Under Armour, Inc.'s board of directors approved the issuance of the company's new Class C non-voting common stock. The Class C stock will be issued through a stock dividend on a one-for-one basis to all existing holders of Under Armour's Class A and Class...
Kering, the parent of Puma and Volcom, has sold the Electric accessories brand through a management buyout to a group led by Eric Crane, Electric’s chief executive officer. The transaction, which is effective Mar. 16, includes all the assets of Electric and the rights attached...
Nike, Inc. (NYSE:NKE), through its strategic partnerships team, has taken a minority investment in CA-based start-up, Reflektion -- an online retail predictive analytics. Reflektion announced in early March 2016 that it secured Series B round funding....
VF Corporation, which owns Eagle Creek, The North Face, Smartwool, Timberland, Vans and other outdoor and action sports brands, is partnering with the World Bank Group to help its supplier factories in Vietnam use water, energy and other resources more efficiently....
Li Ning Co Ltd posted a profit in 2015 following three consecutive years of losses. The China-based sports giant posted an annual net profit of 14.3 million yuan ($2.2 million), compared with a 781.5 million yuan loss a year ago. Revenue rose 17 percent to...
Li & Fung Limited, which designs, sources and distributes consumer goods for many of the world's leading consumer brands, reported sales 2.4 percent to $18.8 billion in 2015. “2015 was a challenging year," said Spencer Fung, Group Chief Executive Officer of Li & Fung. ...
Jitters in China. Weak U.S. retail sales. What can we expect this peak season? The Port of Long Beach’s 12th annual Pulse of the Ports Peak Season Forecast breakfast is scheduled for Wednesday, March 30 from 7 to 10 a.m.. A well-regarded panel of industry...
I just got to try on new Nikes that I never have to lace up, the futuristic sneaks Nike has been talking about for years. Unveiled to much hoopla at a New York event Wednesday, Nike HyperAdapt 1.0 has power-operated laces. As soon as you...
Iconix Brand Group Inc. said it has delayed the filing of its Form 10-K for the year ended Dec. 31, 2015, beyond the March 15, 2016 extended filing due date. As previously disclosed in the company's Form 8-K on Feb. 18, 2016 the company is...
The Skechers Foundation celebrated its seventh annual Skechers Pier to Pier Friendship Walk with a check presentation ceremony on Thursday, Mar. 10 at the Shade Hotel in Manhattan Beach, CA. The Foundation presented its largest donation totals in the history of the walk: $434,000 for...