All News briefs articles – Page 468
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News briefs
Cherokee Brands, which owns Hi-Tec, posted net income of $63,000...
Cherokee Brands, which owns Hi-Tec, posted net income of $63,000 in the third quarter, turning around from a loss of $2.5 million in the same period of last year. Licensing revenues declined by 25 percent to $5.84 million because of the transition of several brands in Cherokee's portfolio to a ...
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News briefs
Under Armour suffered an 11 percent drop in its share...
Under Armour suffered an 11 percent drop in its share value after warning investors that its sales are likely to be flat in North America in 2019, growing overall by between 3 and 4 percent against a consensus estimate of 5 percent. On the other hand, the gross margin for ...
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News briefs
On Dec. 12, with a multi-year contract, the National Basketball...
On Dec. 12, with a multi-year contract, the National Basketball Association (NBA) made the Bauerfeind GenuTrain its official knee brace. The German orthotics maker began dealing with the NBA more than a decade ago, when professional players began using the original GenuTrain brace. At present, the official NBA brand ambassador ...
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News briefs
Outdoor Retailer has announced that all three shows in 2019...
Outdoor Retailer has announced that all three shows in 2019 will only last three days. The Summer Market in June and the Winter Market in November will move from four days to three, while the Snow Show in January remains a three-day event. All three shows will take place at ...
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News briefs
Primaloft has appointed Tanja Ederer, 25, to be its European...
Primaloft has appointed Tanja Ederer, 25, to be its European trade marketing assistant. Working out of the company's European headquarters in Taufkirchen, Germany, Ederer will be in charge of retail marketing: setting up trade fairs, POS activations and the Primaloft Training Tour. She will also handle the Banff Mountain Film ...
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News briefs
Moody's has assigned a Ba3 credit rating and a speculative...
Moody's has assigned a Ba3 credit rating and a speculative grade liquidity rating of SGL-2 to the proposed $480 million senior secured term loan that Callaway Golf is set to use to finance its acquisition of Jack Wolfskin (see our previous issue). It has also assigned a corporate family rating ...
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News briefs
In a communiqué released on Dec. 8, after a summit...
In a communiqué released on Dec. 8, after a summit of Olympic movement leaders, the International Olympic Committee (IOC) calls the inclusion of e-sports as medal events “premature” and in need of “further dialogue and study.” The IOC cites the divergent values of sports and e-sports, the latter being driven ...
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News briefs
According to the Wall Street Journal, Under Armour has fired...
According to the Wall Street Journal, Under Armour has fired Ryan Kuehl, senior vice president of global sports marketing, and Walker Jones, senior director of sports marketing. Both were part of the inner circle of Kevin Plank, the founder of the company. The company has made no comment, citing its ...
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News briefs
Adidas has taken Rafinha to court in Amsterdam, according to...
Adidas has taken Rafinha to court in Amsterdam, according to The Mirror, demanding that the Barcelona midfielder should pay a penalty of €100,000 for each day that he doesn't wear Adidas shoes in the field and Adidas apparel at all media appearances. The 25-year-old Brazilian football player, whose real name ...
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News briefs
Adidas has announced the completion of the first tranche of...
Adidas has announced the completion of the first tranche of a share buyback program, saying that it will give a total return to shareholders of more than €1.5 billion in 2018. The company bought back 5.1 million shares, corresponding to 2.5 percent of its equity, between March 22 and Dec. ...
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News briefs
Adidas has appointed a new chief information officer, Fumbi Chima,...
Adidas has appointed a new chief information officer, Fumbi Chima, replacing Michael Vögele who has left the company at his own request. Reporting to Harm Ohlmeyer, chief financial officer, she will take responsibility for the IT department from Jan. 1. A native of Nigeria, Fumbi comes from the Fox Network ...
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News briefs
Adidas is partnering with Foot Locker to launch the new...
Adidas is partnering with Foot Locker to launch the new Adidas Asterisk Collective, a platform empowering creative partners to propose initiatives that aim to positively impact communities all over the world. To celebrate the launch, the two companies tapped three musicians – Kid Cudi, Raury and H.E.R. – as well ...
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News briefs
Adidas has entered into a “perpetual, legacy partnership” with Stan...
Adidas has entered into a “perpetual, legacy partnership” with Stan Smith, the two-time Grand Slam tennis champion whose career lasted from 1969 to 1985. Adidas first collaborated with Smith on a famous shoe style in 1973 and is now releasing an updated version, with leather upper, rubber cupsole and white ...
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News briefs
Decathlon is expanding rapidly in Africa. It opened last month...
Decathlon is expanding rapidly in Africa. It opened last month its first store in Kenya, covering 1,500 square meters in the Hub Mall of Nairobi. An outdoor playground enables customers to try out new products and to discover new sports activities. The store will be supplied from a distribution center ...
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News briefs
Fischer Sports has signed a distribution agreement with Vauthi Speed...
Fischer Sports has signed a distribution agreement with Vauthi Speed Oy, one of Finland's leading manufacturers of ski wax. Fischer will add Vauhti's products to its own portfolio and sell them in Austria, Germany, Switzerland, France and Russia. The distribution via Fischer will start in the coming autumn. The two companies began ...
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News briefs
Fusalp, the French sportswear brand inspired by alpine skiing, has...
Fusalp, the French sportswear brand inspired by alpine skiing, has opened its sixth Parisian store. It is located in 177 rue Saint-Honoré, in Paris' 1st district and not far from the Louvre museum. The store, designed by Dillon Garris, sells the women's, men's and children's collections of the brand, alongside ...
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News briefs
Supra, the American producer skateboarding shoes owned by K-Swiss, has...
Supra, the American producer skateboarding shoes owned by K-Swiss, has partnered with Skullcandy, the American headphone maker, to co-brand some of their standard products. Supra's Breaker and Factor shoes will share a “blue iridium” color scheme with Skullcandy's Hesh 3 wireless headphones. The shoes are a limited-edition product release, ranging ...
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News briefs
Mizuno has signed its first deal with an American swimmer,...
Mizuno has signed its first deal with an American swimmer, Blake Pieroni, who belongs to the U.S. national team. The deal is a first also for Pieroni himself and for Mizuno USA as a subsidiary of the Japanese brand. Pieroni won a gold medal for the 400-meter freestyle relay at ...
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News briefs
Fischer Sports has announced the immediate departure of Ryan Leach...
Fischer Sports has announced the immediate departure of Ryan Leach from his position of its U.S. subsidiary in Auburn, New Hampshire. Franz Föttinger, the company's global CEO, will supervise the existing team of division managers.
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News briefs
Hohenstein has announced that it is joining the ZDHC (Zero...
Hohenstein has announced that it is joining the ZDHC (Zero Discharge of Hazardous Chemicals) Roadmap to Zero Programme. Hohenstein is an international accredited testing laboratory whose work mostly involves the testing and certification of textiles. The goal of the ZDHC Roadmap to Zero Programme is to eliminate the use of ...
