as “choppy with softness in both Asia and Americas.” But he said the overall golf market is becoming more rational, which bodes well for the long run.
Under Armour’s Debt Ratings Cut To Junk Status
Said S&P analyst Mariola Borysiak, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12 percent range, which results in leverage slightly below 3x.”
S&P Strips Under Armour Of Investment-Grade Rating
S&P wrote, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12% range, which results in leverage slightly below 3.0x.”
Luke’s Locker Looks To Rebound In Bankruptcy Court
The company plans to reorganize in the near term around three locations in the Dallas/Fort Worth area. Company president Matt Lucas vowed to reestablish the Luke’s Locker franchise to support the North Texas running community.
Flywheel Sports Appoints Gatorade Exec As New CEO
The new head of the indoor cycling brand served as global president of Gatorade, where she led the business through a repositioning and business turnaround.
Adidas Issues Response To President Trump’s Travel Ban
Adidas’ statement reads in part, “We at Adidas are proud to bring this positive power of sport to life every day at work and we cherish the diverse, international workforce we have around the globe.”
Performance Sports Group To Be Sold To Stalking Horse Bidder
With the sale to Sagard Capital and Fairfax Financial, the company can continue restructuring efforts initiated by Harlan Kent, who was hired as CEO in June 2016.
Pensole Partners With Foot Locker Again
Pensole Footwear Design Academy announced the kickoff and schedule for the 2017 World Sneaker Championship (WSC) – Powered by Foot Locker
Tiger Woods Switching To TaylorMade Golf Clubs
Tiger Woods, who had been using Nike equipment since turning pro in 1996, signed a multi-year contract with TaylorMade for all clubs except the putter.
Fitness Trackers … How accurate is the data? Does it really matter?
The future of fitness data could mean refining our tech, collecting more stats or taking a step backwards.
What Does Trans-Pacific Partnership’s Exit Signal For Free Trade?
Nike, Dick’s Sporting Goods, The North Face and Under Armour all openly supported the ambitious Pacific-Rim trade pact. New Balance and Patagonia stood out in the industry for opposing the deal.
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