San Diego Loyal SC announced a multi-year partnership with Adidas ahead of the club’s inaugural season in the USL Championship this spring.
Category: Footwear
VF Corp Reduces Full-Year Guidance After Q3 Revenue Miss
VF Corp cut its full-year revenue and profit forecast on Thursday after missing Wall Street estimates for third-quarter revenue due to a shortfall in the U.S. On a currency-neutral basis in the quarter, sales grew 13 percent at Vans, 4 percent at The North Face and 13 percent at Dickies. Timberland’s sales were down 5 percent.
Legacy Global Sports Appoints CEO Of Global Premier Soccer
Legacy Global Sports announced Keith Caldwell as chief executive officer of Global Premier Soccer (GPS).
Golf Town Signs Canada’s Winningest Professional Golfer
Golf Town, Canada’s largest golf retailer, and Brooke Henderson, Canada’s winningest professional golfer, announced that they have extended their long-standing partnership to a three-year agreement.
Puma Signs Current Long Jump World Champion
Puma signed current long jump World Champion Tajay Gayle.
Under Armour To Retire UA Record
Under Armour said UA Record, its mobile app for tracking fitness and weight changes, will be retired on March 31, 2020 and will no longer operate. Users who have been tracking workouts on UA Record are being encouraged to transition to MapMyFitness app.
Felix Capital Raises $300 Million In Funding
London-headquartered Felix Capital, which has already invested in the likes of Peloton, Highsnobiety, Farfetch and Goop, has raised an additional $300 million to continue its strategy of investing in digital lifestyle brands.
Puma Signs First American Professional Soccer Team
New Mexico United announced a new partnership with Puma, becoming the first American professional soccer team to partner with Puma.
Brand Velocity Acquires Altama And Original S.W.A.T.
Brand Velocity Partners (BVP), a private equity firm focused on acquiring lower-middle market consumer businesses, announced it has purchased Original Footwear Inc., the parent of the Altama and Original S.W.A.T. footwear brands.
StockX’s Resale Market Surpasses $1 Billion In GMV In 2019
StockX, the sneaker resale marketplace, announced it surpassed $1 billion in gross merchandise value (GMV) in 2019 and grew global buyer and seller registrations by more than 100 percent.
Fleet Feet To Open Two Locations In Texas
Fleet Feet announced its plans for expansion in Texas in 2020 with the opening of two new locations. The first location will open in San Antonio in March and will become the third San Antonio store for the brand. The second location will open in Plano in April and will mark the first Fleet Feet location in the Dallas area.
JCPenney To Close Six Stores This Spring
JCPenney will close six stores by April 24. The stores are in Montana, New York, North Carolina, Ohio, Oklahoma and South Carolina.
Moody’s Sees Continuing Challenges For Department Stores In 2020
Moody’s, in a new report, predicted that “another dismal year” for U.S. department stores will accelerate change in 2020. The sector heavily underperformed the broader retail industry last year despite continued investments and offering updates, the still-solid growth of the U.S. economy and strong consumer spending.
Under Armour To Introduce Joel Embiid Signature Shoe
Philadelphia 76ers All-Star center Joel Embiid announced he will launch his first signature shoe with Under Armour later this fall.
Target’s Holiday Comps Miss Plan
Target reported same-store sales were up 1.4 percent for the holiday season, below the chain’s forecast of 3 to 4 percent growth and well below holiday 2018’s 5.7 percent comp performance.
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