DSW Inc. appointed Ekta Singh-Bushell to the company’s board of directors.
Category: Footwear
StockX Secures $44M In Series B Funding
StockX, the sneaker and luxury products marketplace, announced that the company has closed a $44 million Series B funding round co-led by global technology-focused investment firms GV (formerly Google Ventures) and Battery Ventures.
SFIA: Sports Industry On The Mend
The sporting goods industry not surprisingly bounced back in 2017 after a brutal 2016 marked by the liquidation of Sports Authority, according to the 2018 SFIA State of the Industry Report. But the report still finds a cautious outlook for most industry players with many struggling to adjust to the digital disruption of retail.
Cherokee Global Brands’ Goal: ‘Think Like A Retailer’
A second-quarter net loss and revenue decline didn’t appear to derail Cherokee Global Brands. The company beat Wall Street estimates and then saw shares jump 17 percent, or 15 cents, in midday trading Friday before moderating to low-double-digit growth later in the day.
Aisle Talk Week of September 10
Top headlines from the active lifestyle industry you may have missed this week, including the results of a new poll from Quinnipiac University that shows American voters approved, by a ratio of 49-to-37 percent, Nike’s decision to include Colin Kaepernick in the company’s “Just Do It” anniversary ad campaign.
Sears Holdings Widens Q2 Loss
Sears Holdings Corporation reported a net loss of $508 million, or $4.68 a share, compared to a net loss of $250 million, or $2.33, for the second quarter of 2017. Total sales were down 25.6 percent due to store closings. Comps slid 3.9 percent.
Louisiana Mayor Rescinds Nike Ban
The mayor of Kenner, LA who banned his city’s recreation department from buying Nike products after news of Nike’s controversial Colin Kaepernick ad, is rescinding his order.
PGA Tour Superstore Opens In Indianapolis
PGA Tour Superstore announced the Grand Opening of its newest store in Indianapolis on Saturday, September 22.
Nike’s Colin Kaepernick Ad Earns Wide Approval From Younger Millennials
According to new poll from Quinnipiac University, American voters approved by a ratio of 49-to-37 percent of Nike’s decision to include Colin Kaepernick in the company’s “Just Do It” anniversary ad campaign. The results showed a wide age gap as voters 18 to 34 years old approve 67-to-21 percent while voters over 65 years old disapprove by a narrow 46-to-39 percent.
Cherokee Global Brands Revenues Dip 10 Percent in Q2
Cherokee Global Brands on Thursday reported revenues were down 10 percent for the second quarter reflecting the continuing transition from the company’s direct-to-retail licenses in the United States to wholesale licenses.
SGB Executive Q&A: Garmont North America CEO Bill Dodge
When Bill Dodge was named CEO of Garmont North America in 2014, he took the reins of a footwear company that was emerging from bankruptcy, adjusting to new private ownership, repositioning after shedding its ski boot division and searching for a U.S. headquarters locale. He spoke with SGB recently about the brand’s revival.
Nike To Sell On Walmart’s Jet.com
Walmart-owned Jet.com will start offering Nike product in October ahead of the holiday season as part of a relaunch focused on urban dwellers. Converse will also be available.
Jordan Brand Partners With Paris Saint-Germain
Nike said the Jordan Brand launched its first collection with a football club, Paris Saint-Germain. The collection will feature over 90 performance, training and lifestyle products. The Jordan Brand this season will also make the company’s UEFA Champions League debut.
PGA Tour Superstore Brings Personalization To Website
PGA Tour Superstore has launched a new e-commerce store that enables customers to discover products, get recommendations and trends based on their interests and buy right from their phones or tablets.
Pocket Outdoor Media Appoints New CEO
Andrew Pemberton, a 20-year veteran of publishing and former executive of Panache Cyclewear, has been named chief executive officer of Pocket Outdoor Media, the holding company that publishes VeloNews, Triathlete, Women’s Running, Competitor and VeloPress books.
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