Adidas To Sponsor Boca Juniors
Adidas will replace Nike as the kit sponsor of Boca Juniors beginning in 2020 in a ten-year deal. Nike has been with the Argentina football club for 23 years.
Big 5’s Q2 Earnings Top Guidance
Big 5 Sporting Goods Corp. notched a profit against a loss in the second quarter ended June 30 as same-store sales rose for the third consecutive quarter. Earnings arrived above guidance. Increased traffic in California in June in advance of new ammunition legislation that took effect in July boosted sales in the period.
Lowa Acquires Italy’s Riko Sport
Lowa Sportschuhe GmbH has acquired the Italian shoe specialist Riko Sport S.r.l., a core supplier of Lowa’s footwear.
Jofit Partners With Team USA For 2019 Solheim Cup
Jofit, the maker of women’s golf, tennis and fitness apparel, has signed on as the official apparel sponsor of Team USA in the 2019 Solheim Cup.
Golf Rounds Played Flat In June
According to Golf Datatech, golf rounds played in the U.S. were flat in June, held back by a steep decline in the South Central region. Year to date, golf rounds played are down 1.0 percent.
5.11 Tactical Opens 50th Company Owned Retail Store
5.11 Tactical will open its 50th company-owned retail store in Fort Bliss, TX, this week. The store marks the completion of an initiative established in 2014 to launch and expand company-owned retail stores across the country, aiming for 50 stores by the middle of this year.
VF Corp. Appoints Michel Bilodeau As VP, GM, Vans EMEA
VF Corp. on Tuesday announced the appointment of Michel Bilodeau as vice president and general manager of Vans EMEA. Currently serving as the vice president and general manager of VF outdoor & action sports for Canada, Bilodeau will transition into his new role by October 2019.
Newell Brands Appoints Ravi Saligram As CEO
Newell Brands on Tuesday announced the appointment of Ravi Saligram as president and CEO, and a member of the Newell Brands board of directors, effective October 2.
Under Armour Posts Q2 Loss, Lowers Outlook For North America
Under Armour Inc. reported a loss of $17 million in the second quarter on modest revenue growth. The loss came in just ahead of Wall Street’s targets while sales were slightly below. Under Armour maintained its guidance for EPS and top-line growth for the year but raised expectations for operating profit growth and reduced growth targets in North America.
Shimano Lowers Outlook As First-Half Earnings Slip
Shimano Inc. reported net earnings slid 10.6 percent in the six months ended July 29 as sales grew 4.1 percent. The Japanese-based firm slightly lowered its guidance for the year.
NBA Legend Kevin Garnett Acquires Hoop It Up Basketball Tour
Kevin Garnett, former NBA Most Valuable Player, 15-time All Star and NBA World Champion, has acquired the Hoop It Up basketball tour. Financial terms of the deal were not disclosed.
Nordstrom Names Ann Munson Steines General Counsel
Nordstrom Inc. on Monday announced Ann Munson Steines has joined the company as executive vice president, general counsel and corporate secretary.
Montane Appoints New Global Marketing Manager
Montane on Monday announced the appointment of Matt Hickman as its new global marketing manager, where he will be responsible for the delivery of the brand’s marketing strategy and e-commerce goals.
Under Armour CEO, Athletes Defend Baltimore
Under Armour CEO Kevin Plank took to Instagram and one of the brand’s top endorsers, NBA star Stephen Curry, took to Twitter over the weekend to defend Under Armour’s hometown of Baltimore after President Donald Trump attacked the city and its congressional representative, Elijah Cummings.
Vans Becomes Presenting Sponsor Of World Surfing Games
The International Surfing Association (ISA) said Vans has signed on as Presenting Sponsor for the 2019 ISA World Surfing Games (WSG) in Miyazaki, Japan. The inclusion marks the first time in ISA history that Vans has been associated with the World Surfing Games.
