361 Degrees Expands Spain Distribution with VC Sport
361 Degrees International reported it tapped VC Sport as its distributor for the 361º brand in Spain. The company will initially distribute the 361º basketball shoes this summer and expand the range to include running and lifestyle categories in 2024.
Report: Adidas Seeing Healthy Demand for Unsold Yeezy Product
Adidas has orders worth more than €508 million ($565 million) for 4 million pairs of unsold Yeezy shoes, exceeding the company’s “most optimistic forecast,” according to a new Financial Times report. Healthy demand for the first batch of online sales could help Adidas avoid a major write-down on its remaining stock.
Golf Rounds Played Climb in June
Rounds of golf played advanced 5.5 percent in June and are running up the same 5.5 percent for the first six months of 2023, according to Golf Datatech.
Report: Adidas Accuses Kanye West of Mishandling $75 Million of Marketing Funds
Adidas is seeking to recover $75 million from Ye, formerly Kanye West, related to his alleged mishandling of marketing funds worth $100 million annually, according to Bloomberg. The dispute is in arbitration.
Canada’s Port Workers Union Recommends Labor Agreement to Members
The International Longshore and Warehouse Union Canada (ILWU Canada) plans to recommend members accept a tentative agreement to end the weeks-long strike at British Columbia’s ports, likely ending a standoff that led to a 13-day strike.
RILA Calls Potential UPS Strike “Kryptonite” for Supply Chains
The Retail Industry Leaders Association (RILA) urged a quick resolution of the stalled contract negotiations between UPS and its 340,000 workers represented by the International Brotherhood of Teamsters, describing a potential UPS strike as “kryptonite for supply chains.”
Under Armour Opens Fourth Brand House In London
Under Armour opened a Brand House store on Oxford Street, marking its fourth store in London. Zara, the multi-national retail clothing chain, once occupied the space.
Dick’s Sporting Goods Named U.S. Anchor Retail Partner for Lotto
WHP Global, owner of Italian soccer brand Lotto Sports, reported that Dick’s Sporting Goods would serve as the U.S. anchor retail partner for Lotto’s soccer and tennis products.
JCPenney Reopens Corporate Headquarters in Plano
JCPenney announced on July 20 that it reopened its corporate offices at the Campus at Legacy West in Plano, TX, which supports 2,000 employees and features an open working environment.
The North Face Opens Location at Woodlands Mall
The North Face opened a new store at The Woodlands Mall, marking its eighth store in Texas.
EXEC: Saucony’s New President Looks to Lean Into Innovation
Saucony, which is celebrating its 125th anniversary in 2023, in June named Rob Griffiths president. Here, Griffiths talked with SGB Executive about the brand’s authenticity and commitment to innovation, opportunities away from the run business, and his message to the run specialty community.
BodyArmor Founder Acquires Majority Stake in Nobull
Mike Repole, the founder of Vitaminwater and BodyArmor, acquired a majority stake in Nobull, the training footwear and apparel brand. Terms were not disclosed.
The Running Event Partners with NSRA to Open TRE to Indie Shoe Retailers
The Running Event (TRE) has partnered with the National Shoe Retailers Association (NSRA) to grow TRE’s support of the specialty retail industry.
UPS Returns to Negotiating Table with Union
United Parcel Service said it would return to the bargaining table with a better offer for roughly 340,000 Teamsters-represented U.S. workers before their contract expired on July 31.
SFIA and Running USA Announce Strategic Partnership
The two active lifestyle industry research companies will offer their members reciprocal discounts on reports and collaborate on upcoming new research.
