Josh Allen Invests in The Cashmere Fund
The Buffalo Bills QB and 2025 NFL MVP is the newest investor in The Cashmere Fund, and partnering with the Fund’s subadviser, Cashmere LLC, a next-generation venture fund making startup investing more accessible.
Nike Promotes Jennifer Hartley to Chief Strategy Officer, ELT
Jennifer Hartley, a 14-year company veteran also joins Nike’s Executive Leadership Team. CFO Matt Friend said that Hartley will work to “develop, drive and deliver Nike’s strategic agenda.”
EXEC: Wall Street Reacts to Tariff News but Port Traffic Decline May Reflect a Sad Reality
The Dow and the S&P 500 both bounced on April 22 after U.S. Treasury Secretary Scott Bessent, Trump’s primary negotiator on tariff deals, said that he believes the Administration’s ongoing tariff war with China will de-escalate soon because the rift is not sustainable.
Report: Consumers Willing to Spend More for Brands if Prices Increase
A recent report from UserTesting, a provider of human insights for the enterprise, reveals that brand loyalty isn’t just holding steady in 2025, it’s becoming a safe haven for consumers navigating higher prices and watching their wallets.
Capezio Acquired by Argand Partners
Founded in the U.S. in 1887, Capezio is an iconic global brand in the dancewear sector. The company designs and manufactures technical footwear, apparel and accessories that support dancers and athletes to practice, compete and perform. It is headquartered in Totowa, NJ.
New Balance Reopens London Flagship
The flagship store reopened on April 17 “putting people, not products, at the center” of the redesigned space. To mark the reopening, New Balance will host a series of events around the 2025 TCS London Marathon.
EXEC: Analysts Make Tariff Impact Calls on Footwear and Apparel Stocks
Those experiencing price target cuts included Birkenstock, Crocs, Inc., Foot Locker, Nike, On Holding, Skechers, VF Corp., and Wolverine World Wide. Some of those hit hardest included Boot Barn, Deckers and Under Armour.
Nike x Hyperice Ready the Body with High-Top Hyperboot
Nike and Hyperice continue to receive athlete feedback while the shoe continues in development. The shoe will drop in North America via nike.com and select Nike retail locations on May 17, globally beginning Holiday 2025.
Adidas Adizero Boston 13 Drops with Head-to-Toe Collection
Shown over the weekend, before today’s 129th Boston Marathon, the Adizero Boston 13 launched as an EQT edition as part of a wider collection of apparel and accessories. All pieces come in retro teal, white and black, “inspired by the shades and designs of vintage Adidas Equipment pieces from the brand’s archive, as seen on Boston Marathon staff uniforms worn in 1991.”
Rural King Opens New Kingsport Store
The store carries a wide range of outdoor lifestyle and work brands, including Ariat, Browning, Carhartt, Columbia, Frogg Toggs, Henry Rifles, Huk Apparel, Keen Utility, Plano, Realtree, Remington, Under Armour, and Wolverine.
Saucony Silo Collection: Footwear Meets High-End Fashion
Previewed by Saucony in January 2025 at Paris Fashion Week, the SS25 collection features five silhouettes: the Grid X Ultra S, 586i S, Gripper S, Kinvara 1 S, and the Endorphin Elite 2 S, and speaks to “today’s consumer who values both modern innovation and sophisticated styling.”
EXEC: Largest Asia FW Factory Warns on Q1 Profit Decline as Margins Shrink
The expected decrease in profit for the quarter was reported to be mainly attributable to the negative impact on gross margin due to “an increase in unit costs for footwear manufacturing, amid a volatile operating environment led by a complex and dynamic global economic landscape.”
EXEC: Saucony Brand Exceeds 40 Percent Q1 Retail Growth in China
MS (China) Sports Company Limited, a direct wholly-owned subsidiary of Xtep International Holdings Limited, operates under licensing and royalty agreements for the Merrell and Saucony brands and subsidiaries in China.
Recall: The North Face Women’s Shellista V Mid Waterproof Boots
The North Face has received 28 reports of the top hook catching on the lace of the other boot, including 15 reports of minor injuries in the United States.
EXEC: Chinese Factory Group Blames Lower Q1 Sales on Sport Footwear ASPs
The Group’s non-Sports manufacturing facilities continue to operate at close to full utilization. Stella said it will drive quality growth through the ramp-up of new production factories in Bangladesh and Indonesia.
