Steve Madden filed a lawsuit in Brooklyn’s federal court against Adidas, saying it was “tired” of being targeted by Adidas for using elements that bear no resemblance to Adidas’ signature three parallel stripe design.
Author: SGB Media
Stif Mountain Bikes to Close In September
Stif Mountain Bikes, a Bristol and Yorkshire-based bike shop and bike brand, plans to close its doors in September.
Take a Video Tour of Wolverine Worldwide’s New Merrell and Saucony HQ
The centerpiece is a top-to-bottom renovation of 40,000 square feet, which houses the company’s two largest brands, Merrell and Saucony, the latter of which the company recently relocated to Rockford, MI from Boston.
Repreve Maker Unifi Sells Plant for $45 Million
The company closed on selling its manufacturing facility in Madison, NC to an unidentified third-party buyer for $45.0 million, and reported it will use $25.0 million of the net proceeds to reduce the existing term loan and $18.3 million to reduce outstanding revolving loans.
EXEC: VF Q4 Profits Beat Plan as TNF and Timberland Deliver Healthy Growth
While Vans disappointed, VF Corp. saw a robust revenue performance in the fourth quarter by The North Face and Timberland while profits came in better-than-expected due to payback from its Reinvent transformation program. Outerwear as a “standout” for TNF while Timberland’s sales surged 34 percent on a currency-neutral basis in the Americas region.
Crocs, Inc. Moves Reilly to Corporate EVP and CBO; Heydude Needs a Leader
Reilly, formerly president of Heydude, will take over the role of corporate EVP and chief brand officer, including oversight of marketing and communications for the Crocs and Heydude brands. Andrew Rees, Crocs’ CEO, will serve as the interim president for the Heydude brand.
Icebug Assumes Responsibility for Sales and Customer Service in Canada
Previously, Rock Gear Distribution (RGD), a wholesale distributor based in Alberta, Canada, operated Icebug’s Canadian business. RGD, a long-standing Icebug partner and owner of Spry, a specialty running store in Canada, will continue collaborating with the company.
TSG Consumer Partners Promotes Jessica Duran to COO
The private equity firm, which recently acquired EoS Fitness to add to its CorePower Yoga acquisition in 2017 in the fitness space, promoted Jessica Duran to chief operating officer. She will also continue to serve as CFO.
Target Trading Lower as Retailer Misses Q1 EPS Estimates; Cuts Guidance
Comparable sales decreased 3.8 percent in the first quarter, reflecting a comparable store sales decline of 5.7 percent and comparable digital sales growth of 4.7 percent.
Rally House Opens New Storefront in Blacksburg, Virginia
The sports merchandise and apparel retailer, has opened Rally House Blacksburg, its first store in Virginia, on Main Street, steps from the Virginia Tech campus.
Canada Goose Gets DD Lift from DTC in Q4; Wholesale Falls in the Mid 20s
DTC Revenue increased 15.7 percent (+11.6 percent cc) to CN$314.1 million, said to be driven by DTC comparable sales growth of 6.8 percent and revenue from non-comparable stores.
Stio to Open Mountain Studio in Breckenridge
The apparel, footwear and gear company for the “mountain life” will open a new Mountain Studio in downtown Breckenridge, CO, this July. The storefront will be its fourth in Colorado and 13th nationwide.
iFit Inc. Enters Connected Pilates with Reform RX Acquisition
With this acquisition, iFit will integrate Pilates reformers into its lineup of products — offering customers a seamless way to diversify their fitness routines.
The Vitamin Shoppe Completes Sale to Private Equity Groups
As part of the transaction, Sharon Leite, who previously served as CEO of The Vitamin Shoppe from 2018 to 2023, has returned to lead the company as CEO.
Report: Pickleball Courts Top List of Amenities Campgrounds Added in 2024
Pickleball courts overtook Wi-Fi as the most added amenity in 2024. Properties were 29 percent more likely to add pickleball courts in 2024 than any other service, including swimming pools and hot tubs, dog parks, kayaks/canoes, and bicycles.
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