The University of Akron said it is eliminating men’s golf, women’s tennis and men’s cross country as part of a plan to reduce 23 percent of its athletics budget.
Category: Footwear
Nike Partners With The University Of Indianapolis
The University of Indianapolis athletics department entered into a multi-year partnership with Nike through BSN Sports. The agreement, which will commence on July 1 is part of BSN Sports’ Collegiate Select program.
Columbia Sportswear To Reopen 30 U.S. Stores With An Eye On Safety And Helping Communities
Columbia Sportswear Co. will reopen 30 Columbia branded stores in ten states on Friday, May 15, 2020, bringing back more than 250 of its furloughed retail workers.
Yue Yuen Q1 Revenues Slump 20.6 Percent
Yue Yuen Industrial (Holdings) Limited, the largest sports footwear manufacturer, recorded revenue of $1.97 billion in the three months ended March 31, representing a decrease of 20.6 percent compared to revenue of $2.48 billion recorded in the same period of 2019.
Asics Ventures Invests In Israeli Synthetic Spidersilk Startup
Asics Corp. announced that its investment subsidiary, Asics Ventures Corporation, has invested in Seevix Material Sciences Ltd., which was founded in 2014 following over a decade of academic research at the Hebrew University.
Under Armour Partners With The University Of Texas Rio Grande Valley
Under Armour has become the official athletic footwear, apparel and accessory brand of the University of Texas Rio Grande Valley (UTRGV) in a collaboration with BSN Sports.
Under Armour Amends Credit Agreement
Under Armour, Inc. entered into an amendment to its loan with JPMorgan Chase Bank that suspends the interest coverage covenant and lowers the debt to EBITDA ratio requirement under its leverage covenant.
NRI Distribution Hires Marketing Manager
NRI Distribution, a third-party logistics (3PL) provider for aspirational lifestyle brands, hired Kelley Meidroth to a newly created marketing manager role. NRI also unveiled a new website and reported positive e-commerce news.
REI To Open New Store In South Carolina In August
REI plans to open a store in the BullStreet District of Columbia, SC in August. The opening had been expected in May but was delayed in response to COVID-19.
Cat Footwear Appoints Chip Coe As President
Chip Coe has been named the new global brand president of Cat Footwear, a division of Wolverine World Wide Inc.
L.L. Bean Reopens Bike, Boat, Hunting And Fishing Stores In Freeport
L.L. Bean has re-opened its Bike, Boat & Ski Store and its Hunting & Fishing Store in its home town of Freeport, ME. The openings are in line with guidelines provided by Maine officials that deemed bike shops, fishing supply stores, and federally licensed firearms dealers as essential retailers.
PeopleForBikes Adds 60 New Member Companies
PeopleForBikes reported that 60 bike businesses have joined the industry coalition as new members since the organization merged with the Bicycle Product Suppliers Association (BPSA) in 2019.
Caleres To Reopen Retail Stores
Caleres Inc. said it has begun a phased reopening of its Famous Footwear and branded – Allen Edmonds, Naturalizer and Sam Edelman – retail stores in a safe and systematic manner.
Iconix’s Q1 Revenues Slump 22 Percent
Iconix Brand Group, the parent of Starter, Danskin and a number of other fashion and active brands, reported a loss after impairment charges in the first quarter on a 22 percent sales decline due, in part, to pressures from COVID-19. Iconix said it signed 41 license deals during 2020 and is making progress in improving its cost structure.
TJX Cos. Begins Reopening Stores
TJX Cos., the parent of TJ Maxx, Marshalls and Sierra, has started to reopen stores with a focus on safety. Associates are being required to wear face masks and social distancing work practices are being implemented.
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