Jon Wexler, VP GM of Yeezy, will leave Adidas on August 31.
Category: Footwear
Swiss Running Brand On Launches Experiential Laboratory At Fred Segal
On, the Swiss performance brand has partnered on an in-store activation with Fred Segal, including a monthly-rotating experiential laboratory at the chain’s flagship location on Sunset Blvd. in West Hollywood, CA.
Nike Ends Relationship With Neymar
Nike has parted ways with Brazilian star forward Neymar a decade and a half after signing the star striker as a 13-year-old prodigy.
Walmart To Sell Shoes.com To CriticalPoint Capital
Walmart has agreed to sell Shoes.com to CriticalPoint Capital, the Los Angeles based private investment firm and owner of JackRabbit and Olympia Sports, according to a report from Bloomberg.
Crocs Chief People Officer Selected As Denver Business Journal 2020 C-Suite Award Winner
Crocs’ Senior Vice President and Chief People Officer, Shannon Sisler, was honored by the Denver Business Journal in their annual C-Suite awards, which recognize outstanding C-level executives for their invaluable contributions to the Denver region.
Hibbett Sports Crushes Wall Street’s Q2 EPS Targets
Hibbett Sports Inc. reported adjusted earnings of $50.0 million, or $2.95 per share, well above Wall Street’s consensus estimate of $1.15. Comparable sales catapulted 79.2 percent.
REI To Open Stores In Pigeon Forge, TN And Appleton, WI
REI Co-op will open new stores in Pigeon Forge, TN and Appleton, WI in September. The openings will mark REI’s fifth location in Tennessee and third in Wisconsin.
Lord & Taylor Closing All Locations
Lord & Taylor, which filed for bankruptcy on August 2, announced Thursday that all of its 38 remaining stores and website have begun liquidation sales. The retailer had said last week that it planned to keep 14 locations open.
UCLA Sues Under Armour For Ending $280 Million Sponsorship Deal
UCLA filed a lawsuit against Under Armour for ending the university’s $280 million sponsorship deal. The school is seeking more than $200 million in compensation.
Aptean Acquires Innovative Systems
Aptean, a provider of enterprise software solutions, announced the acquisition of Innovative Systems, LLC, a provider of enterprise resource planning (ERP) software solutions and electronic data interchange (EDI) mapping and transaction support services to the apparel, footwear and accessories industries in North America.
Golf Rounds Surge In July
Golf rounds jumped 19.7 percent in July, continuing the recovery following the reopening of golf courses across the country starting in May, according to Golf Datatech. For the year-to-date period, rounds played are now ahead 3.0 percent.
Burlington Stores’ Q2 Sales Slide 39 Percent
Burlington Stores Inc. reported a loss of $37 million in the second quarter as revenues declined 39 percent. The off-pricer was able to significantly improve liquidity and reduced inventories 26 percent at the end of the second quarter.
Grassroots Outdoor Alliance Partners With NuOrder
Grassroots Outdoor Alliance, the national organization for independent specialty retailers, will partner with NuOrder to utilizing its collaborative digital buying platform to help the retail buying process.
Hibbett Sports Announces New Field Leadership Team
Hibbett Sports announced a newly formed field leadership team resulting from promotions, reassigned geographic territories and new hires, along with new strategic initiatives for better alignment and growth. The team led by industry veterans Mike Longo, president and CEO, Hibbett and Ben Knighten, SVP operations, Hibbett, is comprised of seven members made up of six regional vice presidents and one vice president of operations for City Gear stores.
Frasers Group Puts Bob’s Stores Under Strategic Review
Frasers Group, the parent of Sports Direct, announced it will immediately put its subsidiary Bob’s Stores under strategic review after Nike cut ties with the U.S. chain.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal