January 03, 2019 Foot Locker Takes Stake in Super Heroic Kids Sneaker
Big Foot said it would invest $3 million for a minority stake in SuperHeroic, a kids’ footwear maker also backed by Magic Johnson that has raised $10 million since it was founded in 2016. Hoopgate Update: A Plea and Two Trials
Former USC assistant basketball coach Tony Bland, who was scheduled to stand trial in April, pleaded guilty to conspiracy to commit bribery for accepting a $4,100 payment from an undercover FBI agent via business manager Christian Dawkins. Former Hanesbrands Exec Sentenced to Prison for Embezzlement
Hilton Graham received a sentence of 56 to 80 months in prison and will pay restitution to HBI for embezzling an estimated $1.8 million from the company by falsifying invoices and expense reports, the Winston-Salem Journal reported. Kathmandu Lowers Guidance on Weak December Sales
The down-under outdoor retailer tempered its profit expectations for the fiscal first half ending Jan. 31 after Dec. sales disappointed, pulling same store sales down 1.0% for the 22 weeks ended Dec. 30. Lontex Sues Nike over Cool Compression
The Norristown, PA-based compression wear manufacturer claims that the Eager Beavertons are selling apparel using its Cool Compression trademark, in a lawsuit filed in Philadelphia federal court. SRAM Elevates Ken Lousberg to CEO
The former Terex president joined SRAM as COO in 2017, and will replace company co-founder Stan Day in the top job effective immediately. Etcetera: Outdoor Voices, Puma, True Spec Golf
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