SGB Footwear

Orangetheory Appoints President Of International

Orangetheory Fitness hired Jason Dunlop as president of international, overseeing the brand’s international studio portfolio and ongoing expansion efforts. Dunlop’s resume includes employment with CrossFit, Canada Goose, Starbucks, and Nike.

Adidas To Open Flagship In Warsaw

Adidas has chosen Warsaw for its first flagship ‘Brand Center’ store in Central and Eastern Europe (CEE), the Puls Biznesu Business Daily reported.

VF Corp. Undergoes Layoffs

VF Corp. announced Tuesday in an internal e-mail that it has eliminated about 600 office-based positions at the company, including 300 current workers and 300 open positions, according to the Denver Business Journal.

Designer Brands Lifts Outlook On Q2 Beat

Designer Brands, Inc. raised its EPS guidance for the year after reporting sales and earnings topped Wall Street’s targets in the second quarter ended July 30. Comparable sales for the parent of DSW increased 6.2 percent on top of comparable sales growth of 84.9 percent for the second quarter of 2021.

W.C. Russell Moccasin Company Sold

The W.C. Russell Moccasin Company, the maker of boots for hiking, hunting, and outdoor sports based in Berlin, WI, was purchased by Luke Kolbie, founder of Kingfisher Leatherworks, and Joe Julian, president and owner of Julian & Sons. Terms were not disclosed.

Saks.com Raises More Capital

Saks.com announced that it has upsized its existing asset-based revolving credit facility arranged by Bank of America, N.A. increasing borrowing capacity from $350 million to $450 million.