SGB Update Apparel
Sears To Close 80 More Sears And Kmart Doors By March
Sears Holdings, in bankruptcy proceedings since October, revealed 80 more Sears and Kmart stores it plans to close in late March 2019.
Golf Rounds Tumble In November
According to Golf Datatech, golf rounds played fell 18.8 percent in November. The steepest declines were seen in East North Central, WestNorth Central, New England and South Central.
Newell Brands Completes Divestitures Of Pure Fishing And Jostens
Newell Brands Inc. announced that it has completed divestitures of two businesses, Pure Fishing and Jostens, as the company continues to execute on its Accelerated Transformation Plan, designed to create a simpler, faster, stronger consumer-focused portfolio of leading brands.
MTV’s SnowGlobe Expands Sponsorship Program For 2018 Festival
MTV’s SnowGlobe Music Festival announced an expanded sponsorship program for the festival’s eighth installment on December 29-31, 2018, in South Lake Tahoe, CA. The annual three-day event welcomes more than 20,000 fans each day with a mix of musical performances, live action sports, and interactive art exhibitions.
Twitter CEO And NBA Commissioner To Discuss Partnership At CES 2019
The Consumer Technology Association (CTA) announced that Twitter CEO Jack Dorsey and NBA Commissioner Adam Silver will sit down for a conversation with ESPN anchor Rachel Nichols at CES 2019. The session, #NBATwitter: A Conversation with Adam Silver and Jack Dorsey, will discuss their innovative partnership, the NBA’s approach to sports technology with a spotlight on #NBATwitter and the reasons the vibrant community continues to flourish.
Report: USA Cycling To Hire Rob DeMartini As CEO
USA Cycling plans to hire Rob DeMartini, who is stepping down as New Balance’s president and CEO at the close of the year, as its new CEO, according to Cycling News. He replaces outgoing CEO Derek Bouchard-Hall.
Amazon Sees Record Holiday Sales
Amazon announced a “record-breaking holiday season” with athleisure cited as a “top trend” and Nike, Adidas, Carhartt and Champion landing on its top-sellers list.
Mastercard: U.S. Retail Sales Grew 5.1 Percent This Holiday Season
According to Mastercard SpendingPulse, which provides insights into overall retail spending trends across all payment types, including cash and check, holiday sales increased 5.1 percent to more than $850 billion this year – the strongest growth in the last six years. Online shopping also saw large gains of 19.1 percent compared to 2017. The apparel category saw its strongest growth since 2010.
Mastercard: Online Shopping Shines Bright This Holiday Season
Consumers are on track to spend more online than ever before this holiday season, according to Mastercard SpendingPulse. U.S. e-commerce sales trotted off to a strong start just before Thanksgiving, and grew 18.3 percent year-over-year in the period from November 1 through December 19.
States Scramble To Keep National Parks Open
A number of parks are digging into their own treasuries to keep their federal properties, including national parks, open and maintained during the partial government shutdown, according to reports. The shutdown, which began on Saturday, affected national parks unevenly, some still accessible with bare-bones staffing levels, some operating with money from states or charitable groups and others locked off.
Cycling App Zwift Raises $120 Million In Funding
Zwift, a multiplayer online training and racing platform for cyclists and runners, announced $120 million in funding, reflecting its commitment both to growing its new running discipline and also to expanding into esports.
Top of the World Signs New Licensing Partnership With UConn
Top of the World, a leading collegiate apparel and headwear licensee, has inked a deal with the University of Connecticut to become the school’s exclusive apparel and headwear licensee in all mass channels of distribution.
PepWear Partners With Music For All
PepWear and Music for All have agreed to a new 10-year merchandise and sponsorship agreement.
Adidas Sets 2019 Rivals Camp Series
Rivals, Next College Student Athlete (NCSA), and Adidas announced the third-annual Rivals Camp Series, featuring the Rivals adizero Combines. All combines are free and open to current high school football players.
Nike Inc. Names G. Scott Uzzell President And CEO of Converse
Nike Inc. announced that effective January 22, 2019, G. Scott Uzzell will become president and CEO of Converse, Inc. Uzzell comes to Converse from The Coca-Cola Company where he most recently served as president, Venturing & Emerging Brands Group (VEB).
