Report: Nike May Exit Georgetown Flagship
Lincoln Property Co. is seeking replacement tenants for the Nike Georgetown flagship store after Nike missed a deadline earlier this year to exercise a renewal option, according to the Washington Business Journal.
Reebok Forms Strategic Partnership With Foot Locker
Authentic Brands Group (ABG) announced a new and enhanced partnership with Foot Locker, Inc. for the Reebok brand within the United States. This includes the exclusivity of basketball shoes from Allen Iverson and Shaquille O’Neal.
Signa Sports United Appoints VP Of Bike, North America
Signa Sports United announced the appointment of Hap Seliga, a founder, executive and advisor in the cycling industry, as head of its North American bike operations.
SportChek’s Same-Store Sales Climb 15.9 Percent
Canadian Tire Corporation reported retail sales at its SportChek segment were up 5.8 percent in the fourth quarter while comparable sales grew 15.9 percent.
January Retail Sales Overcome Omicron And Inflation To Show Strong Gains
Retail sales powered through COVID-19’s Omicron variant, inflation and other challenges to post strong increases in January, the National Retail Federation said.
Kamik Appoints New CEO
Kamik hired Gillian Meek as CEO. Meek brings over 20 years of experience to the Canadian footwear brand, including most recently serving as president of Keds.
Crocs’ Sales Jump 42 Percent In Fourth Quarter
Crocs, Inc. reported earnings in the fourth quarter slightly more than doubled as sales grew 42 percent. For the year, earnings likewise more than doubled on a 63 percent revenue gain.
Bemis Makes Major Investment In Novoloop
Bemis Associates Inc., a maker of plastic film used for adhesives, has made a major investment in plastic upcycling technology company Novoloop.
Kohl’s Plans 400 Additional Sephora At Kohl’s Shops
Kohl’s Inc. announced the list of the 400 stores that will be adding Sephora at Kohl’s shops this year. The addition of 400 stores brings the Sephora at Kohl’s location total to 600 and puts the partnership on track to meet its 850 store goal by 2023.
Kathmandu Shows Improving Trend In Second Quarter
Kathmandu Holdings Ltd provided an update for its first half through January 31. Sales at the Kathmandu chain rebounded in the second quarter, and Rip Curl improved modestly while Oboz is being impacted by supply chain disruption.
Exhibitors Threaten To Boycott Outdoor Retailer Show If It Returns To Utah
A conservation group and two dozen outdoor recreation companies, including Patagonia, REI and The North Face, announced Monday that they would boycott the Outdoor Retailer trade show if it moved from Denver, CO back to Salt Lake City, UT. The group accused Utah’s leaders of trying to remove protections for national monuments and public lands.
Asics North America Notches First Annual Profit Since 2017
Asics North America (ANA) announced that it generated the region’s first operating profit in 2021 since 2017. ANA, which includes the United States, Canada and Mexico, also showed a near double-digit quarterly increase year-over-year in the fourth quarter, marking its fourth consecutive quarter of growth.
Scheels Debuts Its First Super Bowl Commercial
During last night’s Superbowl, Scheels debuted its first television ad with a 30-second spot that aired in all Scheel’s markets, and a longer 90-second spot is now showing on its website.
URBN Appoints New CEO Of Urban Outfitters Chain And Free People Group
Urban Outfitters, Inc. appointed Francis Pierrel as global chief executive officer of Urban Outfitters and the Free People Group. The company also reported fourth-quarter sales grew 14 percent.
The Athlete’s Foot Reports Record Sales For 2021
Following the acquisition by the Arklyz Group, The Athlete’s Foot (TAF), reported record sales of $503 million with 24 percent retail sales growth in 2021.
