Adidas to Open Speedfactory in U.S. in 2017
Adidas Group at an investor event today in Herzogenaurach confirmed plans to open a Speedfactory facility in the U.S. at the end of next year.
TomTom Reports Strong Sports Sales in Q2
TomTom reported strong growth of smart watches and other sports products could not offset declines in its legacy personal navigation devices, or PND, devices in the second quarter.
Under Armour Leads in Most Valuable College Deals
Under Armour holds four of the top ten most valuable college sports apparel deals, according to Forbes. Nike, not surprisingly, holds a wide majority of the top 65 college deals.
Nike Appoints VP of Running
Nike Inc. announced that Steve Lesnard will become VP, GM of global running, succeeding Patrick Seehafer who will become VP, Europe Merchandising.
Under Armour Spends $70.3 Million on New Headquarters Site
Under Armour reportedly purchased land in Port Covington, one of the largest urban renewals projects in the country taking place on the Baltimore, MD waterfront, in what The Baltimore Sun purports would be the brands new headquarters. The space cost the brand $70.3 million.
Smith & Wesson Moves into Knives
Showing its commitment to invest in its accessories division and diversify from firearms, Smith & Wesson Holding Corp reached a definitive agreement to purchase substantially all of the assets of Taylor Brands, LLC, a leading supplier of knives and outdoor tools.
Tory Sport Expands to Honolulu
Tory Burch’s activewear brand Tory Sport is scouting a retail location in Honolulu.
Kmart Launches Risewear Footwear Brand
Kmart launched the first of seven slam dunk contests it will hold in store parking lots this summer to launch the Risewear athleisure footwear brand.
STYR Converts Health & Fitness Data into Customized Supplements
STYR Labs is bringing together activity tracking and nutrition supplement recommendation via kits that deliver personalized nutrition solutions.
Whoop Expands Market From Elites to Consumers
Whoop will begin marketing its wearable performance optimization system to consumers in time for the 2016 holiday season.
Planet Fitness to Open Second Club in Columbus
Planet Fitness, a health club franchise known for its “Judgement Free Zone,” plans to to open its second location in Columbus, GA.
ICSC: Back-to-School Sales Set for Smart Uptick
The International Council of Shopping Centers (ICSC) said its annual back-to-school survey predicts a robust BTS-selling season this year.
Callaway Golf Staff Pro Cards Championship Record
Callaway Golf Company congratulated Staff Professional Henrik Stenson for becoming Champion Golfer Of The Year.
Nike Looks to Lead on Race Relations
Nike’s Chairman and CEO Mark Parker sent a letter last Thursday to the company’s 32,000 employees understating Nike’s commitment to “racial justice” following the heightened tensions in black communities and the police. He also said Nike will hold meetings at Beaverton headquarters and in its NY, Chicago and LA offices to explore race issues.
ICSC Survey: BTS Sales Expected to Climb
The International Council of Shopping Centers (ICSC)’s annual back-to-school survey shows 78 percent of BTS shoppers expect to spend more this year, a significant increase compared with those who planned to do the same in 2015.
