Foot Locker Inc. is pulling up stakes in New York City and moving to St. Petersburg, FL in 2025. The company plans to maintain only a limited presence in New York City going forward.
Category: Sports/Fitness
Foot Locker Inc. Sees Core Foot Locker Banner Comps Grow 5.2 Percent in Q2
Comparable sales increased by 2.6 percent for the quarter, led by 5.2 percent growth in global Foot Locker and Kids Foot Locker comparable sales. The second-quarter net loss was $12 million, compared to a $5 million net loss in Q2 last year.
EXEC: Sports Direct Parent Invests in Australian Sportstyle Retailer
Frasers Group plc, the parent of the UK-based retailer Sports Direct, has acquired a 14.65 percent strategic investment in Accent Group Ltd., a retailer in the performance and lifestyle market in Australia and New Zealand.
Puma Promotes Indy Sen to SVP Puma Group Sourcing
Sen assumes the operational responsibilities of the chief sourcing officer, replacing Anne-Laure Descours, who is not extending her board contract and will instead support Puma as an external sustainability advisor.
EXEC: Slinger Bag Headed Toward Another Ownership Transition
Company CEO Mike Ballardie has signed a separation agreement to acquire all assets and liabilities related to the Slinger Bag legacy business.
Nordstrom, Inc. Gets Lift from A-Sale Timing and Active in Second Quarter
Nordstrom said active, women’s apparel, beauty and kids had the strongest growth versus 2023. During the Anniversary Sale, the top growing categories were beauty, active and home.
EXEC: Saucony and Merrell Post H1 Surge in China as Xtep Takes Full Control
Saucony and Merrell are now operating under a licensing model in China, and housed within Xtep International’s new Professional Sports segment of business, representing 8.2 percent of total revenues for the company.
Pushing the Limits with Enduro 3 from Garmin
Built for long races, the Enduro 3 weighs 63 grams and features up to 320 hours in GPS mode with solar charging and an always-on display. The device includes training and navigation tools with round-trip routing, trail run VO2 max insights, grade-adjusted pace, and preloaded TopoActive maps.
EXEC: Mainland Headwear H1 Hurt by Economy, Slow Mexico Factory Output
With production at its new Mexico factory yet to run smoothly as the newly recruited local staff are grappling with workflow., the company has run into high operating costs, resulting in an operating loss for the H1 period.
Swiftwick Adds Industry Vets to Management Team, Executes Brand Overhaul
Swiftwick has hired Katie Nguyen from Chaco as head of integrated marketing and James Osborne, who spent nearly two decades at Nike, to build the run specialty sales and community functions at the company.
On Opens Flagship Store in Milan
The roughly 5000-square-foot space on two levels aligns with the company’s expansion strategy, which operates 37 mono-brand stores in North America, Europe, and Asia, including 20 in China.
Nike Women by Yoon Collection Taps Naomi Osaka as Muse
Yoon Ahn incorporates court-inspired styles that “play outside the lines.” The custom collection for Osaka features one-of-one performance dresses, walk-on skirts and jackets with oversized bows, timed for her return to the U.S. Open.
Adidas x Damian Lillard Unveil Dame 9 Signature Shoe with Bape Collab
Adidas Basketball showcased the latest iteration of the Dame franchise, the Dame 9, an extension of Damian Lillard’s signature shoe line. Adidas rounded out the shoe drop with a selection of apparel pieces. The limited edition collection will be available on August 31.
Puma Hoops x LaMelo Ball Are Back with MB.04 and LaFrancé 1:1
The newest MB.04 integrates Ball’s branding, including the Phoenix logo and “1 1 1” motifs. Puma and Ball are also dropping a new colorway of the LaFrancé 1:1 in all-over baby blue. Launching on September 12, the Puma MB.04 and LaFrance 1of1 include various apparel pieces.
EXEC: BSN Sports Gets A New Parent as KKR Closes Varsity Sports Acquisition
As the new majority owner of Varsity Brands, KKR said it will support the company as it continues to grow its business. KKR said it is making this investment primarily through its North America Fund XIII.
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