This morning, Inov-8 opened its first brand store in the outdoor hub of Staveley in the Lake District of the UK. \
Category: Footwear
March Retail Sales See Strong Rebound
Retail sales rebounded with huge gains in March as government checks fattened consumers’ bank accounts and more vaccinations against COVID-19 made it easier for shoppers to get out of the house and lead to the acceleration of the U.S. economy, the National Retail Federation said.
Puma, Olympics End ‘Tokyo 2020’ Trademark Tiff
The U.S. Olympic Committee and Puma SE appear to have ended their trademark dispute of the use of “Tokyo 2020” and other Olympic-games-related trademarks, according to a report from Law 360.
Wolverine Worldwide Appoints Board Member
Wolverine World Wide Inc. announced the appointment of Kathleen Wilson-Thompson to its Board of Directors, effective May 5, 2021. The retired executive previously led human resources for Walgreens and Kellogg Company.
Anta Sports Posts Significant Q1 Sales Jump
Anta Sports Products Ltd. reported retail sales of Anta branded products for the first quarter recorded 40 percent to 45 percent positive growth year-over-year.
GOA Members See Robust Recovery
Grassroots Outdoor Alliance (GOA) reported robust year-to-year retail sales gains in its March membership update last week. The group is up 8 percent on a rolling 12-month basis, with Q1 2021 reported figures showing a 34 percent increase over Q1 2020, according to the group.
Major League Soccer Secures Top Corporate Sponsor With Procter & Gamble
Major League Soccer announced a big corporate sponsorship deal with Procter & Gamble, a move that could help the league recover from some of its COVID-19 losses.
Nobull Secures Equity Partner
Nobull, which earlier this year replaced Reebok as CrossFit’s sponsor, has secured an investment from Exeter Capital, a Boston-based private equity firm.
Kohl’s Reaches Settlement With Activist Investors
Kohl’s reached an agreement with Activist Investors Macellum Advisors, Ancora Holdings, Legion Partners Asset Management, and 4010 Capital. As part of the agreement, former Lululemon CEO Christine Day will join Kohl’s Board of Directors and two members selected by the Activist Investor Group.
L Catterton To Acquire West Marine
L Catterton, the private equity firm, announced that it has entered into a definitive agreement under which L Catterton will acquire a controlling interest in West Marine, the nation’s leading retailer in the marine aftermarket, from Monomoy Capital Partners.
REI’s Sales Slide 12 Percent In 2020
REI Co-op reported sales fell 11.9 percent in 2020 as the Co-Op managed through the challenges presented by the pandemic. REI also reported no profits in 2020 but ended the year in a strong cash position and debt-free, after investing millions in its impact work to combat climate change, address racial equity and support its network of nonprofit partners. REI also launched its Cooperative Action initiative.
JD Sports Sees “Exceptional Year” For North American Business
JD Sports Fashion Plc, the U.K.-based athletic footwear chain that owns Finish Line, Shoe Palace and DTLR in the U.S., said its North American business “had an exceptional year” in 2020. The gains were boosted by strongly developed online operations by Finish Line amid the pandemic, the benefit of federal stimulus checks and early success with the rollout of the JD chain in the U.S.
New Balance To Sponsor Boston College
New Balance will replace Under Armour as the new footwear and apparel sponsor for Boston College. The 10-year agreement begins on June 1, 2021.
Adidas Ranks High For Reputation
Adidas ranked sixth on the 2021 Global RepTrak 100, the highest among companies in the active lifestyle space. Nike was 22 and Under Armor, 45.
Yue Yuen’s Sales Surge In March
Yue Yuen’s consolidated operating revenue reached $870.9 million against $671.6 million a year ago, a gain of 29.7 percent.
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