Consumer spending has felt a recovery from the coronavirus pandemic more quickly than forecasted, but in looking ahead to 2020 holiday sales, the forecast resembles a jigsaw puzzle without all the pieces, National Retail Federation Chief Economist Jack Kleinhenz said in a statement.
Category: Footwear
OIA Praises Passage Of America’s Conservation Enhancement Act
The Executive Director of the Outdoor Industry Association (OIA), Lise Aangeenbrug, applauded the passage by the House of Representatives “America’s Conservation Enhancement Act” legislation reauthorizing wetlands conservation and officially establishing the National Fish Habitat program and that addresses threats from invasive species and chronic disease.
Converse Signs Eyewear Licensing Agreement
Converse Inc. and Marchon Eyewear Inc. entered into an exclusive, long-term global licensing agreement.
StreetTrend Acquires European Fashion Sneaker Brand P448 SpA
StreetTrend LLC announced that it has acquired the European based sneaker brand P448 from NoThanks SpA, headquartered in Forli, Italy. The new consolidated entity will be called P448 SpA and will become part of the StreetTrend portfolio of footwear and fashion brands.
S&P Sees Slow Recovery Ahead For Neiman Marcus
S&P Global Ratings rated a ‘CCC+’ issuer credit rating on Neiman Marcus, with a negative outlook. S&P said the luxury chain emerged from bankruptcy and lowered its funded debt, but faces a challenging path to recovery from the ongoing secular pressures that the COVID-19 pandemic has amplified.
Iconix Completes Sale Of Starter China
Iconix Brand Group Inc. said in a regulatory that it has completed the sale of Starter China Limited for $16.0 million. The Starter China sale includes the sale of the Starter brand in the mainland of China, Hong Kong, Taiwan and Macau.
MLB Flagship Store Opens In NYC
Major League Baseball opened the MLB Flagship Store, located at 1271 Avenue of the Americas in midtown Manhattan in a partnership with Legends. The location marks the league’s first permanent MLB retail store in the U.S.
K-Swiss Appoints VP Of Sales For Americas
K-Swiss announced the appointment of Dave Grange as the new vice president of sales for the Americas region.
Amer Sports Announces Senior Management Changes
Amer Sports Corp., acquired last year by Anta Sports, said Heikki Takala has decided to resign from his role as president and CEO and will move into a role as a special advisor to the Board. Jie Zheng, Anta’s executive director and group president, has assumed Takala’s responsibilities.
Academy Sports + Outdoors Announces Pricing Of IPO
Academy Sports and Outdoors Inc. announced the pricing of its initial public offering of 15.63 million shares of its common stock at $13.00 per share. Shares were priced below the projected range of $15 and $17 a share. Shares of Academy’s common stock are expected to begin trading Friday under the ticker symbol, “ASO.”
Vasque Announces Leadership And Organizational Transitions
Vasque Footwear, a family-owned outdoor footwear firm based in Red Wing, MN, hired Bryce Wernsman as president.
Dick’s SG Announces Grand Opening Of 11 Stores, New Soccer Shops
Dick’s Sporting Goods will expand its national footprint with the opening of six Dick’s Sporting Goods stores, two combination Dick’s and Golf Galaxy locations and three Dick’s Sporting Goods Warehouse Sale locations in October. The retailer will also open a limited number of Soccer Shops, a new, shop-in-shop experience, starting later this month and host its first Loyalty Appreciation Week beginning October 5.
REI Co-op Continues #OptOutside Tradition
For the sixth year in a row, REI Co-op will close its 167 locations — stores, activity centers, distribution centers, call centers, and headquarters — and pay its employees to #OptOutside on Black Friday.
Outdoor Foundation Appoints Managing Director
The Outdoor Foundation (OF), the philanthropic arm of Outdoor Industry Association (OIA), announced that Stephanie Maez, a longtime strategic policy advocate and nonprofit executive and a former state legislator from New Mexico (House District 21), has been named its new managing director.
Reebok Appoints VP, Creative Direction
Reebok today announced the appointment of Kerby Jean-Raymond to Vice President, Creative Direction across all design disciplines for Reebok.
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