Nike has stopped selling to Frank’s Sport Shop, the family-owned sporting goods store operating in the Bronx since 1922, according to a report in the Daily News.
Category: Footwear
Howard Clothing and Sporting Goods To Close
Howard Clothing and Sporting Goods in Shenandoah, IA is closing as the store’s owners are retiring.
Imports Set New Record As Retailers Replenish Inventories And Stock Up For Holidays
Imports reached an all-time high this summer as retail sales bounced back from the pandemic and merchants replenished inventories and stocked up early for the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Report: Nike Undergoes Second Round Of Layoffs
Nike, this week, laid off a sizeable number of senior directors who oversaw athletic specialty retailers, family footwear and department stores, according to a report from Susquehanna Financial Group. The layoffs followed a first-round over the summer that affected more than 100 vice presidents and comes after the company warned of layoffs in July.
FDRA Completes Merger With FFANY
The Footwear Distributors and Retailers of America (FDRA) announced it has assumed the management of the Fashion Footwear Association of New York (FFANY) operations. FDRA President and CEO Matt Priest will oversee the union and FFANY’s Executive Director John Heron will become a strategic advisor.
UCLA To Wear Under Armour This Year Despite Dispute
UCLA will continue to wear Under Armour this season despite filing a lawsuit over Under Armour’s move to terminate its contract.
L.L.Bean Expands Wholesale Push To Zappos
L.L.Bean has added Zappos as a wholesale partner. In mid-July, L.L.Bean marked its first foray into wholesale in the U.S. with distribution deals formed with Nordstrom, Staples and Scheels.
Dick’s SG To Increase Holiday Hires
Dick’s Sporting Goods plans to hire up to 9,000 holiday workers, 1,000 more than last year to support expected continued strength in online orders for curbside or in-store pickups amid the pandemic.
The Buckle’s September Comps Expand 23 Percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 5-week period ended October 3, 2020 increased 22.9 percent.
Academy Sports’ Debt Ratings Upgraded
Academy Sports’ debt ratings was upgraded by Moody’s due to its October 2 initial public offering and better than anticipated Q220 operating performance.
Textile Trade Group Opposes GSP Expansion To Apparel And Footwear
The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles, from fiber to finished sewn products, voiced strong support for a House resolution opposing the inclusion of apparel, textile and footwear products in the Generalized System of Preferences (GSP) program.
MEC Sale Gains Court Approval
A court in British Columbia approved the sale of MEC (Mountain Equipment Co-op) to Kingswood Capital Management, a California-based private-equity firm over calls by a group protesting the sale.
Grassroots Outdoor Alliance Confirms Fall Show Dates
Grassroots Outdoor Alliance has confirmed fall show dates for its Connect buying show through 2024. Upcoming fall shows for Grassroots Connect will be held in the Kansas City Convention Center with confirmed dates including November 8-11, 2021; November 7-10, 2022; November 6-9, 2023; and November 14-17, 2024.
Adidas Appoints New HR Chief
Adidas has appointed Amanda Rajkumar, an executive from French bank BNP Paribas, as its new head of human resources.
USTA, Genesis Health Clubs Partner To Grow Tennis Participation
The USTA and Genesis Health Clubs announced a strategic partnership that brings together the national governing body for tennis in the United States with one of the largest health and tennis club companies in the country.
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