A Chinese consumer boycott threat against international brands including Nike and Adidas appeared to be losing momentum over the weekend, according to a report from the South China Morning Post.
Category: Footwear
Sezzle Achieves B Corp Certification
Sezzle is the latest company serving the active lifestyle industry to have received the certification required to achieve B Corp status, joining innovative leaders worldwide to advance important environmental, social, and economic causes.
Academy Sports Posts Record Sales And Earnings In Fourth Quarter
Academy Sports and Outdoors Inc. reported fourth-quarter earnings quadrupled as same-store sales increased 16.1 percent. The sales gains were driven by strong consumer demand across all markets and merchandise divisions, particularly Sports & Recreation. E-commerce sales grew 60.7 percent.
The Carlyle Group Partners With END.
The Carlyle Group has acquired a majority stake in luxury, streetwear and sportswear retailer END. The stake is being acquired from founders Christiaan Ashworth and John Parker, who will retain a significant minority stake and remain co-CEOs.
USTA, ITA Enter Strategic Alliance To Elevate College Tennis
The United States Tennis Association (USTA) and the Intercollegiate Tennis Association (ITA) have entered into a new strategic alliance that formalizes the two organizations’ ongoing collaboration to strengthen and elevate collegiate tennis.
Nordstrom’s Debt Ratings Upgraded To Stable
S&P Global Ratings revised the debt ratings outlook on Nordstrom to stable from negative reflecting its belief that the retailer will demonstrate sequential recovery in operating performance this year, generating more than $1 billion in operating cash flow.
Duca Del Cosma Appoints East Coast Sales Rep
Duca del Cosma, the Italian golf footwear brand, has hired New York-based rep, David Schuster, to cover the Northeast.
Walmart’s Former Sports & Fitness GM Joins Bed Bath & Beyond
Bed Bath & Beyond Inc. hired Jake Griffith, most recently general manager for Sports & Fitness at Walmart, as vice president, product management.
Tecnica Group Appoints New CEO And General Manager
Tecnica Group has tapped Giovanni Zoppas as its new CEO and General Manager, effective May 2021. Zoppas will take over the role held on an interim basis by the Group’s Chairman Alberto Zanatta, after its previous CEO, Antonio Dus, left in December 2020.
Rocky Brands Appoints Board Member
Rocky Brands has appointed Ohio-based insurance executive Robyn R. Hahn to its Board of Directors.
Omega Sports Files For Bankruptcy
Omega Sports Inc., based in Greensboro, NC, filed a bankruptcy petition in the U.S. Bankruptcy Court of the Western District Of North Carolina.
PGA Show Connects Set For Mid-April
PGA Golf Exhibitions announced its first seasonal event of the PGA Show Connects 365-digital platform; the “PGA Show Connects Spring Kick-Off,” which will be held online April 14 at Virtual.PGAShow.com.
Volumental Appoints First Chief Marketing Officer
Volumental, the fit technology company based in Stockholm, announced the appointment of Brent Hollowell, formerly at Fleet Feet, as a chief marketing officer.
JCPenney Adds Swimwear And Activewear Brands
JCPenney said it is introducing three new women’s swimwear brands, Mynah, Decree and Sonnet Shores, and adding “new selections” from Champion and Puma to support its activewear offerings.
Report: Nike To Stop Selling To Six Additional Wholesale Accounts
Williams Trading’s analyst, Sam Poser, in a note stated that proprietary checks confirm that Nike will be closing six additional wholesale accounts: DSW, Urban Outfitters, Shoe Show, Dunham’s Sports, Olympia Sports and Big Five.
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