The North American Soccer League (NASL) and Under Armour announced their official match ball partnership. Beginning this spring, the global sports brand’s custom-designed ball will be used on pitches across the league. "Under Armour has quickly become a major player in the global soccer scene,...
J. C. Penney Company Inc. reported comparable store sales grew 4.1 percent for the fourth quarter and 4.5 percent for the full year. This combination of strong sales growth, accelerated gross margins and disciplined expense reduction resulted in full year adjusted EBITDA of $715 million,...
Foot Locker Inc. reported earnings rose 8.2 percent in the fourth quarter to $158 million, or $1.14 a share. Adjusted earnings reached $1.16, exceeding Wall Street's consensus estimate of $1.12. Same-store sales rose 7.9 percent....
The European Union‘s top court upheld an appeal by Adidas after a rival company tried to trademark a shoe logo similar to Adidas‘ triple stripes. The court found that Adidas can trademark registration of parallel stripes on the side of sports shoes produced by other...
Sequential Brands Group Inc., the brand management company that owns Heelys, Avia and And1, reported total revenue and adjusted EBITDA increase 68.8 and 55.9 percent respectively in the fourth quarter ended Dec. 31, 2015. Revenue grew to $31.4 million, compared to $18.6 million in the...
Zappos.com is celebrating the extra day that occurs just once every four years in a big way. On Feb. 29, 2016, Zappos is giving all employees a paid day off and launching a petition with Change.org with a goal of at least 100,000 online petition...
Iconix Brand Group Inc. appointed John N. Haugh, formerly at Luxottica, as president and as a member of its board of directors. Haugh will become chief executive officer of Iconix on April 1. On April 1, Interim CEO Peter Cuneo will transition to executive chairman...
Skechers USA Inc. was named Brand of the Year for the second year in a row at the 2016 Footwear Industry Awards. Skechers was also awarded Ladies Brand of the Year; a commendation for Fashion Brand of the Year following the Company’s 2015 win in...
Adidas and Wanderlust, a producer of large-scale lifestyle festival events focusing on yoga, music and wellness, formed a multi-year partnership to bring an entirely new level of everyday fitness engagement to the millennial athletic enthusiast....
Phil Knight, Nike Chairman and co-founder, has pledged $400 million to Stanford University in an effort to recruit graduate students to the California institution to tackle the world's biggest social and environmental challenges, reports The New York Times....