Skechers U.S.A. Named To Fortune 500 List For First Time
Skechers U.S.A., Inc. made the Fortune 500 list for the first time following record annual sales of $7.4 billion in 2022. Skechers is one of only four brands in the apparel industry sector to make the list, debuting at number 488.
Under Armour Confirms Corporate Layoffs In Cost-Control Efforts
Under Armour, Inc. has confirmed reports that it laid off 50 corporate employees as part of its cost-control efforts.
Academy Sports Names New Chief Merchant
Academy Sports + Outdoors Inc. promoted Matt McCabe to executive vice president and chief merchandising officer effective June 25, succeeding Steve Lawrence, who transitioned to CEO. McCabe will report directly to Lawrence.
Under Armour Extends Partnership With University Of Texas Rio Grande Valley
The University of Texas Rio Grande Valley (UTRGV) Department of Intercollegiate Athletics extended its partnership agreement with BSN Sports to keep Under Armour the University’s official athletic footwear, apparel and accessory brand through the 2028/29 academic year.
Running USA Elects New Board Members
Running USA elected seven new members to its board for three-year terms beginning on July 1, 2023 and ending on June 30, 2026.
Lacrosse Unlimited Opens Location In Bronxville
Lacrosse Unlimited opened a store in Bronxville, NY, on June 10, marking its 49th location at 24 Palmer Avenue a few doors down from the Bronxville Fitness Club.
Academy Sports To Expand Into Greater Indianapolis
Academy Sports + Outdoors, Inc. announced plans to open its first two stores in Greater Indianapolis this fall in Westfield-Carmel and Avon.
Amazon Announces Prime Day 2023 Sales Event Dates
Amazon announced that the company’s 2023 Prime Day Sale will be held from July 11-12. As in previous years, Amazon Prime Day is a 48-hour sale offering Prime members-only discounts. Last year, Amazon Prime Day ran in more than 20 countries from July 12-13.
Backcountry To Open Retail Location At The Grove In Los Angeles
Backcountry, the specialty retailer selling outdoor gear and apparel, plans to open a brick-and-mortar store at The Grove in Los Angeles in July—one of three new stores for 2023.
Pentland Brands Appoints New CFO
Pentland Brands appointed seasoned executive Graham Burridge as its new chief finance officer (CFO). Burridge has over two decades of experience in the consumer and retail sector, having held notable roles at WPP, Disney and Apple.
Canterbury Renews Partnership With British & Irish Lions
The British & Irish Lions extended its agreement with Canterbury as the official apparel partner and exclusive kit supplier for the 2025 Lions Tour to Australia. The rugby union team had partnered with Canterbury for the 2017 and 2021 tours.
National Golf Foundation Promotes Nathan To President/COO
The National Golf Foundation promoted Greg Nathan to president and chief operating officer. Joe Beditz, president and CEO since 1989, will remain CEO, working closely with Nathan.
Alibaba Resets Leadership Structure
Alibaba is replacing Daniel Zhang as chairman and CEO. Joseph Tsai, executive vice chairman and a co-founder, will become chairman while Eddie Wu, chairman of e-commerce at Alibaba’s Taobao and Tmall businesses and co-founder, will take over as CEO.
Christy Sports Opens Re-Branded Big Sky Location
Christy Sports opened its newly rebranded store in Big Sky, MT, previously Grizzly Outfitters. The store is now Christy Sports Big Sky Town Center and marks Big Sky, Montana’s second Christy Sports location.
Ross Stores Sets Long-Term CEO Succession Plan
Ross Stores, Inc.’s Board of Directors approved a new employment agreement with Barbara Rentler, vice chair and chief executive officer, extending through March 31, 2027. The new agreement allows Rentler to continue as CEO through January 31, 2026. By that date, the Board expects to have selected her successor.
