In The News: Brooks, Nike, Big 5, Thorlo
Seattle-based Brooks Running has pledged $100,000 to the Equal Justice Initiative for Global Running Day on June 3, and has pledged to donate an additional $1 for every runner who has already signed up to run or walk and for every runner who signs up through June 7, up to $250,000.
Nike recently announced the retirement of 29-year company director John Thompson, Jr., the former head coach of the Georgetown University men’s basketball team.
Big 5 Sporting Goods reported a 19 percent decline in first quarter athletic and sport footwear sales to $57.5 million. The total accounted for 26.4 percent of the retailer’s revenues for the period ended March 29 versus 29.0 percent in the year-ago quarter.
Performance sock brand Thorlo announced that the firm had partnered with Strategic Brand Growth LLC to license the Thorlos and Experia brands worldwide to Trimfit Global, a division of Montreal-based Lamour Group. Current Thorlos and Experia product will continue to be made in Thorlo’s North Carolina manufacturing facilities.