In a year-end letter to co-op members entitled, “Grateful for Our Community in a Year Like No Other,” Eric Artz, REI Co-op CEO and president, reflected on the accomplishments of the company. He also noted that while the past year had its challenges, it was also one of “profound clarity, focus and learning.”
Category: Footwear
Asics Closes Flagship Store In Manhattan
Asics shuttered its New York City flagship store on Fifth Avenue in Manhattan in December 2020 amid the prolonged impact of COVID-19. The store opened in 2017. Asics will take a 2.3 billion ($22 million) charge to cover the lease cancellation and the loss on the impairment of the related fixed assets.
J.C. Penney Resets Board
J.C. Penney, in a regulatory filing, said five members of its board had resigned following its emergence from bankruptcy proceedings through a sale to Simon Property Group and Brookfield Asset Management.
Rack Room To Merge Customer Touchpoints With Off Broadway Shoe Warehouse
Rack Room Shoes will bring the operating functions of its subsidiary, Off Broadway Shoe Warehouse, together with its own, beginning in the first quarter of 2021. When complete, customers will be able to earn loyalty points through one program, shop one e-commerce site and have the ability to pick-up, return and exchange merchandise at either of the banner’s locations.
Survey: More Than Two-Thirds Of Americans Said Their Health And Fitness Has Been Negatively Impacted In 2020
According to a new survey from Life Time, a majority of people have reported gaining weight, losing muscle and struggling with their mental health during the past year.
USTA Fulfills More Than $10 Million In Funding Commitments To Support Tennis
At the start of the COVID-19 pandemic, the USTA announced a series of financial and service-based commitments to support the tennis ecosystem in the U.S. Through the leadership of Michael Dowse, USTA CEO and executive director, more than $10 million in funding was committed to in 2020.
USA Football Introduces Coach, Education And League Leadership Advisory Councils
USA Football announced members of three advisory councils to provide the organization leadership and assistance in its efforts to create, maintain and deliver resources and support to youth football leagues and coaches. Coach, Education and League Leadership advisory councils are intended to advance USA Football’s work across grassroots levels of the sport.
Charm City Run Closes Store In Locust Point
Charm City Run closed its store in Locust Point due to the impact of the pandemic. The retailer continues to operate six other stores in the Baltimore area.
JCPenney Initiates Search For New CEO
JCPenney, which emerged from bankruptcy proceedings on December 7 under new ownership, said it has launched a search for a chief executive officer to replace Jill Soltau, who will exit the company effective December 31, 2020.
SFIA Releases 2020 Trends In Team Sports Report
Team sports participation increased 3.2 percent in 2019, largely attributed to growth in more popular team sports, such as basketball (2.9 percent), outdoor soccer (4.5 percent), flag football (3.2 percent), and lacrosse (0.8 percent) according to SFIA’s 2020 Trends in Team Sports Report.
MyTheresa Files For IPO In U.S.
German online luxury retailer MyTheresa Group GmbH’s parent company MYT Netherlands Parent B.V filed for an initial public offering in the U.S.
New Balance Signs Fourth NBA Player
New Balance has signed Denver Nuggets guard Jamal Murray to a multi-year endorsement deal. Murray had been with Adidas.
Master P And Baron Davis Exploring Buying Reebok
Baron Davis, the former two-time NBA All-Star, and hip-hop mogul Percy “Master P” Miller are in discussions with Adidas to acquire the Reebok brand.
VF Corp. Completes Acquisition Of Supreme
VF Corp. announced that it has completed its previously announced acquisition of Supreme, the streetwear brand, for an aggregate base purchase price of $2.1 billion.
Taubman Centers Approves Merger With Simon Property Group
Luxury mall owner Taubman Centers, Inc. announced that its shareholders at a special meeting approved a merger agreement between Taubman Realty Group and the biggest mall owner in America Simon Property Group
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