Michael Avenatti, the celebrity lawyer, was sentenced Thursday to 30 months in prison for trying to extort up to $25 million from Nike by threatening the company with bad publicity.
Category: Footwear
Anta Sees Strong Growth For Second Quarter
Anta said retail sales, in terms of retail value, of Anta branded products for the second quarter of 2021 recorded 35-to-40 percent positive growth compared to the same period of 2020.
The Buckle’s June Sales Climb 18 Percent
The Buckle Inc. announced that total net sales for the 5-week fiscal month ended July 3, 2021 increased 17.8 percent to $111.7 million.
GOA Adds Vendor Partners; Expands To 196 Retail Doors
Grassroots Outdoor Alliance (GOA) has added five retail members, including Big Agnes and Osprey, as vendor partners.
ABG To Undergo Credit Review With Positive Implications After IPO Filing
S&P Global Ratings said it placed the debt ratings of Authentic Brands Group (ABG) under review for a possible upgrade after the brand licensing powerhouse filed for an initial public offering.
REI To Open Second Location In Missouri
REI will open a new store in Spring 2022 in Town and Country, MO. Since 2001, the outdoor retailer has had a store presence in St. Louis.
PacSun Enters Sneaker Resale Business
Pacific Sunwear of California has launched into the sneaker resale market with PS Reserve.
Belk Announces Promotions Within Senior Leadership Team, Including New CEO
Belk announced several promotions within the company’s senior leadership, most notably the promotion of Nir Patel to CEO. Lisa Harper, who served as Belk’s CEO dating back to July 2016, has transitioned to Executive Chair of the Belk Board of Directors.
Authentic Brands Group Files For IPO
Authentic Brands, which owns a number of fashion and sports brands, filed for an initial public offering.
Phil Knight Donates Another $500 Million To The University Of Oregon
Nike’s Co-founder Phil Knight and his wife Penny have given a second $500 million donation to his alma mater, The University of Oregon. The donation will help the University launch the second phase of the Phil and Penny Knight Campus for Accelerating Scientific Impact.
Shareholder Advisory Firm Backs Genesco’s Board Picks
Genesco Inc. said that Institutional Shareholder Services (ISS), an independent provider of proxy research and vote recommendations to the institutional investment community, has recommended that Genesco shareholders vote for all nine of the company’s director nominees at Genesco’s annual meeting on July 20. Legion Partners, the activist shareholder group, described ISS’s recommendation as “contradictory” and continued to push for changes to the board.
Hibbett Sports Opens Stores In North And South Carolina
Hibbett Sports opened a Hibbett Sports location in Garner, NC and a City Gear in Beaufort, SC.
CrossFit Names Former Nike Executive As President
CrossFit LLC announced the appointment of former Nike executive Jason Dunlop as president. Dunlop, who also held senior roles at Starbucks and The Gap, will accelerate CrossFit’s global growth.
Camping World Continues Expansion With Vermont Acquisition
Camping World Holdings Inc. announced a land acquisition agreement for TC’s RV dealership in St. Albans City, VT. This location will be the retailer’s first facility in the state of Vermont.
Volcom Operating Group To Pick Up Spyder License
Authentic Brands Group (ABG) announced the transition of its core licenses for Spyder to Liberated Brands, the parent of Volcom surf and skateboard label. ABG also plans to appoint new license partners for Frye.
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