October 21, 2019
The International Association of Athletics Federations, which oversees international running and track and field competition, is meeting to consider whether to ban the latest technologically advanced running shoes such as those worn by Eliud Kipchoge in last week’s sub-two-hour marathon run.
The 25-year veteran of the Big a who has been a member of the executive board since 2014 in charge of global brands, will be replaced by Brian Grevy, who most recently was CEO of Gant brands since 2018 and headed marketing there since 2016.
The president of Wilson since 2013 will become CEO and executive director of the governing organization for American tennis.
Revenue for the third quarter, the footwear maker’s largest, was off 2% to $447.9 million from $455.2 million with the shortfall attributed to it strategic decision to prioritize margin improvement over shipment volume growth.
Li Ning sales increased low-thirties overall in the third quarter, with owned brick-and-mortar retail up mid-teens, wholesale sales to franchisees up mid-thirties and e-commerce retail jumping mid-fifties.
Acai Activewear, which is based in Cheshire, UK, raised £350,000 pounds ($450,000) in a funding round led by Dow Schofield Watts Angels, Fashion United reported.
The National Shooting Sports Federation commented on our story about Academy, which is being sued by the Justice Department as the federal government is being sued over the Sutherland Springs, TX, massacre because the Defense Department failed to post data that would have disqualified the shooter from purchasing a gun.