Errol Andam, a former Nike marketing manager, pled guilty to alleged wire and mail fraud, according to The Oregonian. In early February, federal prosecutors claimed that Andam defrauded Nike of nearly $1.5 million. He was accused of wire fraud, money laundering and making false statements on a loan application as part of a scheme to defraud Nike.
Category: Footwear
HandsFree Labs Closes $3 Million Funding Round
HandsFree Labs, Inc., which in 2019 secured an investment from Nike, announced it has secured a $3 million round of financing led by the Frazier Group.
OIA Applauds Introduction Of Civilian Climate Corps Act 88 Years After Its Introduction Under FDR
Outdoor Industry Association (OIA) applauded a new bill to provide $10 billion to create a Civilian Climate Corps.
Dick’s SG Announces Grand Opening of ‘Dick’s House of Sport’ And Elevated Golf And Soccer Offerings
Dick’s Sporting Goods will expand its national footprint with the opening of its first Dick’s House of Sport, a new concept store in Victor, NY, on April 9, and two Warehouse Sale locations and experiential Soccer Shops in select locations in April. The retailer will also debut nine newly redesigned Golf Galaxy locations and expanded technology offerings in 62 Golf Galaxy locations.
Saucony Appoints Fábio Tambosi As Chief Marketing Officer
Saucony has announced the appointment of Fábio Tambosi to the position of Chief Marketing Officer, effective immediately.
Nike’s Former COO Joins Olvin’s Board
Former Nike COO Eric Sprunk has joined the board of New York and London-based Olvin, a predictive AI-driven start-up providing analytics to retailers.
U.S. Consumer Confidence Surges To One-Year High
U.S. consumer confidence in March climbed to a one-year high, after a modest increase in February, as Americans grew more upbeat about the economy and labor market.
NRF Report: U.S. Economy Making ‘Dramatic Progress’
With more vaccines stockpiled, more federal stimulus money and consumers shopping again, the U.S. economy has made dramatic progress since the coronavirus pandemic brought activity to a near-standstill last year, NRF Chief Economist Jack Kleinhenz said in the April issue of its Monthly Economic Review.
Nike Marketing Veterans Launch Agency
David Creech, most recently president brand creative, global mens Nike, has partnered with two other Nike veterans, Josh Moore and Nicole Graham, and sports agent Rich Paul to start a minority-owned marketing and creative agency named Adopt.
Sequential Brands Amends Credit Agreement, Sees Four Board Members Exit
Sequential Brands Group Inc. said it amended its credit agreement with Wilmington Trust that extends a waiver of existing defaults under the agreement through April 19. As a result, four board members, including Martha Stewart, have resigned.
U.S. Economy Added 916,000 Jobs In March
The U.S. economy added 916,000 jobs in March, the highest level in months, as rising vaccination rates and declining caseloads helped accelerate a recovery in the labor market.
Nike Wins Restraining Order Over Lil Nas X ‘Satan Shoes’
U.S. District Judge Eric Komitee in Brooklyn ruled in favor of Nike three days after the sporting goods giant sued MSCHF Product Studio over MSCHF’s “Satan Shoes.” The modified Nike Air Max 97 sneakers were made in collaboration with rapper Lil Nas X and were purported to contain one drop of human blood in the midsoles.
Altitude Sports Appointment Announcement
Altitude Sports has named Maximilien Meilleur as its new vice president, product management.
Crocs Appoints Chief Marketing Officer
Crocs promoted Heidi Cooley, most recently head of global marketing for the brand, to SVP and chief marketing officer.
REI Cuts International Adventures To Focus On U.S. Destinations
REI said it would discontinue its international adventure travel trips effective May 2021 to invest in its domestic travel growth strategy and expand offerings in hiking and camping, backpacking, cycling, women’s only, under-35, family and weekend adventures.
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