Modell’s Sporting Goods Inc. filed its Chapter 11 liquidation plan that calls for unsecured creditors to recover less than one percent of their claims.
Category: Footwear
Report: Nike’s Track & Field Chief Steps Down
John Capriotti, director of athletics at Nike, is stepping down after guiding the brand’s track and field sports marketing group since 1992. He will continue to work with Nike as a consultant, according to The Oregonian.
Stadium Goods Announces Chicago Store Opening Dates
Stadium Goods, the sneaker and streetwear marketplace, announced plans to open a store in Chicago, its second city after opening its first store in New York City in 2015.
Dunlop Adds Two Tennis Industry Veterans To Sales Team
Dunlop announced the addition of tennis industry veterans Macy Evert Erickson and Anibal Braga to its sales team. Erickson assumes the Territory Manager role for Northern California, while Braga will act as Territory Manager for the Southeast (SC, NC, GA, MS, AL, TN).
Nike Develops Coaching Girls Guide
Nike has partnered with We Coach, an organization that embraces recruitment, advancement and retention of women coaches in sports, on a new Made to Play Coaching Girls Guide to “help make sport fun for girls.”
Robert Gore, Inventor of Gore-Tex, Passes Away
Robert W. “Bob” Gore, chairman emeritus of the board of directors of W. L. Gore & Associates and the inventor of Gore-Tex outerwear, passed away on September 17 at the age of 83.
TJX Appoints Board Member
The TJX Companies Inc. announced that on September 16, 2020, its Board of Directors elected José B. Alvarez to the Board, effective immediately.
Deloitte Predicts Modest Holiday Gains
Holiday retail sales are likely to increase between 1 percent and 1.5 percent, according to Deloitte’s annual holiday retail forecast. Deloitte also forecasts that e-commerce sales will grow by 25 percent to 35 percent, year-over-year, during the 2020-2021 holiday season, compared to sales increasing by 14.7 percent in 2019.
Puma Golf Extends Contract With Gary Woodland
Puma Golf announced a multi-year extension of its relationship with PGA Tour professional and 2019 U.S. Open winner, Gary Woodland.
Target, Ulta Beauty, Walmart, And WeWork To Keynote ICSC’s Virtual Conference
ICSC announced a new virtual conference, Now & Next: Retail in the Age of COVID-19 to be held September 29 to 30, 2020. Keynote speakers include Brian Cornell, board chairman and CEO of Target; Mary Dillon, CEO of Ulta Beauty; Sandeep Mathrani, CEO of WeWork; and Judith McKenna, president and CEO of Walmart International.
August Retail Sales Grow As Pandemic Recovery Continues
Retail sales continued to recover from COVID-19 in August, showing a gradual improvement from July and larger gains year-over-year, the National Retail Federation said.
Dick’s SG Settles $2.9 Million Wage Deal
Dick’s Sporting Goods agreed to pay $2.9 million in a settlement between the retailer and California retail workers over apparel costs and mandatory off-the-clock security checks according to a report from HR Dive.
Foot Solutions Acquires Noene America
Foot Solutions, Inc. announced the acquisition of Noene (pronounced “Know-EEN) America.
Fleet Feet Launches Fit Id. Personalized Footwear Experience
Fleet Feet announced the launch of integrated dynamic pressure mapping as part of the brand’s in-store outfitting experience, fit id.
Apex Global Brand’s Q2 Sales Slip 21 Percent
Apex Global Brands reported sales declined 21.4 percent in the second quarter ending August 1. The net loss came to $1.3 million, or $2.38 a share, in-line with the year-ago period. The owner of Hi-Tec, Magnum, Tony Hawk and other lifestyle brands also said it entered into an amended forbearance agreement with senior secured lender on September 1.
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