Under Armour’s Q2 Profits Slump on Sports Authority Charge
Under Armour Inc. reported earnings tumbled 58 percent in the second quarter, weighed down by a previously-announced $23 million write-off of bad debt from the Sports Authority bankruptcy. Revenues jumped 28 percent.
Unsecured Creditors Seek Speedy Sports Authority Liquidation
The Unsecured Creditors Committee in the Sports Authority bankruptcy case is requesting that the case be converted from a Chapter 11 proceeding to a Chapter 7 case.
Michael Jordan Donates $2M Amid Racial and Police Tensions
Michael Jordan announced the grants of $1 million each to two organizations working to build trust between law enforcement and local communities.
Dick’s SG Sets Grand Re-Opening for Bloomington Store
Dick’s Sporting Goods will be opening its relocated store on Saturday, August 13 at Colonial Plaza in Bloomington, IL
G-III Apparel to Acquire Donna Karen
G-III Apparel Group Ltd., which owns a sizable fan apparel business and G.H. Bass, agreed to acquire Donna Karan International.
NRF Sees Gain in BTS Sales
The National Retail Federation’s annual back-to-school and college spending predicts total spending for K-12 and college is expected to reach $75.8 billion this year, up from last year’s $68 billion.
Off Broadway Shoe Warehouse Appoints Marketing Director
Off Broadway Shoe Warehouse appointed Craig Scheiderer as the company’s new marketing director.
Congress Supports Physical Activity Incentive
The Personal Health Investment Today (PHIT) Act (H.R.1218 & S.2218) received support from the 100th Member of Congress on July 18, 2016.
Will Nike Take CrossFit From Reebok?
By Jahla Seppanen At the 2016 Reebok CrossFit Games, July 19-24, Nike athlete Mat Fraser took his first win after coming in second the following two years. The 26-year-old’s victory shifted some attention away from the ever-growing CrossFit brand, Reebok, to the footwear/apparel giant Nike, who signed Fraser in December 2014 after an explosive debut […]
Molokai-2-Ohau Holds Paddleboard World Championships
The Moloka’i-2-O’ahu Paddleboard World Championships (M2O) will take place July 31, 2016.
Manchester United Partners with TAG Heuer
Manchester United has made TAG Heuer its new Official Timekeeper and Global Partner, as of July 25, 2016.
The three-year agreement between the Swiss Avant-Garde watchmaker and the football club was celebrated in Beijing with United players.
The first team is currently in China for Tour 2016 presented by Aon, preparing for the season ahead. To mark their arrival in the capital, players joined Manchester United Commercial Director Jamie Reigle and Loic Biver, Head of Marketing of LVMH Watch & Jewellery Greater China, to herald a new phase in their companies’ history with this global partnership.
United Ambassadors Ji-sung Park and Denis Irwin, two of the club’s most decorated players, were also at the event along with Leo Poon, TAG Heuer General Manager of Greater China.
When the team returns to launch its Premier League campaign for 2016/17, TAG Heuer will feature on digital advertising boards at Old Trafford. Specially-crafted TAG Heuer timepieces will be displayed around Manchester United’s stadium, including in the team’s dressing room, as well as the club’s Aon Training Complex and its offices in Manchester, London and Hong Kong. TAG Heuer branding and its brand motto, #DontCrackUnderPressure, will feature across all of Manchester United’s digital platforms, including its website and social media.
TAG Heuer has been a Swiss Avant-Garde watchmaker for 155 years, founded in the remote mountain village of Saint Imier in 1860, some 18 years before the formation of Newton Heath in Manchester.
Joining forces with Manchester United allows the company to extend its offering to United’s 659 million followers worldwide, 107 million of whom are from China.
Chuze Fitness Opens First Colorado Gym
Chuze Fitness, a national fitness center, will open its first Colorado location in Westminster, located at 8601 N. Sheridan Blvd. on July 27, 2016.
PSG to Appoint New Board Member
Performance Sports Group Ltd. shared that it anticipates appointing Paul Desmarais III, the Chairman of Sagard Capital Partners Management Corp., to its Board of Directors, effective around August 9, 2016.
Twitter to Live Broadcast MLB, NHL Games
Twitter is taking a turn to live sports broadcasting as the app inked a deal with Major League Baseball and the National Hockey League to live stream weekly out-of-market.
Accell Group’s Results Charged Up By E-Bikes
Accell Group N.V. reported sales rose 9.7 percent in its first half ended June 30, to €629.7 million ($690.5 mm), boosted by sales of electronic bikes. Profits expanded 6.6 percent to €34.0 million ($37.3 mm).
