ASB Sports, the Holland, OH-based team dealer, announced a rebrand under the name, Game One, that will consolidate its eight-owned dealers.
Category: Footwear
Mizuno Posts Record Profits In Nine Months
Mizuno Corp. said its operating profits reached their highest levels in the nine months through December 31 since quarterly disclosure started in FY08. Sales rose 17.0 percent in the period, led by the Americas and EMEA.
Orvis Appoints Chief Brand Experience Officer
Orvis appointed former Athleta CMO Sheila Shekar Pollak to the newly created role of chief brand experience officer.
Descente Revenues Climb 15 Percent In Nine Months
Descente reported an operating profit against a loss in the nine months through December 31 on a 15.1 perfect revenue gain.
Jack Wolfskin Appoints General Manager, China
Jack Wolfskin has appointed Matthew Jung as general manager, China, effective February 9, 2022.
Blue Water Acquires Yogi Bear’s Jellystone Park In Kentucky
Blue Water, a Maryland-based company, specializing in the development and management of campgrounds, hotels, and attractions, announced it had acquired Yogi Bear’s Jellystone Park at Mammoth Cave in Kentucky to continue its partnership with the Jellystone Park brand.
Fleet Feet Adds Two Stores In Texas
Fleet Feet announced it is opening two stores in McAllen and Georgetown, TX, respectively, and and will increase its store count in the state to 26 stores.
Nike Sues StockX Over NFTs
Nike has filed a lawsuit in the Southern District Court of New York against StockX, accusing the sneaker resale marketplace of using Nike’s trademarks without authorization to market and sell non-fungible tokens (NFTs).
Genesco Announces Share Buyback Plan
Genesco, Inc. announced that its board of directors has authorized a $100 million increase to its existing $100 million share repurchase authorization.
Nike Becomes Equity Investor In The WNBA
Nike, Inc. announced it had become an equity investor in the WNBA (Women’s National Basketball Association), following its 25-year commitment to the league. The WNBA overall raised $75 million from investors.
USA Surfing Names Interim CEO
USA Surfing appointed Brandon Lowery as interim CEO, replacing Greg Cruse.
Costco Appoints President And COO
Costco has named Ron Vachris as president and chief operating officer, according to a regulatory filing He has also joined Costco’s Board of Directors.
Kohl’s Takes ‘Poison Pill’ To Thwart Hostile Takeover
Kohl’s said recent takeover offers undervalue its business in light of future growth and cash flow generation, following a review by independent financial advisors. The retailer also has adopted a shareholder rights plan, otherwise known as a “poison pill,” in order to avert a hostile takeover. The plan is effective immediately and expires in February 2023.
Johnson Outdoors Reports 7 Percent Q1 Revenue Decline
Johnson Outdoors reported sales in the fiscal first quarter ending December 31 declined 7 percent to $153.5 million compared to the prior year’s record-high first fiscal quarter. The quarter’s net sales are 20 percent above the pre-pandemic December 2019 quarter’s net sales.
Asics Ventures Invests In Real-Time Sports Analysis Applications
Asics Corporation announced that its investment subsidiary, Asics Ventures Corp., has invested in Edge Limited (RUN.EDGE), a provider of real-time sports video analysis applications, including FL-UX, Pitchbase and Taguru.
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