L.L. Bean’s New Headquarters To Open Next Spring
L.L.Bean’s $110 million headquarters redevelopment will be completed two years ahead of schedule as the flexible work-from-home culture during the pandemic enabled construction to speed up, according to Mainebiz.com.
StockX Lays Off 8 Percent Of Its Employees
Resale exchange platform StockX confirmed Wednesday that it has laid off eight percent of its workforce, citing the impact of “macroeconomic challenges” on its web-based shoe resale business.
Puma Extends Contract With AC Milan
Puma and AC Milan announced a long-term extension of their partnership, which was first established in 2018.
Running USA Elects Board Members
Running USA member representatives approved the election of five board members to three-year director terms, which begin July 1, 2022, and conclude June 30, 2025.
Puma To Open Distribution Center In Phoenix
Puma signed a 15-year lease for one million square feet of warehouse space in Glendale, AZ, outside of Phoenix,
REI Set To Open Stores in Colorado And Missouri
REI Co-op on Friday, July 22 plans to open the doors to new stores in Glenwood Springs, CO, and Town and Country, MO.
Inov-8 Appoints New CEO
Inov-8 announced that Mike Snell would join the company as its new CEO in October 2022. Snell will leave his current role as commercial director for supermarket chain Asda in September 2022 before joining the UK-founded and headquartered brand.
Skechers Opens Superstore In New Jersey
Skechers announced it had opened its largest East Coast retail store in New Jersey. The 22,000-square-foot superstore is at The Mills at Jersey Gardens.
Emerald Acquires Advertising Week Global Event Platform
Emerald Holding, Inc. announced that it had completed the acquisition of all the business assets under the name Advertising Week from Stillwell Partners.
Pou Sheng Names New CEO, Chairman
Pou Sheng, Yue Yuen’s Chinese retail subsidiary, appointed Wang Jun as CEO, effective July 1, succeeding Shao-Wu Lee who is stepping down to become chairman.
Sports Fandom Increases, Powered By New Digital Platforms
A new study by Nielsen and LaLiga Tech shows Millennial and Gen Z consumers are following more sports competitions than Gen X and Boomers but strongly prefer streaming and mobile experiences, including fantasy games.
Nike’s Q4 Tops Wall Street Targets
Nike, Inc. reported earnings in its fiscal fourth quarter ended May 31, down 5 percent year-over-year but topped Wall Street estimates. Sales were down one percent as a 7 percent decline in its wholesale segment was offset by a 7 percent gain in direct sales.
Holo Footwear To Move Headquarters To Grand Rapids
Holo Footwear moved its headquarters from Portland, OR to downtown Grand Rapids, MI, opening its e-commerce operations and creating 61 jobs and $1.6 million in capital investment for the state.
Genesco Appoints Board Member
Genesco, Inc. announced that the independent directors of the Genesco Board unanimously selected Gregory A. Sandfort as its lead independent director, effective June 23, 2022.
BSN Sports To Acquire Eastbay Team Sales Business
BSN Sports announced that it has entered into an agreement to acquire substantially all of the assets of the Eastbay Team Sales business from Foot Locker Retail, Inc., a subsidiary of Foot Locker.
