Wolverine Worldwide Inc. announced a significant update on its ongoing PFAS/environmental exposures in the state of Michigan. The agreement, which will be finalized for approval, calls for Wolverine to pay $69.5 million over five years to cover the cost of extending new municipal water to affected areas.
Category: Footwear
Darn Tough Vermont Appoints Director Of E-Commerce
Darn Tough Vermont, U.S. manufacturer of performance outdoor and lifestyle socks, announced the appointment of Ryan Dahlstrom as Director of E-Commerce. As the company continues to experience growth at retail and online, Dahlstrom will be responsible for the brand’s global e-commerce trajectory and that it remains strategic and complementary to the business model. Having most […]
Yue Yuen Shows Modest Gain In November
Yue Yuen reported revenue reached $864.4 million in November against $852.2 million a year ago, representing a gain of 1.4 percent.
ISlide Secures Equity Funding
ISlide, the developer of custom slide sandals, closed its most recent investment round by adding three new prominent major investors. The investors include Milwaukee Bucks president Peter Feigin, Memphis Grizzles forward Jae Crowder, and former president of Adidas Sports Licensed division and Lids David Baxter.
Nike Employees March At Headquarters For Women’s Rights
Hundreds of Nike employees on Monday marched in protest at its headquarters over the company’s treatment of women , according to local and national reports. This march took place as Nike reopened a building named after disgraced running coach Alberto Salazar, the coach of Nike’s shuttered Oregon Project.
Sarah Bany Steps Down From Columbia Sportswear’s Board
Columbia Sportswear Company announced that Sarah A. Bany, a longtime director of the company, notified the board of directors of the company on December 9, 2019 of her decision to resign from the board, effective immediately, in order to focus on administering Gert Boyle’s estate. Bany is a daughter of Gert Boyle and a sister of Tim Boyle.
DSW Parent Cuts Outlook On Q3 Miss
Designer Brands Inc. lowered its guidance for the year after reporting third-quarter results came in below Wall Street’s targets in part due to warm weather and the impact of tariffs.
Genesco Lifts Full-Year Guidance On Journeys’ Q3 Momentum
Genesco Inc. raised its outlook for the year after reporting third-quarter profit and same-store sales rose above expectations.
Among its segments, same-store sales grew 4 percent at Journeys and improved 3 percent for Schuh while falling 6 percent at Johnston & Murphy.
Former Iconix Brand CEO Charged With Accounting Fraud
Neil Cole, Iconix Brand Group’s founder and former CEO, has been charged with accounting fraud while Seth Horowitz, Iconix’s former COO, pled guilty to related charges.
Adidas Partners With Fresno State Athletics
Fresno State Athletics announced that Adidas will replace Nike as its official athletic footwear, apparel and accessory brand in a 6-year partnership through the 2026 season. The agreement is effective June 1, 2020.
Nike’s ‘Sport Changes Everything’ Ads Halted by N.C. Court
Nike Inc.’s “Sport Changes Everything” ad campaign was halted by a North Carolina federal court based on likely confusion with Fleet Feet Inc.’s “Sports Change Everything” and “Running Changes Everything” trademarks.
Vans Donates Over $1M To Fuel Creativity
Vans commemorated the inaugural #VansCheckerboardDay held on November 21 and its more than $1 million donation to Imagination.org and announced the creation of the Vans Checkerboard Fund, a global grant program that will provide monetary support to back creative expression.
New Balance Brings Women’s Empowerment Program To Global Footwear Suppliers
New Balance Athletics, Inc. announced it is adopting Gap Inc.’s P.A.C.E. (Personal Advancement & Career Enhancement) program, an innovative education and training initiative, to help improve the lives of women workers in its global supply chain.
Altra Appoints Senior Director Of Sales
Altra, which is owned by VF Corp., welcomed Chuck Ponthier as senior director of sales. Most recently, Ponthier served as the vice president of North American sales at Toms.
L.L.Bean To Open In Salem, NH
L.L.Bean announced its newest retail location in the Granite State will open in the fall of 2020. The L.L.Bean retail store will be located at Tuscan Village, a premier lifestyle destination in Salem, NH.
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