Louisville Fires Rick Pitino Amid Federal Bribery Investigation
The University of Louisville Athletic Association voted unanimously to fire its legendary basketball coach Rick Pitino after the university confirmed it is included in the FBI’s investigation into corruption in college basketball recruiting.
Vail Resorts Acquires Three Locations
Vail Resorts Retail (VRR) announced that it has entered an agreement to purchase the assets of three outdoor retail stores on historic Main Street in Breckenridge, including The North Face, Columbia and Main Street Outlet, from long-time Breckenridge Ski Enterprise owners, Steve and Susan Lapinsohn.
Toad&Co Names New National Sales Manager
Nina Brito joined the Toad&Co family in 2012 and is a former buyer, service rep and operations manager. In her most recent role, she managed dealer sales.
Humon Wins HYPE Foundation’s Innovation Competition
The HYPE Foundation, a platform that connects and invests in sports innovation, in partnership with Asics and WeWork, announced that Humon, a fitness wearable start-up, has won the Global Sports Innovation (Spin) Competition that took place in Boston on October 12.
NRF Supports NAFTA
National Retail Federation President and CEO Matthew Shay said in an op-ed published on The Hill that the United States should work to modernize the North American Free Trade Agreement but should not withdraw from the agreement.
Industrial Revolution Adds Two New Rep Groups
Wild Moon LLC and Pacific Recreation Sales Inc. will help IR continue to grow and service its specialty and national chains in two strategic territories.
Fanatics Forms Fanatics College Division
Fanatics has acquired the collegiate licensing services practice of Atlanta-based Fermata Partners from CAA Sports, while forming Fanatics College, a new division of the company specifically servicing collegiate partners across the country.
Hibbett Sports Launches Social Media Sneaker Contest
Hibbett Sports announced a new social media contest in honor of National Sneaker Day on November 5. The month-long promotion will kick off on October 16, 2017 and one weekly giveaway recipient will be selected each Friday until November 17, 2017.
Dick’s Sets Openings For Five Stores
Stores will open in Ellicott City, MD; Fairview Heights, IL; and Tukwila, Tacoma and Bellevue, WA.
Nordstrom Suspends Efforts To Go Private This Year
Nordstrom Inc. announced that members of the Nordstrom family have notified the Special Committee of the Board of Directors of Nordstrom that they have suspended active exploration, for the balance of the year, of the possibility of proposing a transaction to take the company private.
Amazon Working On Athleisure Line
Amazon has partnered with two well-known Taiwanese sportswear manufacturers – Eclat Textile Company and Makalot Industrial Co. – to develop its own line of athletic apparel, according to a report from Bloomberg.
Nike Runs Rare Flash Sale
Nike last week ran a 48-hour Nike Flash Sale offering discounts as much as 40 percent on more than 200 items on its website.
Zappos Offers To Cover Funeral Costs Of Las Vegas Victims
Zappos has started a fund to help families of victims of the Las Vegas massacre cover funeral costs and vowed to match up to $1 million in donations.
September Retail Sales Up After Hurricanes Increase Demand For Building Supplies
Retail sales in September increased 0.5 percent over August on a seasonally adjusted basis and were up 3.2 percent year-over-year unadjusted, according to calculations released by the National Retail Federation.
Report: Puma To Sponsor AC Milan
Puma is set to replace Adidas as the kit provider to AC Milan, according to Calciomercato.com.
