Contact the Editor at karina@plainlanguagemedia.com. Athletic specialty retailer Hibbett Sports will acquire City Gear, a city specialty retailer of premium athletic footwear, apparel, and accessories with 135 stores in 15 states, by early December. The transaction includes $88 million in cash to be paid at closing and the potential for up to $25 million in additional … [Read more...] about Roundup: Sports & Sportswear News
Sporting Goods
Legal Watch: Sporting Goods & Apparel; Toys & Games
Contact the Editor at karina@plainlanguagemedia.com. CrossFit and Reebok settle their litigation-related licensing disputes and "look forward to continuing their work together as partners mutually dedicated to improving individual health and fitness globally." In 2010, the companies entered into a 10-yr. licensing and sponsorship agreement where Reebok would act as the title … [Read more...] about Legal Watch: Sporting Goods & Apparel; Toys & Games
Sports-based Brands & Goods Score a Goal
By: Karina Masolova, karina@plainlanguagemedia.com Retail sales of sports-based licensed merchandise grew 3.5% worldwide in 2016—and in the U.S./Canada, growth exceeded 4% to reach $15.4 billion in licensed retail sales. Soccer is one of the fastest-growing segments, growing over 10% year-over-year in retail sales. Fanatics secures a $1 billion investment from Japanese … [Read more...] about Sports-based Brands & Goods Score a Goal
Corporate TM/Brands Up 2.7% in 2016; Food/Bev & Tech Lead
By: Karina Masolova, karina@plainlanguagemedia.com Retail sales of corporate trademark/brand-based licensing were up 2.7% worldwide in 2016, according to The Licensing Letter's Annual Licensing Business Survey. The U.S./Canada made up almost 80% of retail sales worldwide in 2016, and, in fact, grew at a faster rate than the rest of the world. The U.S./Canada counted $28 … [Read more...] about Corporate TM/Brands Up 2.7% in 2016; Food/Bev & Tech Lead
Deals in Short
As always, see the complete list of deals from this last week here. In Japan, a Betty Boop-branded diner opens in Japan through a deal brokered with Food Business Consultant Inc. (FBC) by licensor King Features’ Japanese agent, Copyrights Asia. The location plans to feature merch and special holiday events in the '50s-esque eatery. WildBrain is appointed as the exclusive … [Read more...] about Deals in Short
Pumping Up Brands
By Karina Masolova Despite our love for athleisure and all things healthy, a recent study by Nautilus shows that Americans and Europeans fail when it comes to general health and fitness knowledge (scoring an average of 42% and 39%, respectively). But it can't be denied that fitness is a big business, even if it is more aspirational than not. The 2016 update to Inc.'s 5000 list … [Read more...] about Pumping Up Brands
Topps Hits a Hot Market Home Run
By Glenn Demby A Topps official described it as “the perfect storm.” 285-pound Mets pitcher Bartolo Colon is a beloved player with a cult following who also happens to play in New York. And he picked the perfect time to strike his blow—a Saturday evening game on national TV airing just a few minutes after the Kentucky Derby. But while luck played a part, Topps’s spectacular … [Read more...] about Topps Hits a Hot Market Home Run
TLL Survey: Corporate Licensing Up 3% in 2015 Fueled by Food/Beverage & Automotive
By Karina Masolova At $27.6 billion, corporate trademarks and brands accounted for 27% of all retail licensed sales in the U.S. and Canada in 2015, the most of any segment (followed by fashion at 20% and sports at 14%), according to The Licensing Letter's Annual Licensing Business Survey. But while it may be big, the corporate segment was also devoid of drama growing at a slow … [Read more...] about TLL Survey: Corporate Licensing Up 3% in 2015 Fueled by Food/Beverage & Automotive
Top 5 Sports Licensing Stories of 2015
By Glenn S. Demby, Esq. 1. Nike Takes NBA from Adidas In March, Adidas announced that it would not renew its 11-year partnership with the NBA. Nike swooshed in and by June secured an 8-year, reported $1 billion deal to be the Association's on-court uniform supplier starting in 2017. 2. Adidas Takes NHL from Reebok Six months after walking away from the NBA account, Adidas won … [Read more...] about Top 5 Sports Licensing Stories of 2015
Licensee Accusation: Asics Deliberately Tried to Drive Us Out of Business
By Glenn S. Demby, Esq. What Happened: Asics gave Windsor Financial Group, LLC, financing and exclusive rights to open and operate 13 Asics stores, including flagships in Boston and New York. The deal was supposed to run for 20 years but a couple of years in, Asics terminated the agreement. As a result, Windsor had to close the stores and eat the millions of dollars it had … [Read more...] about Licensee Accusation: Asics Deliberately Tried to Drive Us Out of Business