VF Corporation announced the commencement of cash tender offers for a combined $750,000 in notes.
Category: Footwear
JCPenney Expands Leadership Team
JCPenney announced the appointment of six vice presidents, including a vice president of business development, chief customer officer, vice president of marketing, and vice president of customer engagement and insights.
Stein Mart Enters Into Transaction To Go Private
Stein Mart Inc. entered into a definitive merger agreement under which an affiliate of Kingswood Capital Management, L.P. will acquire all of the outstanding common stock of Stein Mart not already beneficially owned by affiliates of Jay Stein, Stein Mart’s former CEO and current chairman of the Board of Directors, for 90 cents per share in cash.
Deckers Brands Q3 Easily Tops Guidance
Deckers Brands Inc. raised its earnings guidance for the year after reporting results for the third quarter ended December 31 that easily topped its outlook. Sales grew 2.6 percent at Ugg and jumped 63.6 percent for Hoka One One. Teva and Sanuk both suffered double-digit declines.
NRF And RILA Welcome Signing Of USMCA Legislation
The National Retail Federation (NRF) and Retail Industry Leaders Association (RILA) each welcomed Wednesday’s signing by President Trump of legislation to implement the United States-Mexico-Canada Agreement.
Puma Becomes Beach Soccer World Wide Official Global Partner
Puma has become the official global partner of Beach Soccer World Wide (BSWW), the major sports entity behind the creation and growth of beach soccer.
Adidas Lays Out Roadmap To Be Plastic Free By 2024
Adidas is introducing two new fabrics that use 100 percent recycled polyester, Primeblue and Primegreen, and announced several more commitments as part of its goal to use only recycled polyester for its shoes and clothing by 2024.
Asics Ventures Invests In Smart Shoe Technology
Asics Corporation announced that its investment subsidiary Asics Ventures Corporation invested in a Japanese startup No New Folk Studio Inc., developer of sensing solution Orphe Track, which measures and analyses foot movement.
Sortis Holdings Launches $10M Growth Venture Fund
Sortis Holdings Inc., a Portland, Oregon-based alternative investment fund manager, launched Sortis Growth Venture Fund. The $10 million fund is a hybrid venture capital and consumer-focused private equity fund dedicated to accelerating the speed at which rising consumer brands can reach their full potential.
Nike Facing SEC Investigation Over Illicit Payments, Jury Told
Nike Inc. is facing a probe from the U.S. Securities and Exchange Commission over illicit payments to elite youth basketball players, according to a lawyer for Micheal Avenatti, the celebrity lawyer facing trial for allegedly trying to extort millions of dollars from Nike, according to Bloomberg News.
J. Crew Names Former Victoria’s Secret Executive Its CEO
J.Crew Group Inc. appointed Jan Singer to serve as chief executive officer. Singer most recently served as CEO of Victoria’s Secret Lingerie and previously held leadership positions at Nike and Spanx.
USA Triathlon Board Of Directors Elects 2020 Officers
The USA Triathlon Board of Directors announced the re-election of three of its members to officer seats — Jacqueline McCook as president, Joel Rosinbum as vice president and Kevin Haas as treasurer — and the election of Keri Serota as secretary.
Stephen Bebis Joins CEO Coaching International
Stephen Bebis, the founder of Golf Town and former head of Sports and Recreation, has become the newest partner and coach of CEO Coaching International, a leadership development consultancy.
Report: Nike’s Vaporfly Won’t Face Ban
The World Athletics organization, which governs most international track and field events, will not be imposing a blanket ban on Nike’s Vaporfly running shoes, according to a report in the Guardian. But the international governing body is expected to announce “a temporary suspension of any new shoe technology until after the Tokyo Olympics.”
Family Of Delbert Hayes Makes $3M Donation To Washington State
The family of the late Delbert Hayes, one of the earliest employees at Nike, made a $3 million donation to establish the Delbert J. Hayes Scholarship in Accounting in the WSU Carson College of Business.
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