According to the Bid Procedures outlined in the bankruptcy proceedings, if no Qualified Bids, other than the Stalking Horse Bid, were received by the bid deadline of August 20, 2024, no auction would be conducted.
Category: Footwear
Abercrombie & Fitch Elects New Board Director
The global omnichannel specialty retailer of apparel and accessories, elected Andrew Clarke to its Board of Directors, effective August 21, 2024. Clarke is the global president of Mars Snacking, a division of Mars, Inc.
BOA and Primaloft Parent Compass Diversified Appoints New CFO
Effective August 31, 2024, Stephen Keller will assume the role of chief financial officer at Compass Diversified (CODI), succeeding Ryan Faulkingham. Faulkingham, who has served as the company’s CFO since July 2013
Skechers Signs Football Legend Ruud Gullit
The former Netherlands National Team Captain will appear in Skechers marketing campaigns as the brand’s first ambassador for Benelux.
Adidas and Patrick Mahomes Sign Six Texas Tech Student/Athletes to Team Mahomes
Adidas and Patrick Mahomes signed six student-athletes at Texas Tech University to NIL deals on August 23. The contracts follow just weeks after Adidas signed a deal with school to be the official footwear, uniform, apparel, and accessory partner of the Texas Tech Red Raiders.
Adidas Originals x Edison Chen Release The Clot August Collection
Adidas Originals and Edison Chen debuted the next chapter of their collaboration with the updated Clot Gazelle in linen khaki and blue and their first global apparel range with the Clot August Collection by Edison Chen.
Johnnie-O Welcomes Dave Neville as Senior VP of Marketing
Neville brings over two decades of experience in marketing and brand management, with a career that includes senior roles at Callaway Golf. He has also been at the forefront of digital and social media trends and content marketing, hosting the Callaway Talks YouTube show and The Fitting Room podcast.
Asics Adds Taylor Fritz to Global Athlete Roster
An Olympic bronze medalist in men’s doubles, four-time Grand Slam quarterfinalist, and career-high No.5 worldwide, Fritz will enhance the brand’s tennis ambassador portfolio.
HeyDude Signs Sydney Sweeney as Global Spokesperson
HeyDude and Sydney Sweeney signed a long-term, global partnership timed with the brand’s latest brand campaign.
The Buckle Reports Shrinking Q2 Profit as Comps Continue Slide
Comparable store net sales for the second quarter decreased 6.6 percent year-over-year. Online sales decreased 15.2 percent to $37.0 million in Q2, compared to net sales of $43.6 million for the 2023 Q2 period.
EXEC: Globe Intl Sees Fiscal Year Profit Upside as Apparel Grows
North America total segment revenue was A$82.5 million for the fiscal year, compared to A$94.1 million in the prior year. Globe and Impala stabilized after clearing of inventory in FY23; both returned to positive EBIT contribution.
Allen Edmonds Reserve Collection: Quality is the Original Form of Sustainability
Founded in 1922, Allen Edmonds has always championed the belief that the traditional way of making shoes is the best way. This philosophy is vividly demonstrated in The Reserve Collection. The Reserve Collection celebrates Allen Edmonds’ devotion to American artisanship. Each pair is handcrafted in the company’s Port Washington, WI, factory by the nation’s most skilled makers using only the finest leathers.
Report: Resale Market for Nike and Jordan Brands Down Double-Digits
StockX said its data shows a diversified portfolio of brands locking in the top spots for year-over-year growth, including Asics (+589 percent), Adidas (+88 percent), and Yeezy (+23 percent). Cornerstone silhouettes from brands like Jordan and New Balance have dropped in average price.
Ross Stores Gets Q2 Profit Bump on Solid Comps; Still Has H2 Consumer Concerns
The company said its improved profitability relative to last year resulted from higher sales and lower distribution and incentive costs, which were partially offset, as expected, by lower merchandise margins.
EXEC: Sports Footwear Shipment Growth Drives Factory Profit Surge
Average selling prices (ASPs) decreased year-on-year due to the higher proportion of Sports products that carry lower ASPs. First-half gross profit margin expanded by 270 basis points to 25.8 percent of sales.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal