September 26, 2017
Adidas head of sports marketing Jim Gatto is one of 10 persons who will be charged by federal authorities in New York for using bribes of as much as $150,000 to steer top high school prospects to D1 basketball programs, whose description closely matches Louisville and the University of Miami, and to get them to sign with Adidas after college.
The Eager Beavertons saw net income decline 24% to $950 million from $1,249 million for the first quarter ended Aug. 31 as sales were flat at $9,070 million against $9,061 million with a 3% decline in the U.S. market and a 16% decline at Converse offset by strong growth in China and moderate growth elsewhere.
Sen. Lindsay Graham (R-SC) introduced the Federal Firearms Licensee Protection Act that will include mandatory minimum penalties for thefts of firearms from retailers.
The bankrupt toy retailer closed on a financing facility that will enable it to stock up for Holiday as well as invest in the store renovation and modernization and e-commerce initiatives management considers essential to enable it to compete with Amazon.
Harden will lead the skate shoe brand as well as KR3W Denim Co. going forward for K-Swiss Global Brands, which owns K-Swiss, Palladium, PLDM, OTZ Shoes, Supra and KR3W.
Bravo Sports is recalling about 4,600 Pro-Tec City Lite and Pro-Tec Street Lite adult multisport helmets because the buckle on the helmet fails to meet current federal safety standards.