Nike and the Chinese Athletics Association (CAA) signed a long-term partnership extension through to 2033. Nike first partnered with China’s athletics governing body in 2013 in a deal set to run from 2014 to 2021. The new agreement will last from 2022 to 2033, covering all...
Crocs Inc. raised its revenue guidance for the fourth quarter ended December 31, 2019 in anticipation of its presentation at the 2020 ICR Conference. “We delivered the strongest fourth quarter in Crocs’ history,” said Andrew Rees, president and chief executive officer. “Our positive brand momentum allowed...
Genesco Inc. announced that comparable sales, including both stores and direct sales, increased 2 percent for the quarter-to-date period ended January 9, 2020. Same-store sales decreased 1 percent and sales for the company’s e-commerce businesses increased 21 percent on a comparable basis for that period....
According to Mastercard SpendingPulse holiday retail sales increased 3.4 percent. Online sales grew 18.8 percent compared with growth of 1.2 percent for in-store sales. Digital’s 14.6 percent share of total sales was a new high, according to Mastercard. The overall results topped projections from Mastercard SpendingPulse calling...
P3R, which operates many of Pittsburgh’s running races, and Brooks Running announced another three-year partnership. Brooks will continue as the Official Apparel and Footwear Provider for all of P3R’s races including, but not limited to, the Dick’s Sporting Goods Pittsburgh Marathon weekend of events, Fleet...
Under Armour hired a chief accounting officer accounting and corporate controller on November 25, three weeks after publicly confirming that its accounting practices are being investigated by the federal government, according to a report in the Baltimore Business Journal. Under Armour confirmed the hiring of Aditya...
Reef Lifestyle, LLC announced it has entered into several new distribution agreements with leading footwear distributor partners across Europe, the Middle East and Africa (EMEA). The agreements include the following: Brandfusion Holland, BV (the Netherlands, Belgium and Luxembourg) Quality Brands GmbH (Germany, Austria, Switzerland, and France) ...
Nike Inc. will become Liverpool Football Club’s official kit provider beginning in the 2020/21 season as the company and club announced a multi-year agreement Tuesday. As official kit supplier, commencing June 1, Nike will outfit the men’s, women’s and academy squads, as well as the coaching...
Hudson’s Bay Company, the Canadian parent of Saks and Hudson Bay, agreed to an amended deal to be taken private for C$11 per share. The offer comes from an investor group led by the retailer’s chairman, Richard Baker, an increase from the group’s previous offer...
Asics announced the sponsorship of Borna Coric, Caroline Garcia and Iga Swiatek ahead of the start of the 2020 tennis season. Croatian talent Coric is currently ranked 28th in the world, had 2 ATP titles under his belt along with numerous victories over some of the...