J.C. Penney, which filed for bankruptcy protection on Friday, plans to close 242, or 29 percent, of its 846 stores over the next two years, according to a filing with the Securities and Exchanges Commission.
Category: Footwear
Footwear Sales Show Steep Decline In April
Hoka One One and On Running ran counter to the market by generating gains in April despite sharp declines overall due to store closures in response to the pandemic, according to The NPD Group.
Major League Soccer And US Youth Soccer Enter Strategic Partnership
US Youth Soccer (USYS) is pleased to announce that it has agreed to a strategic partnership with Major League Soccer (MLS) in a groundbreaking alliance bolstering player development in the United States.
Dow Appoints Univar Solutions As Exclusive Distributor Of Vorasurf
Univar Solutions Inc., a global chemical and ingredient distributor, announced today that it has been appointed the exclusive distributor of Vorasurf Silicone Polyurethane Additives from Dow across North America.
Nike And Adidas Among J.C. Penney’s Top Unsecured Trade Creditors
Nike was left with an unpaid bill of $32.1 million in the bankruptcy of J.C. Penney, according to court documents. Other firms in the active lifestyle space landing on the list of the top-50 unsecured creditors included Adidas, owed $7.1 million; Supreme International, $5 million; Izod, $4.6 million; and New Balance, $3.2 million.
Under Armour Names Mohamed A. El-Erian As Lead Independent Director
Under Armour, Inc. announced that Mohamed A. El-Erian, a board member since 2018, has been appointed lead independent director of the company’s Board of Directors. El-Erian succeeds A.B. “Buzzy” Krongard, who has served in the lead director role since 2006.
Thin Air Virtual Media Show Invites Retailers To Register
Thin Air, the new virtual trade show for the outdoor industry to be held from June 24 to 26, has opened up registration to outdoor specialty retailers.
The Big Gear Show Postpones Inaugural Event To 2021
The Big Gear Show (BGS), an outdoor industry trade show focused on hardgoods, with an emphasis on paddling, cycling, climbing, and camping gear, announced the cancellation of its inaugural event, originally planned for July 22 to 25 in Salt Lake City.
VF Corp.’s Q4 Sales Sink 11 Percent
VF Corp. reported revenue in the fourth quarter ended March 31 decreased 11 percent on a reported basis and fell 10 percent in constant dollars. Among key brands, currency-neutral sales were down 6 percent at Vans, 13 percent at The North Face, 18 percent at Timberland, and 2 percent at Dickies. Companywide sales and adjusted earnings both missed Wall Street’s targets.
University Of Akron Cutting Three Athletics Programs
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.
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.
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