Dick’s Sporting Goods announced it will close all store locations and distribution centers on Thanksgiving Day, November 26, 2020. The company also announced that store and distribution center employees will continue to receive a 15 percent pay premium through the end of the year with the challenges presented by COVID-19.
Category: Footwear
Under Armour Execs Receive Wells Notice From SEC Linked To Accounting Probe
Under Armour Inc. in an 8K filing Monday said Kevin Plank, founder, executive chairman and brand chief, and David Bergman, CFO, have received a “Wells Notice” from the Securities and Exchange Commission (SEC) regarding the company’s questionable accounting practices covering Q315 to Q416.
Dick’s SG Rolls Out Online BTS Campaign
Dick’s Sporting Goods has partnered with TikTok’s Nicole Laeno, actor Miles Brown and NBA Stylist Calyann Barnett on a 30-second digital spot, “Your Day Starts Here,” supporting back-to-school fashions.
Iconix Brand Group’s Debt Ratings Lowered
S&P Global Ratings downgraded the ratings of Iconix Brand Group to ‘CCC+’ from ‘B-‘ on the elevated likelihood for a debt restructuring. The outlook is negative.
Academy Sports Ranks Third Among Houston’s Private Corporations
Academy Sports + Outdoors again ranked third in the Houston Chronicle’s list of the 100 Top Private Companies in Houston. Academy CEO Ken Hicks told the Chronicle, “Academy has historically performed well in those stressful times, be they the 2008 recession, (Hurricane) Harvey and COVID-19.”
Neiman Marcus To Close Four Department Store Locations
Neiman Marcus, which filed for Chapter 11 bankruptcy protection on May 7, said it is permanently closing its Hudson Yards location in Manhattan, along with two stores in Florida — Fort Lauderdale and Palm Beach — and in Bellevue, WA. The retailer also plans to close 17 Last Call outlets.
Under Armour Signs WNBA Rookies As Ambassadors
Under Armour has signed Bella Alarie and Tyasha “Ty” Harris, both recently drafted by the rising Dallas Wings, and fellow WNBA rookie Kaila Charles of the Connecticut Sun to its team of ambassadors.
Under Armour Reveals Newest Diversity, Inclusion Efforts
Under Armour Inc. said it will commit to ensuring 12 percent of its employees at the director level or higher are Black by 2023 as part of a series of initiatives “to support a more diverse and inclusive future.”
Mizuno To Sponsor Honolulu Marathon
Mizuno has been confirmed as a supporting sponsor of the 2020 Honolulu Marathon.
Skechers Q2 Revenues Tumble 42 Percent
Skechers USA reported a steep loss in the second quarter ended June 30 as sales plunged 42.0 percent due to store closures tied to COVID-19. The brand said more than 90 percent of its Skechers stores have re-opened and some markets are in the early stages of recovery, including a return to growth in China.
Under Armour Appoints Senior Director Of Sales In EMEA
Under Armour has appointed Phil Fox as senior director of sales in EMEA, according to Fashion Network.
Adidas Appoints General Manager, France
Adidas has appointed Mathieu Sidokpohou as general manager of France, replacing Guillaume de Monplanet, according to Fashion Network.
Eric McCrite Company Strikes Multi-Year Licensing Deal For Pastry Brand
Eric McCrite Company and Vida Shoes International Inc. announced a new licensing agreement for the Pastry brand of dance footwear, clothing, and accessories.
Sports & Fitness Industry Does Not Expect Full Return In 2020
Seventy-two percent of companies now anticipate that sales will not return to pre-COVID-19 numbers until 2021, and 53 percent report not until Q2 of 2021, according to the SFIA’s 3rd Edition of its monthly COVID-19 Industry Impact Report.
Foot Locker Implements New Organizational Structure
Foot Locker Inc. announced a new organizational structure designed to elevate the customer experience. The moves include the appointment of Frank Bracken as CEO of North America, Andy Gray as chief commercial officer and Scott Martin as CEO of Asia Pacific. Lew Kimble and Jake Jacobs are retiring.
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