EXEC: Stalking Horse Bidder Emerges In Rockport Bankruptcy
The Rockport Company’s stalking horse bidder in its bankruptcy auction has signed a purchase agreement that sets the value of the company’s intellectual property and the buyer’s right to purchase the company’s equity interest in certain subsidiaries and puts in place a formula for valuing inventory purchased at closing.
Hunter Boots Falls Into Administration
Hunter Boots, which sold its intellectual property rights to Authentic Brands Group (Authentic) in early June, has gone into administration, the equivalent of bankruptcy in the U.K.
Under Armour Extends Partnership With University Of Texas Rio Grande Valley
The University of Texas Rio Grande Valley (UTRGV) Department of Intercollegiate Athletics extended its partnership agreement with BSN Sports to keep Under Armour the University’s official athletic footwear, apparel and accessory brand through the 2028/29 academic year.
Running Industry Diversity Coalition Study Finds Continued Under-Representation In Leadership Roles
A series of research studies by the Running Industry Diversity Coalition and Bentley University assessed racial inequities in the running industry and provided recommendations and key questions for progress.
Vivobarefoot Opens First North America Brick & Mortar Store
Vivobarefoot opened a new retail store in Vancouver, BC, Canada. The 800-square-foot location is the brand’s first brick-and-mortar store in North America, selling its range of barefoot shoes displayed on natural materials.
Running USA Elects New Board Members
Running USA elected seven new members to its board for three-year terms beginning on July 1, 2023 and ending on June 30, 2026.
Lacrosse Unlimited Opens Location In Bronxville
Lacrosse Unlimited opened a store in Bronxville, NY, on June 10, marking its 49th location at 24 Palmer Avenue a few doors down from the Bronxville Fitness Club.
Academy Sports To Expand Into Greater Indianapolis
Academy Sports + Outdoors, Inc. announced plans to open its first two stores in Greater Indianapolis this fall in Westfield-Carmel and Avon.
Amazon Announces Prime Day 2023 Sales Event Dates
Amazon announced that the company’s 2023 Prime Day Sale will be held from July 11-12. As in previous years, Amazon Prime Day is a 48-hour sale offering Prime members-only discounts. Last year, Amazon Prime Day ran in more than 20 countries from July 12-13.
EXEC: Vans Seeks Path Back To Growth With New OTW By Vans As The Vault Retires
The Vault by Vans product chapter will conclude by the end of 2023, making way for the launch of OTW by Vans in early 2024 with a distinctive e-commerce experience and be available through a globally-curated selection of wholesale partners.
Backcountry To Open Retail Location At The Grove In Los Angeles
Backcountry, the specialty retailer selling outdoor gear and apparel, plans to open a brick-and-mortar store at The Grove in Los Angeles in July—one of three new stores for 2023.
Pentland Brands Appoints New CFO
Pentland Brands appointed seasoned executive Graham Burridge as its new chief finance officer (CFO). Burridge has over two decades of experience in the consumer and retail sector, having held notable roles at WPP, Disney and Apple.
National Golf Foundation Promotes Nathan To President/COO
The National Golf Foundation promoted Greg Nathan to president and chief operating officer. Joe Beditz, president and CEO since 1989, will remain CEO, working closely with Nathan.
Alibaba Resets Leadership Structure
Alibaba is replacing Daniel Zhang as chairman and CEO. Joseph Tsai, executive vice chairman and a co-founder, will become chairman while Eddie Wu, chairman of e-commerce at Alibaba’s Taobao and Tmall businesses and co-founder, will take over as CEO.
Christy Sports Opens Re-Branded Big Sky Location
Christy Sports opened its newly rebranded store in Big Sky, MT, previously Grizzly Outfitters. The store is now Christy Sports Big Sky Town Center and marks Big Sky, Montana’s second Christy Sports location.
