HanesBrands To Divest Australian Flooring And Pillow Businesses
The businesses are noncore operations acquired as part of Hanes’ July 2016 purchase of Pacific Brands Limited of Australia.
Charles River Apparel Donates 2,900 Jackets
The Massachusetts-based manufacturer is donating jackets to Christmas In The City, a Boston-area organization that helps homeless kids and their families.
New Balance Sees Big Gains From ‘American-Made’ Military Provision
A provision requiring the Department of Defense to provide military recruits with American-made shoes could mean an additional 250,000 sneakers a year, according to Brendan Melley, New Balance’s director of manufacturing.
Wintry Weather Expected To Boost Weekend Sales
While the cold and snow will continue to drive seasonal merchandise into shoppers’ baskets, disruptions to store traffic and travel are anticipated to start the weekend, according to Planalytics.
GNC Shakes Up Cost Structure
GNC will shutter all doors on December 28 and reopen on December 29 with a new image and mindset that does away with its membership pricing tiers.
David Pruitt Out At Performance Bicycle
David Pruitt, Performance Bicycle’s CEO since 2011, stepped down last month following the company’s August sale to Advanced Sports International (ASI).
NBA Reaches Tentative Contract Agreement
The NBA and NBPA (National Basketball Players Association) have reached a tentative agreement on a new Collective Bargaining Agreement, pending ratification by players and team owners.
Adidas Recognized For Combating Forced Labor
Adidas ranked first in KnowTheChain’s ranking of the 20 largest global apparel & footwear companies on the steps they are taking to combat forced labor in their supply chain. Nike ranked No. 10 and Under Armour, No. 16.
In 2016, The M&A Train Kept Chugging Along
While the industry lacked many blockbuster deals, mergers & acquisitions continued at a steady clip in 2016. Here’s a round-up of all the M&A action.
LG Electronics Looks To Fitness Programming
The headphone manufacturer enlisted the help of Beverly Hills-based personal trainer Gunnar Peterson for a personalized LG workout program.
RECALL: Trek Bicycle Bontrager Flare RT And Ion 700 RT Lights
The lights may function intermittently when paired with a remote transmitter.
SFIA: Team Sports Participation Hits New High
Overall team sports participation reached its highest point since 2011, while core participation declined.
Gatorade Dubs National Football Player Of The Year
The Gatorade Company named Tate Martell of Bishop Gorman High School in Las Vegas, NV as its 2016-17 Gatorade National Football Player of the Year.
Bridgestone Golf Signs Tiger Woods
As part of the partnership, Woods will be featured in digital, social, print and broadcast marketing globally as a Bridgestone Golf ambassador.
24 Hour Fitness Opens In Valley Stream, NY
A grand opening event for the 40,622-square-foot club is scheduled for Saturday, December 17.
