Galaxy Universal, LLC. has agreed to acquire the And1, Avia, Gaiam, and SPRI brands as part of the bankruptcy proceedings of Sequential Brands Group, Inc. for approximately $330 million.
Category: Footwear
Canada Goose Opens First California Store
Canada Goose opened its first retail location in California at South Coast Plaza.
Allbirds Opens In Paramus
Allbirds opened a new retail store and community center at the Garden State Plaza in Paramus, NJ. The 3,140 square foot space is the brand’s first store in New Jersey and 35th globally.
Emerald Holding Shrinks Q3 Loss
Emerald Holding, Inc. reported reduced losses in the third quarter ended September 30 as it was able to hold 32 in-person trade shows, conferences and other events in the period.
Dick’s SG Announces Opening Of Second Public Lands And Golf Galaxy Performance Center Locations
Dick’s Sporting Goods said it will expand the footprint of its Public Lands outdoor concept with the grand opening of its second Public Lands store in Columbus, OH on November 5. Dick’s will also open its second Golf Galaxy Performance Center, a redesigned concept featuring an “elevated experience for golfers,” in Woodbury, MN.
Report: Rothy’s Seeks $1 Billion Valuation In Funding Round
Rothy’s Inc. is in discussions to raise funding that could value the eco-friendly footwear company at more than $1 billion, according to Bloomberg.
Report: Skechers Considering IPO For Asia Segment
Skechers is reportedly considering spinning off its Asia business into a public company, according to Bloomberg.
Puma Signs High School Basketball Star
Puma signed 17-year-old prep phenom Mikey Williams to an endorsement deal, making him the first American high school basketball player to sign a sneaker deal with a global footwear company.
Adidas Renews NBA Marketing Partnership
Adidas announced that it would remain a global marketing partner of the NBA, the WNBA and the NBA G League.
Deckers Brands Sees 16 Percent Q2 Growth On Hoka Momentum
Deckers Brands reported sales increased 15.8 percent in its fiscal second quarter ended September 30, led by a 47.0 percent gain for Hoka One One. Ugg’s sales grew 8.0 percent. The company maintained its guidance for the year.
Skechers Slightly Lowers 2021 Outlook On Q3 Miss
Profits at Skechers USA surged 61.0 percent in the third quarter ended September 30 on a 19.2 percent revenue gain, but both sales and earnings came were below guidance. The footwear giant slightly lowered its EPS and sales targets for the full year.
Columbia Sportswear’s Q3 Impacted By Delayed Inventory Receipts
Columbia Sportswear Co. reported sales in the third quarter ended September 30 came in below Wall Street’s targets as supply chain constraints impacted U.S. wholesale shipments. Earnings, however, topped estimates due to favorable gross margins and expense management and early-season Fall 2021 sell-through has been healthy. The company raised its EPS guidance while lowering its sales outlook for the year.
Big Agnes Announces Key Hires And Promotions Within Sales Team
Big Agnes has hired Craig Hatton and Parker Batt to join its sales team and announced the promotion of Kody Herman and Eric Einfeld within the sales organization.
ASF 4.0, First Automated Sports Footwear Factory Opens In France
The Advanced Shoe Factory 4.0 (ASF 4.0), an automated sports footwear plant, opened its first production facility in France. The Chamatex Group, a specialist in technical textiles, is managing the operation.
Indiana’s McCleerey’s Sporting Goods Closes
McCleerey’s Sporting Goods in downtown Greenfield in Indiana has closed after 50 years in business, according to the Greenfield Reporter.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal