January 29, 2020
While the pandemic is certainly going to be a negative on retail sales in a key market, the far larger impact will likely be on the global supply chain as the Chinese government has ordered extensions on Chinese New Year celebrations to help counter the spread of the Coronavirus.
At Michael Avenatti’s trial for attempting to extort the Eager Beavertons, defense attorney Howard Srebnick told the jury that Nike is facing an SEC probe based on evidence handed over by the Justice Department, Bloomberg reported.
Contradicting earlier reports that World Athletics would probably ban the super fast running shoes from competition, The Guardian reported that a blanket prohibition on wearing the shoes was unlikely.
The face of Under Dog basketball had considered terminating his endorsement deal with the company during tense 2018 contract negotiations, the New York Times reported.
Just over half of Americans participated in outdoor recreation at least once in 2018, according to the latest report from OIA’s Outdoor Foundation, with just 33.2% of respondents moderately active—going on outings about once a month—compared to 35.1% in 2008.
The Asics subsidiary made an unspecified investment in Japanese startup No New Folk Studio, developer of the Orphe Track sensing solution, which measures and analyses foot movement.
One of the pioneers of the American ski business, John Fry died Jan. 24 of an apparent stroke while floating in quiet waters off a beach in Puerto Rico. He had turned 90 two days earlier.