Vuori opened new stores in New York City and Chicago, representing a second location for the brand in each city. The NYC store opened on the Upper East Side, the Chicago storefront in Lakeview.
Category: Sports/Fitness
Sports Direct Parent Acquires Menswear Retailer John Anthony
Frasers Group, the U.K.-based parent of Sports Direct, reported it acquired John Anthony, a U.K.-based retailer offering a mix of designer collections from new and established labels.
Nike Extends Agreement with University of Cincinnati
Nike, Inc. reported it extended its sponsorship agreement with Cincinnati University through 2029. The new program begins in 2025, with Nike providing the team uniforms, shoes and other accessories to the Cincinnati Bearcats.
Sam’s Club to Reopen Store In Grapevine, TX
Sam’s Club reported plans to reopen in Grapevine, TX, in late 2024 after closing the store due to storm damage incurred in December 2022.
Li-Ning Buys Commercial Property to Support New Hong Kong HQ
Based in Beijing, Li-Ning announced plans to acquire a 25-story mixed office and retail building in Hong Kong for $2.2 billion (US$282 million) to house its headquarters.
Study: Retailers See Online Sales Boosted by Store Openings
ICSC quantified the impact of opening or closing physical stores on online sales and retailers’ overall performance. Its latest study, the third installment in ICSC’s research on the halo effect of brick-and-mortar retail on online sales, is said to again prove the power of physical retail by demonstrating that a new store boosts online sales, while a closed store impedes them.
Fitbit Fined in Australia Over Misleading Claims
Fitbit was fined $11 million by the Australian Competition and Consumer Commission (ACCC) after the maker of smartwatches and fitness trackers admitted that it misled consumers over its return policies.
Millennium Health and Fitness Announces New Ownership and Leadership
Millennium Health and Fitness was acquired by CrestPeak.Heather Collins, formerly the company’s COO, is now president. Kathleen Zumbar was appointed COO.
Dick’s SG to Open House of Sport Stores in Florida and Delaware
Dick’s Sporting Goods reported plans to open House of Sport stores at Tampa International Plaza, its first in Florida, and another at Brandywine Town Center, its first in Delaware.
Nike Opens New Store in Tokyo Focused on Running
The purpose for Nike Ginza is to serve local runners at all levels and connect them to one another. In Japan, this is channeled through competitive relay running, a passion that’s visible from late fall through winter during Ekiden season.
Puma to End Sponsorship of Israel’s National Football Team in 2024
Puma will end its sponsorship of Israel’s national football team in 2024, a decision the brand said was made before Hamas’ October 7 attack. Puma has faced boycotts over its sponsorship.
Puma Has Soccer and Chess Ambassadors Talking Strategy
Puma, the Manchester City Football Club and Chess.com launched an exclusive talk between Pep Guardiola from the football (soccer) world and Magnus Carlsen from the chess world.
Hibbett Inc. and Nike Launch 2023 Sole School Program
Hibbett | City Gear, in partnership with Nike, awarded 103 high schools and more than 2,500 students nationwide with in-kind donations, products, mentoring, and job opportunities, valued at over $650,000.
EXEC: Nike Scores Two Analyst Upgrades
Citi raised its rating on Nike to “Buy” from “Neutral,” while Barclays gave Nike its “2024 Best Idea” recommendation. Both investment firms cited the potential for Nike to have a margin recovery and brand innovation tied to the 2024 Paris Olympics.
Arrive Recommerce Appoints Backcountry Vet as CTO
The company hired Alec Wilkins as chief technology officer. Wilkins was previously head of product and engineering at Backcountry and CPO/CTO at Overstock.com.
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