Adidas announced a new long-term deal with Fear of God’s Jerry Lorenzo. The Los Angeles-based designer will “drive the creative and business strategy for Adidas basketball globally,” according to a statement from Adidas.
Category: Footwear
RIA Elects New Slate Of Directors for 2021
The Running Industry Association (RIA) voting for the organization’s 2021 Board of Directors concluded last night adding five new directors to replace an equal number of departing directors.
REI To Close Settlers Ridge Location In Pittsburgh
REI plans to close its Settlers Ridge store in Pittsburgh permanently after 11 years.
Concepts Opens New Store In New York City
Concepts announced the opening of a new store in New York City, at 99 University Place in the Union Square neighborhood. The 2,500-square-foot space is the fourth Concepts retail location adding to the brand’s presence in Boston, Shanghai and Dubai.
Orvis Appoints Chief Product Officer
Orvis announced that Reenie Benziger has been named chief product officer. Prior to Orvis, Benziger served as VP, global apparel at Nike.
Mizuno Renews Sponsorship Of NFCA
The National Fastpitch Coaches Association (NFCA) agreed to a multi-year official sponsorship renewal with Mizuno USA.
Nike’s Q2 Revenues Climb 9 Percent On Digital Momentum
Nike Inc. reported earnings rose 12.2 percent in the fiscal second quarter ended November 30 on a 9 percent revenue gain. Results came in well ahead of Wall Street’s estimates. The sales gains were led by an 84 percent hike in digital sales and a 24 percent gain in Greater China.
Poshmark Files For IPO
Poshmark, the secondhand e-commerce platform, filed for an initial public offering (IPO).
More Than 150 Million Plan To Shop On Super Saturday
More than 150 million U.S. consumers plan to shop on Super Saturday this year, up slightly from 147.8 million in 2019, according to the annual survey released by the National Retail Federation.
Under Armour Completes Sale Of MyFitnessPal
Under Armour Inc. announced that it has completed the sale of the MyFitnessPal platform to Francisco Partners.
Dick’s SG Partners For Same-Day Delivery
Dick’s Sporting Good and Instacart announced that the companies have partnered to launch same-day delivery from more than 150 stores.
NRF Encourages Retail Workforce To Be Included in Early Vaccine Recipient Groups
The National Retail Federation’s President and CEO Matthew Shay issued a statement advocating for the retail workforce to be included among the early recipient groups for the COVID-19 vaccine.
Astral Names New Rep For Texas Region
Astral said Stephen Seaton will represent the footwear brand across Texas, Arkansas, Louisiana and Oklahoma.
Shoe Carnival Announces New $50 Million Share Repurchase Program
Shoe Carnival, Inc. announced that its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2021.
FDRA Promotes Thomas Crockett To Vice President
The Footwear Distributors & Retailers of America (FDRA) elevated Thomas Crockett to vice president, government affairs.
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