Nike again earned the top spot in SportsPro’s second annual list of the World’s 50 Most Marketable (50MM) Brands powered by Hookit. Adidas came second in the standings. Emirates, Santander and Red Bull rounded out the top five.
Category: Footwear
Amer Sports Announces Retirement Of Salomon VP / Atomic GM
Amer Sports announced that Mike Adams is retiring after 45 years in the snowsports industry and more than 25 years with Amer Sports.
Nike Compensation/Benefits VP Joins Walmart
Kim Lupo, formerly Nike’s VP, global total rewards, operations & people analytics, has joined Walmart as senior vice president of total global rewards.
Whatnot Raises $150 Million In Funding
Whatnot, the live stream shopping platform and marketplace, announced it has raised $150 million in Series C funding from returning investors Andreessen Horowitz, YC Continuity and new investor CapitalG.
Foot Locker Completes Acquisition Of WSS
Foot Locker Inc. announced that it has completed its acquisition of Eurostar, Inc., the parent of the WSS chain, for $750 million in cash.
On Signs On As Sponsor Of Laver Cup
The Swiss footwear brand On signed on as the Official Footwear Sponsor for the Laver Cup tennis event.
Deloitte: Holiday Retail Sales Expected to Increase 7-9 Percent
Holiday retail sales are likely to increase between 7 percent and 9 percent in 2021, according to Deloitte’s annual holiday retail forecast. Deloitte also forecasts that e-commerce sales will grow by 11 percent to 15 percent, year-over-year.
Deckers Brands Elects Independent Board Member
Deckers Brands announced the election of David A. Burwick to its Board of Directors. He is CEO of The Boston Beer Company.
Grailed Raises $60M In Funding, Led By Goat Group
Grailed, the online marketplace for luxury streetwear and vintage fashion, raised $60 million in a Series B funding round. The funding was led by fellow resale player Goat Group and with participation from Groupe Artémis, along with existing investors Thrive Capital and Index Ventures.
August Retail Sales Rise Despite Headwinds
Retail sales increased during August as consumer demand outweighed the pandemic, supply chain disruptions and other factors affecting spending, the National Retail Federation said.
On Surges In IPO Debut
On’s shares shot up 46 percent in its first day of trading on the New York Stock Exchange. The offering for the Swiss running footwear had been priced at $24.00 per share and closed Wednesday at $35.
Shoe Carnival Appoints Board Member
Shoe Carnival Inc. announced the appointment of Diane Randolph to its Board of Directors. She was formerly chief information officer of U.S. beauty retailer, Ulta Beauty, Inc.
Columbia Sportswear To Sponsor USA Curling Team
Columbia Sportswear announced a multi-year sponsorship with USA Curling.
JD Sports Posts Record Earnings
JD Sports Fashion Plc reported significantly improved profits in the first half ended July 31 as revenues grew 52.7 percent.
On Announces Pricing Of Initial Public Offering
On announced the pricing of its initial public offering of 31.1 million Class A ordinary shares at a public offering price of $24.00 per share. The running footwear brand had marketed the shares for $20 to $22 each.
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