Sporting Goods Industry News for August 17, 2018
The wholesale value of the sports apparel market reached $80,436 million in 2017 compared to $78,282 million for the prior year as solid gains in Europe and Asia/Pacific helped overcome a relatively flat performance in the U.S. market and a decline in the struggling Latin American and emerging markets.
Vulcabras Azaleia group, which derives most of its revenues from the affordable Olympikus brand of athletic footwear, said it is in negotiations for the acquisition of Under Armour’s five-year-old Brazilian sales subsidiary.
TNF is suing an as yet unidentified New York financial institution that is attempting to sell 180,646 pieces of The North Face branded apparel that was originally manufactured for the Russian market.
Reebok named the former Nike head of global basketball footwear to lead its Classics division.