Crocs Inc. has filed a complaint with the United States International Trade Commission (ITC) seeking an investigation of unlawfully imported shoes into the United States in violation of its registered trademarks.
Category: Footwear
Skechers Signs Second Soccer Endorsee
Skechers signed Michael Ballack, one of Germany’s top-scoring midfielders, to an endorsement deal.
Weyco Acquires Forsake Brand
Weyco Group Inc. announced that it had acquired substantially all of the operating assets and certain liabilities of Forsake, Inc., a distributor of outdoor footwear. Forsake will join Bogs in forming Weyco Group’s outdoor division, headquartered in Portland, OR.
Academy Sports’ Q1 Blows Past Wall Street Targets
Academy Sports + Outdoors raised its guidance for the year after reporting first-quarter earnings that came in well above Wall Street estimates. The 38.9 percent same-store gain was driven by continued double-digit consumer demand across all product categories, notably in Apparel, Footwear and Team Sports.
Decathlon U.S.A. Announces New CEO
Decathlon announced the appointment of Christian Ollier as CEO of Decathlon U.S.A., allowing prior CEO, Michel D’Humières, to move on to other projects within the company.
Balega’s Founders To Step Down
Implus LLC announced that Balega International founders Tanya and Bert Pictor will be stepping away from the day-to-day business. As part of the succession plan currently in process, Jenna Campbell has been tapped to lead the performance hosiery category and the Balega brand as VP category and brand development for performance hosiery.
Wolverine Worldwide Expects Second Quarter 2021 Revenue To Exceed Second Quarter 2019
Wolverine World Wide Inc. said it expects second-quarter 2021 revenue to exceed 2019 levels due to better-than-expected trends across nearly all brands in the portfolio, led by Merrell, Saucony and Sperry.
Caleres Appoints Chief Marketing Officer
Caleres has appointed Jennifer Olsen as chief marketing officer. Olsen was most recently the CMO of UNTUCKit.
Etsy To Acquire Fashion Resale Marketplace Depop
Etsy Inc. has signed a definitive agreement to acquire Depop, a privately-held marketplace for fashion for $1.625 billion. Following the closing of the transaction, currently anticipated to occur during the third quarter of 2021, Depop will continue to be headquartered in London and operate as a standalone marketplace run by its existing leadership team.
Genesco Issues Letter To Shareholders Ahead Of Annual Meeting
Genesco Inc. filed its proxy materials with the Securities and Exchange Commission in connection with the company’s Annual Meeting of Shareholders that included a letter urging shareholders to vote for its Board’s nominated slate of directors. The move comes as the retailer faces a proxy fight against an activist investor.
Second Run Show USA To Take Place in Chicago
Raccoon Events announced its second Run Show USA venue had been confirmed for June 4-5 2022, at the Donald E. Stephens Convention & Conference Center in Chicago. This is following the launch of its Run Show USA in Boston.
BAPE Secures New Investor
CVC announced the completion of an investment in A Bathing Ape (BAPE) after the Japanese streetwear brand became an independent company from I.T Limited. With the investment, CVC has acquired co-control of BAPE.
NRF Announces New Board Members
The National Retail Federation elected two new members to the NRF Board of Directors during its virtual summer board meeting. The new members are Hal Lawton, president and CEO of Tractor Supply Company, and Anish Melwani, chairman and CEO of LVMH Moët Hennessy Louis Vuitton Inc.
Pandemic’s Impact On Imports Easing, But Numbers Are Still Below Last Year
The impact of COVID-19 at major U.S. retail container ports appears to be easing slightly, with projected imports remaining below last year’s levels but not as much as previously forecast, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates..
Nike, H&M, Zara Among Foreign Brands China Accuses Of Selling Unsafe Children’s Products
The Chinese government accused H&M, Nike, Zara, and other brands, of importing unsafe or poor-quality children’s clothes and other goods. The warning comes as global brands have faced criticism in China over their decisions to boycott cotton from Northwest China’s Xinjiang Uygur Autonomous Region based on “forced labor” lies.
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