Skechers sued Adidas in federal court this week claiming unfair competition after the brand sent hundreds of thousands of dollars in secret payments to high school and college athletes in return for them wearing Adidas.
Edgewell Personal Care Company announced it has completed the acquisition of Texas-based luxury men's skincare company Jack Black, LLC. The brand was ranked the #1 best-selling men's skincare brand for 2017 by NPD Group.
According to NPD Group's recent research, millennials have slowed their purchasing so much that retail sales for athleisure and e-commerce, which previously showed double digit growth, shrunk to only 4% growth last year.
The US athletic footwear sector grew by 2 per cent last year, generating $19.6 billion in sales, according to The NPD Group. Unit sales grew by 2 per cent and average selling price remained flat, at $58.16.
Snowboard brand ThirtyTwo has announced it is launching a new apparel collection called Transition which can be worn both on and off the mountain for action sports ranging from snowboarding to skateboarding.
Adidas has emerged as the second most popular athletic footwear brand in the US for the period between January and August 2017. The footwear brand's market share increased from 6.6% in 2016 to 9.5% in 2017.