Adidas and its subsidiary Reebok International LTD—the former parents of The Rockport Group LLC—have filed an objection to the forthcoming bankruptcy sale of Rockport due to outstanding debts stemming from the companies’ own sale of Rockport three years ago.
Author: SGB Media
‘Battle Has Begun’: Global Trade War Now Underway
Trade associations called Friday the first official day of the trade war between the U.S. and China, as $34 billion in tariffs on Chinese goods kicked in overnight. The U.S. is expected to add tariffs on an additional $16 billion of Chinese goods at a later date.
Mizuno, Fleet Feet Again Team Up For Project Zero
For the second straight year, Mizuno USA Inc. and run specialty franchise Fleet Feet have teamed up on a running shoe collaboration whose goal is to raise funds for breast cancer research. Project Zero enters the company’s second year with hopes of beating last year’s contribution total.
Softness In Firearms Sales Reflects Typical ‘Ebb And Flow’
Firearms sales are down halfway through the year, presenting another challenge for an industry that has dealt with bad publicity in the form of mass shootings, public protests and well-known retailers altering or stopping their gun sales.
June M&A Roundup: Megaresorts Expand Their Empires
Summer is an odd time to discuss what’s happening at North American ski areas—especially with record high temps now sweeping the U.S.—but the escalating “arms race” between megaresort operators Vail Resorts Inc. and Alterra Mountain Co. was among the hottest M&A developments in June.
Nike CEO Mark Parker On Company’s Digital Progress
Nike Inc.’s impressive fourth quarter saw balanced growth across regions and divisions, but the company’s digital gains were especially notable. A jump in digital sales was the result of an increased emphasis on platforms and not just products, according to CEO Mark Parker.
SGB Executive Q&A: 361 Degrees USA President Jim Monahan
Jim Monahan, president of running footwear company 361 Degrees USA, spoke with SGB at last week’s Fleet Feet National Franchise Conference in Minneapolis, MN, about what’s happening with the company as 361 Degrees moves from a startup to a player that’s found a comfortable pace and is working to close the gap on competitors.
Running Rebrand: Fleet Feet Refreshes Logo, Drops ‘Sports’ From Name
Fleet Feet has unveiled a new logo that resembles a torch and also dropped the word “Sports” from its name, all part of a brand refresh for the 42-year-old retailer.
On Par: Golf Equipment, Apparel Sales Holding Steady
In this second of a two-part series on the state of the golf industry, SGB looks at the state of golf equipment and apparel sales, each one serving as trailing indicators of an increasingly healthy industry.
SGB Executive Q&A: Fleet Feet CEO Joey Pointer
Fleet Feet Inc. CEO Joey Pointer sat down with SGB at the company’s National Franchise Conference in Minneapolis this week to discuss the company’s past, present and future, as well as the state of the running retail industry.
Fleet Feet Event Showcases ‘Resurgence’ Of Run Specialty
Dozens of brands in the running footwear, apparel and accessory categories descended on Fleet Feet’s National Franchise conference this week, and while the primary goal was exhibiting their latest product offerings, they also delivered a simple yet powerful message for the industry about the Run Speciality channel.
The Long And Winding Road To Perry Ellis Going Private
For the last few months, Perry Ellis International’s largest shareholder, George Feldenkreis, and the company he founded could sum up their relationship with a familiar social media saying: “It’s complicated.” But the complication appears to have been cleared up, at least for now.
Brand Vision: Collabs Boost Backcountry’s New Private Label
Online outdoor retailer Backcountry isn’t the only beneficiary of product collaborations the company has undertaken with Black Diamond, DPS, Flylow and Smartwool on a new touring collection due out in the fall. The brands themselves and especially customers stand to gain from these new partnerships.
Can Cherokee Stick Landing After ‘Disruptive’ 24 Months?
Cherokee Global Brands ended fiscal 2018 with a loss due to difficulties with the integration of the Hi-Tech brand into the company’s portfolio. And now the start to fiscal 2019 is being marred by the sale of Flip Flop Shops. Can the Tony Hawk brand and others save the company?
Fox Factory Sees Growth In Mountain Bike Market
Speaking at the William Blair 2018 Growth Stock Conference in Chicago, IL, on Wednesday afternoon, Fox Factory Holding Corp. CEO Larry Enterline said the company has significant growth potential with sales of mountain bike parts.
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