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.
Category: Footwear
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
Bass Pro’s Planned Acquisition Of Sportsman’s Warehouse Seen As Credit Positive
Moody’s Investors Service said that Bass Pro Group, L.L.C’s planned acquisition of Sportsman’s Warehouse Holdings Inc. for approximately $800 million is a credit positive, but has no impact on the company’s ratings or outlook.
Adidas Raises Commitment To Sustainable Products
Adidas AG said more than 60 percent of its products will be made with sustainable materials in 2021. From 2024 onward, Adidas is committed to using only recycled polyester.
Dick’s SG To Close Clearance Outlet In Wisconsin
Dick’s Sporting Goods is scheduled to close a Dick’s Clearance Outlet in Racine, WI permanently on January 16, according to a report from The Journal Times.
Adidas Signs Top NBA Draft Pick
Adidas signed Anthony Edwards, the first overall pick in the 2020 NBA Draft, to an endorsement deal, according to The Athletic.
Weyco Group Accelerates Dividend Payment Date
Weyco Group, Inc. announced that it is accelerating the payment date for its previously declared and announced regular quarterly dividend to December 31, 2020.
Mastercard: Holiday Retail Sales Grew 3.0 Percent
According to Mastercard SpendingPulse, holiday retail sales, excluding automotive and gasoline, increased 3.0 percent this expanded holiday season, running from October 11 through December 24. Notably, online sales grew 49.0 percent compared to 2019, the preliminary insights show.
Registration Opens For Virtual 2021 PGA Merchandise Show
Registration for the virtual 2021 PGA Merchandise Show, January 26 to 29, 2021, is now open for PGA and LPGA Members, golf buyers and industry professionals at PGAShow.com.
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