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.
Category: Footwear
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.
Gant Appoints Patrik Söderström As New CEO
Gant has named Patrik Söderström chief executive officer, effective February 2020. He will take over for Brian Grevy, who, as reported, is re-joining Adidas to lead Global Brands.
Online Sales Break Records On Black Friday
Overall online sales on Black Friday jumped 19.4 percent to $7.4 billion, the second-largest Internet shopping day ever, according to data compiled by Adobe Analytics. The $7.4 billion marked the biggest sales day ever for Black Friday and trailed only last year’s Cyber Monday’s $7.9 billion for the number 1 spot of all-time in online revenue, according to Adobe’s data.
Citi Trends Posts Q3 Loss
Citi Trends, which is increasing its emphasis on gift-giving merchandise and away from apparel, reported a loss in the third quarter as comps increased 2.6 percent while increasing its full-year outlook. The retailer also said it plans to annually grow store base by 25 to 30 stores and remodel 50 stores and named Peter Sachse as interim CEO.
Hudson’s Bay Bidding War Heats Up
Hudson’s Bay Company (HBC), the parent of Saks, has received a third – and higher – offer from Catalyst Capital Group to acquire the company.
Bearpaw Appoints VP Of Sales For North America
Bearpaw appointed Marty Meade as VP of sales for North America effective November 25, 2019. He was vice president of sales and brand manager for Hi-Tec and Magnum Brands.
NRF: Half Of Holiday Shoppers Have Already Started
More than half of consumers have already started their holiday shopping and nearly a quarter of purchases have already been made, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
Report: Anta Exploring Sale Of Precor
Anta Sports Products Ltd. , which acquired Amer Sports in March 2019, is exploring a sale of Precor, the fitness equipment maker, after receiving interest from buyers, according to a report from Bloomberg.
Skechers Completes New $500 Million Senior Unsecured Credit Facility
Skechers USA, Inc. announced the closing of a new $500 million, five-year, senior unsecured credit facility. This new credit facility replaces the $250 million asset-backed credit facility that Skechers entered into in 2015, which was due to expire in June 2020.
PVH Lifts Outlook As Q3 Exceeds Guidance
PVH Corp., which owns the rights to Speedo in North America, raised full-year adjusted profit forecast after its third-quarter revenue and earnings that topped Wall Street expectations.
On Partners With Roger Federer
On, the Swiss running shoe brand, has partnered with Roger Federer. The Swiss tennis legend has become an investor as well as a contributing designer and representative for the brand.
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