Game One Forms Apparel Partnership With University of Indianapolis
The University of Indianapolis announced an exclusive multi-year agreement with Game One and Nike. The deal replaces a supplier arrangement with BSN Sports and Nike.
Duluth Holdings Undergoes Layoffs
As part of its expense savings initiatives to rightsize the business, the retailer reduced its workforce by 51 employees, or 3 percent of its total workforce, on June 4.
Authentic Brands Group Establishes APAC Headquarters in Shanghai
The Shanghai HQ will support Authentic’s growing brand portfolio, including Reebok, Champion, Quiksilver, Billabong, and Sperry, as well as its network of partners across the Greater China region and APAC market.
Yonex Appoints President Of North America Operations
LaNiece Douglas’ hire “will support Yonex’s stepped-up plans to expand in the U.S.” She was VP of and head of U.S. retail for Adidas since 2020.
Adidas, Shoe Palace and Skechers Stores Hit by LA Looters
An Adidas store in downtown Los Angeles on Broadway and Shoe Palace on Main Street, were hit by looters Monday night, June 9, as the civil unrest following days of anti-ICE protests continued overnight.
EXEC: Academy CEO Sees Promising Returns from Improved Nike Allocations, Jordan Launch
First-quarter results missed analyst estimates and the retailer widened its full-year guidance due to potential inflationary pressures arriving this year. Management also shared many positive developments, including a healthy response to Nike product expansion and Jordan brand launch.
Orvis to Close Chicago Store
The storefront, located on the Magnificent Mile, will close on July 24, after two decades, “due to the changing retail landscape on the Magnificent Mile.”
Arc’teryx, Atomic, Keen, Vuori, and Gregory Top REI Vendor Partner of the Year Honors
Established in 1993, REI’s Vendor Partner of the Year awards program “honors brand partners that demonstrate remarkable philosophy and partnership with the co-op and that drive impact for the outdoor industry.
Woolrich Appoints New CEO
Lorenzo Flamini’s appointment comes as the Baoxiniao sale marks a new company strategy focused on consolidating its presence in Europe and accelerating growth in the Asia-Pacific region, which currently accounts for around 5 percent of its global business.
Academy Sports and Outdoors, Inc. Sees Profits Sink on Comp Sales Decline
Academy Sports and Outdoors, Inc. reported first-quarter earnings and sales that came in below analyst targets. The sporting goods chain widened its guidance for the year to account for potential additional pressure on earnings in the second half tied to inflation.
USTA Commits Another $5 Million to Grow Local Tennis Programs
The new program and funding are in addition to $10 million in grant monies earmarked to expand the USTA’s facility grant program, which supports local tennis infrastructure and was announced earlier this year.
Champion Inks Licensing Deal with NFL
Adding to its portfolio of league partnerships, which already includes the NHL, MLB and PLL. Champion will debut the partnership with a drop of exclusive, limited styles for the NFL at Fanatics Fest NYC, held at the Jacob K. Javits Convention Center June 20-22.
EXEC: Morgan Stanley Downgrades Lululemon on Weakening U.S. Growth Outlook
Morgan Stanley downgraded Lululemon Athletica to “Equal-weight” from “Overweight” on waning confidence in a recovery in the company’s core U.S. market.
EXEC Q&A: Dan Sheridan, CEO, Brooks Running
Sheridan, who was promoted to Brooks’ CEO last April, talks with SGB Executive about Brooks’ recent momentum, entry into lifestyle footwear category, the tariff playbook, as well as the health of the overall run industry.
NRF: Summer Import Cargo Forecast to Surge but Full Year is Expected Down
Ports have not yet reported numbers for May but Global Port Tracker projected the month at down 13.4 percent from April and down 8.1 percent year-over-year. Volume is expected to surge over the summer and then expected to drop sharply for the remainder of 2025, with large year-over-year declines seen partly because imports in late 2024.
