The National Basketball Association (NBA) today named Victor Williams CEO of NBA Africa effective August 17, 2020. His appointment was announced by NBA Commissioner Adam Silver.
Category: Footwear
Swiss Running Brand ‘On’ Announces First Professional Run Club
On, the Swiss running footwear brand, announced the debut of its first professional run crew, the On Athletics Club (OAC). Coached by Dathan Ritzenhein. The inaugural roster includes Joe Klecker, Alicia Monson, Leah Falland (O’Connor), Emily Oren, Alicja Konieczek, Carlos Villarreal, Oliver Hoare, and George Beamish.
CFDA Promotes CaSandra Diggs To President
The Council of Fashion Designers of America (CFDA) has promoted CaSandra Diggs to president of the organization.
Johnny Morris Buys Dogpatch USA, Plans Nature-Based Attraction
Dogpatch USA, a derelict theme park in northern Arkansas, has been bought by Bass Pro Shops founder and conservationist, Johnny Morris.
Amazon Exploring Turning Penney, Sears Stores Into Fulfillment Centers
Amazon is reportedly in talks with Simon Property Group to convert some vacant Sears and J.C. Penney locations into Amazon fulfillment centers, according to a report from the Wall Street Journal.
Foot Locker Sees 18 Percent Q2 Same-Store Gain
Foot Locker Inc. reported same-store sales jumped approximately 18 percent for the second quarter. Adjusted earnings are expected to be up about 24 percent but reported earnings are expected to be down due to charges to cover the wind-down of Runners Point, an Eastbay restructuring, and costs related to the national protests over race.
OBIT: Woolworth’s Harold Sells
Harold Sells, a former Woolworth CEO who is credited with helping launch the Foot Locker chain in 1974, has passed away at the age of 92.
Ultra Running To Close South End location In Charlotte
Ultra Running Company announced the closing of its location in 110 West Blvd in the South End neighborhood of Charlotte, NC. Ultra Running’s original location at Providence and Providence in Myers Park will remain open.
Retail Ecommerce Ventures Acquires Modell’s Trademarks For $3.7 Million
Retail Ecommerce Ventures, led by digital entrepreneurs Dr. Alex Mehr and Tai Lopez, has acquired the intellectual property and other assets related to its e-commerce business, for $3.7 million.
Mizuno’s Q1 Revenues Slide 32 Percent
Mizuno Corp. reported a loss in the first quarter ended June 30 as sales declined 32.0 percent.
WFSGI July Survey Finds Some Optimism Amid Pandemic
The July Edition of the COVID-19 Impact Survey from the World Federation of the Sporting Goods Industry (WFSGI) finds that COVID-19 is forecast to impact 86 percent of survey respondent’s business, slightly more compared to last month. But the survey indicated some optimism going forward.
Adidas Obtains Investment-Grade Rating By S&P And Moody’s
Following a thorough assessment by rating agencies S&P and Moody’s over the past months, Adidas has received strong first-time investment-grade ratings by both rating agencies. The ratings make Adidas one of the highest-rated companies both in Germany and in the global sporting goods industry.
Designer Brands Bolsters Financial Flexibility
Designer Brands Inc., the parent of DSW and Camuto Group, announced steps taken to enhance the company’s financial flexibility, including replacing its $400 million revolving credit facility with an equally-sized, asset-based revolving credit facility and completing a $250 million privately placed senior secured term loan. The company also provided further details on recent employee base restructuring actions and an update on store operations.
Callaway Hit By Q2 COVID-19 Restrictions; Takes Wolfskin Charge, Cancels Dividend
Callaway Golf company’s net sales decreased 34 percent to $297 million in the second quarter ended June 30, compared to $447 million for the comparable period in 2019.
Christy Sports Hires VP Of Digital
Christy Sports LLC has hired Harvey Bierman as their new VP of digital. In this newly created role, Bierman will lead the development and acceleration of e-commerce and digital marketing to enable the company’s growth strategy.
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