This week, the headlines in the sneaker world were filled with a billboard proclaiming, “Adidas Plans Cheaper Versions of Popular Shoes Like the Samba” and outrage from sneaker aficionados that the brand would dare step on the toes of its iconic shoe.
Author: SGB Media
Ammo Inc. Announces Preferred Stock Dividend
Holders of record of the company’s 8.75 percent Series A Cumulative Redeemable Perpetual Preferred Stock as of the close of business on May 31, 2024 will receive a cash dividend equal to $0.55902778 per Series A Preferred Stock share.
Vineyard Vines Opens Store at Walt Disney World Resort
The new store in Disney Springs offers the brand’s signature collections of clothing and accessories for men, women and kids, including Vineyard Vines e t-shirts and swimwear.
Ex-Nike DEI Boss Sentenced to 5 Years for Fraud
Barbara Furlow-Smiles stole over $5 million from Nike and Facebook as a DEI manager. Her greed got her a sentence of five years and three months in Federal prison this week.
Adidas SPZL continues 10th Anniversary Celebration with Decade Pack
As tenth-anniversary editions, Gary Aspend subtly reworked four iconic Adidas SPZL silhouettes from the past ten years: Blackburn, Lacombe, Garwen, and Ardwick.
Gildan Lawsuits Against Investors are Dismissed in Canadian Courts
Browning West, LP, a long-term shareholder of Gildan Activewear Inc. and beneficially owns approximately 5.0 percent of Gildan’s outstanding shares, said the two lawsuits brought by Gildan’s Board against Browning West have been dismissed.
EXEC: CEO Kevin Plank Outlines Dramatic Turnaround Plan for Under Armour
With some apparent aggravation on what the brand has become, Plank noted that Under Armour has become a brand that competes primarily on price versus what should be its core competency—performance and technical innovation.
Classic Football Shirts Secures $38.5M Funding Round for Expansion; Appoints Exec Chair
The Chernin Group invested $38.5M of growth equity capital into the company. Cormac Barry, a senior executive with over 25 years’ experience in online B2C, online B2B and retail across multiple sectors has joined the company as executive chairman.
Pnuma Outdoors and Heated Core Appoint Brand Manager
Amber Liljestrand previously worked at Bass Pro Shops, where she was the assistant merchant for Hunting and Tactical Apparel, overseeing design, development and promotion of proprietary brands while collaborating with major national brands.
Benelli Hires Chief Logistics Officer
Chris Binion assumed the role as chief logistics officer, effective May 15. He is a seasoned professional with over 20 years of experience in logistics and distribution.
Skechers First Brand to Buy Super Bowl LIX Ad
“This is the best stage in all of sports to communicate Skechers’ comfort and innovation message.” —Michael Greenberg, President, Skechers
National Park Foundation Receives $25 Million Gift from Ballmer Family
The donation will support the Foundation’s mission to protect and preserve U.S. national parks.
Supercar Designer, McLaren, Debuts Limited-Edition E-Bike Range
Designed with hand-laid carbon-fiber frames and five power settings: Off, Eco, Trail, Sport, the Race 600W and 250W versions of both Extreme and Sport versions will be available in limited numbers.
Dillard’s, Inc. Sees Fiscal Q1 Comps Dip 2 Percent; Net Income Sinks 11 Percent
Total retail sales, which excludes the company’s construction business, CDI Contractors, LLC, for the fiscal first quarter were $1.49 billion, down 1 percent from $1.52 billion in the year-ago Q1 period.
Five Iron Golf to Open in Dubai; Secures Development Rights in the UAE
Five Iron Golf will open its most expansive venue in Dubai, spearheaded by entrepreneurs Matthew Csillag and David Zabinsky, alongside General Manager Andrew Bostock. With a multi-unit franchise agreement spanning six sites in the UAE, the team secured exclusive development rights in the region.
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