Retail sales increased slower than expected in May versus the prior month, as high interest rates and inflation pressured consumer spending.
Category: Footwear
Authentic Appoints General Manager of Africa
Authentic Brands Group appointed of Warren Bowers as general manager. Bowers’ previous roles include managing director at Bounty Brands and senior retail director at Adidas.
Saucony Names Chief Marketing Officer
Joy Allen-Altimare joins the company as global CMO, effective immediately. Most recently, she was the chief revenue officer of North America for Havas Media Network.
Bass Pro Sets To Open In Grand Prairie, TX
The store will mark the 15th Bass Pro Shops location in Texas and fifth in the Dallas metro area.
Adidas, League One Volleyball Ink Multiyear Partnership
Adidas is expanding its footprint in volleyball with a multiyear partnership with League One Volleyball (LOVB), the largest youth volleyball business in the U.S., with a pro women’s league launching in November.
Kith Opens Kids Flagship Store in Dumbo
Kith opened a Kith Kids flagship store in the historic Dumbo neighborhood of Brooklyn, marking the second Kith Kids flagship and the third Kith flagship in Brooklyn.
Xponential Fitness Appoints Former Adidas NA President as CEO
Mark King, the former president of Adidas North America, was hired as Xponential Fitness’ new CEO. He will also join the company’s Board of Directors.
Adidas Investigating China Corruption Allegations
Adidas received an anonymous letter indicating potential compliance violations in China and is “intensively investigating this matter with external legal counsel.
Piper Sandler Bolsters Consumer Equity Research Team
Anna Andreeva will join the New York office and is responsible for footwear, softlines and global brand analysis. Andreeva began her career in equity research at J.P. Morgan, where she was part of the number one-ranked Institutional Investor team covering specialty retail.
Under Armour Renews Sponsorship with University of Maryland
UA has been the department-wide exclusive outfitter since 2005 and will continue to design and supply the training and game-day footwear, apparel and equipment for Maryland’s varsity athletic teams.
Consumer Sentiment Falls to 7-Month Low
University of Michigan Survey Director Joanne Hsu stated, “While consumer sentiment declined this month, the 3.5 Index point dip is relatively minor in the grand scheme. That decline is within the margin of error for the survey.”
Auburn’s Aid Station, Trails and Ales To Close
The running store opened in 2018 and moved in June 2021 to 927 Lincoln Way in Auburn, CA, nearly doubling its square footage.
Duca Del Cosma Names Area Director In Southeast Asia
Amike Krakers, originally from the Netherlands, has lived in Asia for almost two decades and brings expertise to promoting lifestyle brands to the role that will see her support product distributors across the region.
Fromuth Racquet Sports Acquires Tennis-Point
Online retailer Tennis-Point, formerly owned by Signa Sports United, has been acquired by Fromuth Racquet Sport. In the short term, Tennis-Point will be operated as a separate business and keep its name and contact details.
Walmart Targets Gen-Z with ‘No Boundaries’ Relaunch
Launching in stores and on Walmart.com on July 16, the new No Boundaries label, often abbreviated as “NOBO,” will include a broader assortment backed by a major marketing push on TikTok, Roblox and Instagram and, for the first time, has a dedicated fashion design team creating the collection.
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