Foot Locker Signs Multi-Year Partnership with Chicago Bulls
Ahead of the 2024/25 NBA season, Foot Locker, Inc. announced a multi-year partnership with the Chicago Bulls. “The rich legacies of Foot Locker and the Chicago Bulls—two institutions that have long been at the forefront of basketball culture—make this partnership a natural fit,” said Frank Bracken, EVP and chief commercial officer at Foot Locker.
B2B Inventory Marketplace Raises $40M in Funding Round
The private b2b marketplace for worldwide brands to sell surplus inventory to new buyers, raised $40 million in Series C funding led by L Catterton with participation from existing investors.
Rhone, NBA Tap All-Star Kevin Hart For Wellness Campaign
The NBA has partnered with apparel brand Rhone to create awareness around the importance of cognitive and physical fitness with Miami Heat’s Kevin Love.
Footasylum Appoints Chief Commercial Officer and Senior Buying Director
Former Under Armour executive Will Van Rensburg was appointed the company’s chief commercial officer and ex-Reebok product director Glen Wilkinson to senior buying director.
Bootdoc Hotronic Expands Team with New Hires
Jay Vasquez was hired as a sales and product manager, working collaboratively with company Sales Director Ryan Eittreim. Robert Jones joins the company’s customer service team.
Asics Arabia Signs Partnership with Saudi Sports for All Federation
As a strategic partner for two SFA events, Asics Arabia will be a key sponsor of the Riyadh Marathon, an annual event held in February.
Report: Inflation Likely to Restrain Sales on Black Friday/Cyber Monday
A recent YouGov report report found that U.S. consumers expect to spend less during these iconic shopping days, with 27 percent planning to spend less and just 9 percent increasing their spend from last year.
Walmart U.S. Appoints Chief Growth Officer
Seth Dallaire, the retailer’s chief revenue officer, was named chief growth officer for Walmart U.S. Walmart’s U.S. Chief Product Officer, Jon Alferness, is leaving the company, but will work in an advisory role through the end of the year.
Nordstrom’s Head of DEI Departs
Colleen Mitchell, has left the company after just over two years in the role. Before joining Nordstrom in August 2022, she was head of DEI at Petco and prior to that, held a similar role at Amazon.
Modern Meadow Appoints CEO
Dr. Williamson will transition from president and chief operating officer to chief executive officer, effective October 14. He has worked in multiple roles since 2015 for the Bio-Vera sustainable-materials brand.
361 Degrees Owned-Retail Posts Robust Growth in Q3
361 Degrees International, Ltd. reported brick-and-mortar retail sales of 361º core-branded product increased over 10 percent year-over-year for the third quarter of 2024, ended September 30, expanding at the same rate as the second quarter.
Board Retailers Association Adds Advisory Member to Board
The non-profit, supporting independently owned surf, skate, snow, and wake retailers, said Dan Jablons has helped independent retailers throughout his long career in the industry.
Survey: Inflation a Top Concern for Holiday Shoppers
Manhattan Associates, Inc.’s 2024 Supply Chain Confidence Survey found that 85 percent of consumers cited inflation and increased prices as a top concern for how they will shop for the upcoming holiday season.
EXEC: Sports Direct Parent Acquires Minority Stake in Online Retailer THG
Frasers Group, the parent of Sports Direct, agreed to buy a £10 million ($13 million) stake in THG, formerly The Hut Group. The fundraising will enable the online retailer to spin off its unprofitable tech unit, Ingenuity.
Iconic Vasque Brand Discontinued by Parent Red Wing
Red Wing Shoe Company issued a statement confirming that its Vasque outdoor boot brand is being discontinued.
