Nike Inc. Acquires Data Science And Demand Sensing Firm Celect
Nike Inc. has acquired Celect, a leading retail predictive analytics and demand sensing firm based in Boston. Celect is Nike’s latest acquisition fueling its Consumer Direct Offense strategy, serving consumers personally at a global scale. Financial terms of the deal weren’t disclosed.
Conservation Alliance Hosts Backyard Collective Event In Portland, OR
The Conservation Alliance held its Backyard Collective event in Portland, OR, on Thursday, August 1, drawing 290 volunteers from 13 member companies, three conservation partners and one local nonprofit.
LeeMarc Industries Announces Sales Team Restructuring
LeeMarc Industries, parent company of Canari and Shebeest brands, on Tuesday announced a restructuring of its sales team.
Nike Signs Deal With The University Of Alaska Fairbanks
Nike signed a five-year deal to outfit the athletic teams of the University of Alaska Fairbanks. BSN Sports will supply the merchandise as part of the initiative.
QBP To Purchase Barnett Bicycle Institute
Quality Bicycle Products (QBP) announced it has signed a purchase agreement to acquire Barnett Bicycle Institute (BBI) from the National Bicycle Dealers Association (NBDA).
Skechers And Adidas Settle Lawsuit Over Striped Shoes
Skechers has asked the U.S. District Court for the Central District of California to dismiss a trademark infringement suit without prejudice. The lawsuit involved one of its styles which Adidas claimed infringes its three-stripe trademark.
Pro-Tec Athletics Appoints VP Of Sales
Pro-Tec Athletics welcomed Carlos Serrano as its new director of sales. Serrano joins Pro-Tec with over 13 years of experience in sales, including more than eight years with Merrell in the sporting goods/outdoor industry.
Super Heroic To Develop Nerf Apparel And Footwear Line
Hasbro Inc. and Super Heroic Inc., the kids sneaker brand, announced a licensing agreement to bring Nerf-branded kids’ apparel and footwear to market this August. The line will be available at select Foot Locker and Kids Foot Locker stores.
Barneys New York Files For Bankruptcy Protection
Barneys New York filed for bankruptcy protection and announced plans to close 15 of its locations.
Garmin Adds Golf Legend Greg Norman As Ambassador
Garmin announced a new partnership with golf legend and businessman Greg Norman to be its global brand ambassador.
Trade War Escalates With Currency Manipulation Charges
China allowed its currency to drop sharply on Monday to the weakest level in more than a decade, prompting the Trump administration to take the historic step of labeling China a currency manipulator.
Xtep Closes K-Swiss Acquisition
Xtep, the China-based sports company, closed its acquisition of E-Land Footwear USA Holdings Inc., the owner of the K-Swiss, Palladium, Supra, PLDM and KR3W brands for $260 million.
The North Face Announces 2019 Explore Fund Grant Recipients
The North Face announced the 2019 Explore Fund Grant recipients, welcoming a new class of 42 organizations enabling exploration for all.
Clarus’ Revenue Ticks Up As Earnings Slip
Clarus Corp. on Monday reported second-quarter revenue increased 2 percent to $47 million, which beat analysts’ estimates by $1.3 million. Adjusted net income before non-cash items was $1.5 million, or 5 cents per diluted share, compared to $2.6 million, or 9 cents per diluted share in the year-ago quarter. That missed Wall Street’s estimates by 2 cents a share.
Gaia Sees Robust Subscriber Growth In Q2
Gaia, Inc. reported a 32 percent increase in revenues in the second quarter, driven by 26 percent subscriber growth. Subscriber count increased to 582,200 as of June 29, 2019 from 463,200 on June 30, 2018. The loss from operations was reduced 30 percent to $4.5 million “We continue to make meaningful progress on improving the […]
