Sporting Goods Industry News for February 18, 2020
It follows Anta as the second major Chinese brand to announce its results would be harmed by the epidemic because of closed stores, business disruption and production delays.
Fresh off a new £650 million ($846.7 mm) 10-year deal with Puma, the current number two team in the EPL standings was banned by UEFA from the Champions Cup for the next two seasons as the sport’s governing body for Europe ruled that it broke the rules on financial constraints and misled authorities during the investigation.
Sumitomo Rubber’s sports division saw operating income triple to ¥2,005 million ($18.4 mm) in the final quarter from ¥665 million on 13% higher revenues of ¥22,416 million ($206.2 mm) up from ¥19,878 million.
Net loss at the Japanese Daiwa fishing parent and Prince distributor was ¥6 million ($0.1 mm) in the seasonally slow fiscal third quarter ended Dec. 31 against a profit of ¥161 million prior, as revenues slipped 3% to ¥19,659 million ($180.9 mm) from ¥20,192 million.
DBI elevated EVP and President of its DSW retail operation William “Bill” L. Jordan to a new position as chief growth officer of Designer Brands, effective immediately.
Moody’s and S&P issued ratings on VFC’s proposed senior unsecured Euro-dominated notes on Tuesday, with Moody’s assigning its A3 rating and S&P its A issue-level rating.
YETI stockholders Cortec, the Seiders family, and other insiders are offering 15,000,000 shares of the company’s common stock in a public offering underwritten by BofA Securities.
Dubbed the FuelCell TC, NB’s entry into the high-stakes marathon sneaker category combines the FuelCell midsole foam cushioning with a full-length carbon plate.