Nike Acquires RTFKT
Nike Inc. announced the acquisition of RTFKT, a London-based crypto fashion brand.
AAFA Urges Biden Administration To Act On Inflation
American Apparel & Footwear Association President and CEO Steve Lamar reacted to reports that prices in America rose 6.8 percent in the 12 months ending in November—the largest rise in nearly 40 years. Prices for clothing and footwear rose 5 percent and 4.7 percent during this time.
Manitowoc’s Louie’s Sporting Goods To Close
Louie’s Sporting Goods, now operating one location at Manitowoc, WI, will be closing on December 23, according to a report from WBAY.com.
LIV Golf Investments Appoints Chief Operating Officer
LIV Golf Investments focused on making strategic investments in golf, announced that it had appointed Atul Khosla as chief operating officer. Khosla was most recently the chief corporate development and brand officer for the NFL’s Tampa Bay Buccaneers.
The Running Event Draws 200 Exhibitors
The Running Event, held last week in Austin, said it drew 200 exhibitors, marking a return after being canceled in 2020 due to the pandemic.
Kids Foot Locker Opens First Community Store In Miami
Kids Foot Locker has opened its first House of Play community store in Miami, FL, serving local communities with a family experience rooted in play. More stores are planned for 2022.
Academy Sports Raises Outlook As Q3 Results Top Wall Street Estimates
Academy Sports + Outdoors again raised its outlook for the year after reporting results for the third quarter ended October 30 easily surpassing Wall Street targets. Comparable sales were up 17.9 percent on top of 16.5 percent last year.
Frasers Group Sales Expand 24 Percent In First Half
Frasers Group, the U.K.-based parent of Sports Direct, reported sales grew 23.6 percent in the 26 weeks through October 24.
Urban Outfitters Appoints Board Member
Urban Outfitters, Inc. announced effective December 7, 2021, it had expanded the size of its Board from 10 to 11 seats and elected Kelly Campbell as an independent director.
Lululemon Again Hikes Outlook On Q3 Beat
Lululemon Athletica Inc. reported net income rose 30.7 percent in the third quarter on a 30 percent revenue gain. Results topped guidance and the retailer raised its outlook for the year.
Nike Seeks To Ban Adidas Shoes Allegedly Copying Flyknit Designs
Nike Inc. is asking a U.S. trade agency to block imports of a wide range of Adidas AG Primeknit shoes, shown lead image, saying the shoes infringe on Nike patents covering its lightweight Flyknit design technology.
Camping World Announces Deal To Acquire Lloyd Bridges Traveland
Camping World Holdings Inc. announced an agreement to acquire the Lloyd Bridges Traveland RV dealerships in Chelsea, MI.
USTA CEO To Step Down In March
USTA CEO and Executive Director Michael Dowse will step down from his position effective March 2022. Dowse was named USTA CEO and Executive Director in October 2019 after six years as president of Wilson Sporting Goods Co.
Kohl’s Debt Ratings Upgraded
Moody’s Investors Service changed Kohl’s Corporation’s outlook to stable from negative due to its improved credit metrics and improved profitability.
Sportsman’s Warehouse’s Third-Quarter Profits Slump 28 Percent
Sportsman’s Warehouse Holdings Inc., which recently ended its merger efforts with Bass Pro, reported profits, on an adjusted basis, declined 27.9 percent in the third quarter ended October 30 as same-store sales dipped 1.5 percent.
