Eddie Bauer will pull its advertisements from Facebook in support of the w “#StopHateforProfit” campaign.
Category: Footwear
Crossfit Finds New Owner
Crossfit is being sold to Eric Roza, the owner of CrossFit Sanitas in Boulder, CO. The sale follows controversial statements from Founder Greg Glassman after the death of George Floyd.
Foot Locker Commits $200 Million To Support Black Community
Foot Locker Inc. will invest $200 million over the next five years to support the black community through investments in black-owned businesses within youth culture, purchases from more products from black-owned brands and donations to organizations that create economic development and advancement opportunities for minorities.
New York City Marathon Canceled Due To Pandemic
The 2020 TCS New York City Marathon, set to take place on November 1, has been canceled. New York Road Runners (NYRR), the event organizer, in partnership with the Mayor’s Office of the City of New York, have made the decision to cancel the world’s largest marathon due to coronavirus-related health and safety concerns for runners, spectators, volunteers, staff, and the many partners and communities that support the event.
Amazon Establishes Counterfeit Crimes Unit
Amazon announced it has established a new Counterfeit Crimes Unit, dedicated to bringing counterfeiters that violate the law and Amazon’s policies by listing counterfeit products in its store to justice.
Crocs Celebrates Opening Of New Global Headquarters
Crocs Inc. announced the opening of their new corporate headquarters in Broomfield, CO, less than 20 miles outside of downtown Denver. In addition to the nearly 375 current positions, the approximately 90,000 square foot state-of-the-art facility will allow the company to significantly expand its ability to hire more full-time jobs.
Crocs To Open Second Distribution Center In Ohio
Crocs is planning to build a second distribution center in Dayton, OH, next to its warehouse opened last year near the Dayton International Airport.
JD Sports Buys Back Go Outdoors After Pushing It Into Administration
JD Sports reacquired the Go Outdoors chain for £56.5 million after putting it into administration.
Amazon Sets $2 Billion Climate Pledge
Amazon announced the launch of a $2 billion internal venture-capital fund focused on technology investments to reduce the impact of climate change. The Climate Pledge Fund program will back visionary companies whose products and services will facilitate the transition to a zero-carbon economy.
J.C. Penney To Close 13 More Stores
J.C. Penney Co., which filed for bankruptcy proceedings on March 15, disclosed an additional 13 stores it plans to close on top of the 136 being liquidated.
Puma Opposes Nike’s “Footware” Trademark Application
Puma has initiated opposition proceedings in connection with Nike’s application to use the word “footware” for use on sneaker-specific software products and services, according to thefashionlaw.com.
New Balance Foundation Donates To COVID-19 Response Efforts
New Balance Foundation announced it has confirmed the second round of funding as part of its pledge earlier this year to donate $2 million in non-profit grants in response to the COVID-19 pandemic. Adding to the New Balance Foundation’s initial distribution of $500,000, select organizations from the Foundation’s network of more than 60 grantees recently received a combined total of $1.25 million in New Balance Foundation COVID-19 grants.
Fleet Feet Finds E-Commerce Boost Amid Pandemic
Fleet Feet has reopened 170 of its 184 stores in some capacity to strong initial results for many franchisees, according to a profile in Forbes. A decision to build a shared, central e-commerce site for all stores proved to be beneficial as stores were closed.
UK’s Go Outdoors Exploring Administration
Go Outdoors, the 67-unit outdoor chain based in the U.K., is exploring administration, a process similar to U.S. bankruptcy. The move was confirmed its owner by JD Sports.
Artémis To Trim Stake In Puma
Artémis, the holding company of French entrepreneur François Pinault, announced a new €500 million bond offering in Germany convertible into Puma shares in 2025.
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