LATEST – Page 269
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News briefs
Adidas and Burberry won a “Gold Class” award in the...
Adidas and Burberry won a “Gold Class” award in the Corporate Sustainability Assessment (CSA) carried out by RobecoSAM among 840 companies that are included in the Dow Jones Sustainability Index. Both companies got a score of 60 points or more. Kering, parent company of Puma, qualified for Silver Class with ...
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Article
Under Armour is no longer a star
After losing 33.1 percent of its market capitalization in the course of 2016 (see our previous issue), Under Armour is having a difficult start to 2017, after releasing weak fourth-quarter results, cutting its revenue guidance for the year and announcing the departure of its chief financial officer. It blamed “numerous ...
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Article
Trump antagonizes the industry
The statements recently made on immigration and foreign trade by the new U.S. president, Donald Trump, have created an uproar in many sectors of the U.S. economy, including the sporting goods, outdoor and fashion industries.Reacting to Trump's executive order banning refugees and visitors from seven countries where the Muslim religion ...
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News briefs
The Adidas Group has set up a “Storefactory” at a...
The Adidas Group has set up a “Storefactory” at a pop-up store in Berlin, Knit for You, where customers can design their customized merino wool sweater and have it made for them in the store within a few hours. Knit for You takes advantage of technologies such as body scanning ...
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News briefs
Adidas AG has completed the third tranche of a share...
Adidas AG has completed the third tranche of a share buyback program initiated on Nov. 7 and terminated on Jan. 31 as scheduled. The company bought 2,128,200 shares at an average share price of €140.96, for a total price of €299,999,851, including purchasing costs. These treasury shares represent 1.02 percent ...
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News briefs
VF Corp. has appointed Travis Campbell as brand president of...
VF Corp. has appointed Travis Campbell as brand president of Smartwool, effective Jan. 30. Campbell, who has 16 years of experience in the outdoor industry, most recently served as president and chief executive of Far Bank Enterprises, a maker and distributor of fly fishing products, owner of the Redington, Sage ...
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News briefs
Adidas and Wanderlust are launching a new co-branded yoga and...
Adidas and Wanderlust are launching a new co-branded yoga and training apparel collection, building on the multi-year partnership the two companies began in February 2016. The 42-piece collection includes tanks, tights, bras, pants, hoodies and a range of accessories. The color palette is inspired by the active calm of yoga ...
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News briefs
Hickies has announced two new major collaborations for 2017. Hickies...
Hickies has announced two new major collaborations for 2017. Hickies is the elastic lacing system launched by Gaston Frydlewski and his wife, Mariquel Weingarten, in 2012. In 2017, for the first time Hickies will be sold in the Adidas flagship stores in Berlin, Munich and Nürnberg. Additionally, in spring 2017, ...
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News briefs
Tiger Woods has returned to the PGA Tour with Taylormade...
Tiger Woods has returned to the PGA Tour with Taylormade clubs, after Nike decided to pull out of the golf equipment market, but the U.S. player remains a Nike partner for apparel and footwear. The Adidas Group decided last year to divest Taylormade equipment and other parts of its golf ...
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News briefs
Callaway Golf has announced an agreement with Michelle Wie to...
Callaway Golf has announced an agreement with Michelle Wie to become a company staff pro on the LPGA (Ladies Professional Golf Association) Tour. As a Full Callaway Staffer, she will play with Callaway clubs, balls and an Odyssey Putter. A 27-year-old native of Hawaii, Wie joined the LPGA Tour full-time ...
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News briefs
Reebok has announced a new long-term partnership with Teyana Taylor,...
Reebok has announced a new long-term partnership with Teyana Taylor, who becomes an official brand ambassador. The 25-year-old dancer and actress, who was born in Harlem, is the face of the re-release of the Reebok Classic Freestyle Hi, also known as the 54-11s. The shoe was first introduced in 1982, ...
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News briefs
Tyr Sport is helping to rehabilitate the image of Ryan...
Tyr Sport is helping to rehabilitate the image of Ryan Lochte through a new marketing campaign, “Just Let Me Work,” focusing on his charitable endeavors in the areas of muscular dystrophy and drowning awareness. Speedo and other brands decided to stop sponsoring the American swimming champion after he exaggerated an ...
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Short stops
Hermann Maier, the Austrian ski legend, will be honored with...
Hermann Maier, the Austrian ski legend, will be honored with the Ispo Cup as Sports Personality of the Year at Ispo Munich on Tuesday
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Sammy Calson is returning to the snow team of Dakine...
Sammy Calson is returning to the snow team of Dakine
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On Running has signed a sponsorship deal through the 2020...
On Running has signed a sponsorship deal through the 2020 Tokyo Olympics with the Spanish triathlon champion, Javier Gómez Noya
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Under Armour has signed a longterm extension of its sponsorship...
Under Armour has signed a longterm extension of its sponsorship contract with Anthony Joshua, the IBF heavyweight world Champion and Olympic gold medalist
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Roland Auschel, chief sales officer of the Adidas Group, will...
Roland Auschel, chief sales officer of the Adidas Group, will participate with other personalities including Kim Roether, president of Intersport Germany and Intersport International, in a symposium on digitalization in the industry on Monday during the Ispo trade show in Munich
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Article
Industry stocks were flat in 2016
After rising by 22.7 percent in 2015, the stock market capitalization of public companies in the sporting goods sector declined by 0.5 percent on a currency-neutral basis in 2016, dragged down by double-digit declines for major players like Nike, VF Corp. and Under Armour. Nike alone represented nearly 25 percent ...
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News briefs
Salomon, a subsidiary of Amer Sports, has appointed Guillaume Meyzenq...
Salomon, a subsidiary of Amer Sports, has appointed Guillaume Meyzenq as vice president in charge of the brand's footwear category. Meyzenq has been with Salomon since 1996. Most recently, he held the position of vice president of commercial footwear. In his new role, he will be responsible for innovation, design, ...
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News briefs
Lance Allega will be the new vice president of investor...
Lance Allega will be the new vice president of investor relations for Under Armour. He was vice president of investor relations and strategic accounts at VF Corp. for the past five years. A former manager at Andersen Consulting, he has been handling investor relations, marketing and other operations at other ...
