SGB Media to Close for Independence Day Holiday
SGB Media will not publish the SGB Morning or Evening Newsletters on July 4 and July 5. We will return to the office and resume publication on Monday, July 8.
Puma x Carrots Drop Green-Thumbed Collection
Puma and LA-based label Carrots by Anwar Carrots created a range of apparel, footwear and accessories in a garden-inspired color palette of oranges and greens with throwback graphics celebrating the Super Puma mascot
Embargoed: Fleet Feet Running Report
The report, due out later this month, includes running consumer insights based on a survey Fleet Feet commissioned with YouGov, scan data from tech partner Volumental and systemwide sales data from its over 270 locally owned and operated stores.
Kith For New Balance, Malibu
Limited quantities will be available on July 4 at the opening of Kith’s new Malibu, CA flagship store and on Kith.com, EU.Kith.com and the Kith App.
Kith to Open Malibu Flagship
On July 4, Kith will open its third flagship in Malibu, CA, alongside Beverly Hills and West Hollywood. To commemorate the opening, Kith partnered with New Balance to redesign the 1300 and 580 sneakers.
Authentic Brands Group Appoints Head of Japan Region
Jeff Daggett has been tapped as SVP, head of Japan. With over three decades of industry experience, Daggett is expected to play an integral role in strengthening Authentic’s presence and driving brand growth in the region.
Outdoor Research Expands Midwest Indie Sales Agency Territory
The maker of outdoor apparel and gear, OR expanded the sales territory for its Great Lakes territory sales rep team, Westbay Trading Co., to include the Midwest territory.
EXEC: Bob’s Stores Commences Going Out of Business Sales
The company said that despite making swift and aggressive changes to its structure and operations, Bob’s Stores was unable to secure the finances needed to maintain operations.
Report: Manufacturing PMI Contracted Again in June
Economic activity in the manufacturing sector contracted in June for the third consecutive month and the 19th time in the last 20 months.
Shoes For Crews Emerges from Chapter 11 as Assets are Sold to Lenders
Following the close of the Sale Transaction, ownership of Shoes For Crews and its international entities will transfer to a group of top-tier global investment firms. The company’s current management team will reportedly continue to lead the business.
Fanatics Inks Partnership Deal with New Zealand Rugby
Fanatics will become the master licensee for New Zealand and will run the e-commerce and physical retail for the All Blacks and the Black Ferns.
OrthoLite Expands European Market Presence
OrthoLite Europa’s expansion reportedly “bolsters capacity, innovation, and local-for-local insole production solutions” for OrthoLite’s European brand partners.
Sports Authority Founder Jack Smith Passes Away
Smith was the visionary who turned Sports Authority into one of the largest sporting goods retail brands worldwide. Smith also served as chairman of the board of the National Sporting Goods Association (NSGA) and was inducted into the Sporting Goods Industry Hall of Fame in 2016.
EXEC: Gym King Founder and CEO Buys Out JD Sports Stake in UK Athleisure Retailer
Founder and CEO Jay Parker, via an entity GKH Ventures Ltd. completed the buyout of JD Sports’ stake in The Gym King (Holdings) Ltd., with Parker regaining 100 percent ownership in the business.
Adidas Drops the Velostan Smith
“The Stan Smith sneaker journey started in 1978, and it has been a joy to watch Adidas evolve and reimagine it ever since, with this latest version imagined especially for cyclists – being no different.” —Stan Smith
