Timberland Renews Eyewear License
Marcolin Group, one of the world’s leading eyewear companies, and TBL Licensing LLC, announced the early renewal of the licensing agreement for the design, production and worldwide distribution of Timberland optical frames and sunglasses.
Nordstrom To Reopen Doors At Mall Of San Juan
Retailer Nordstrom Inc. on Tuesday announced plans to reopen the company’s store at the Mall of San Juan in Puerto Rico. Closed since fall 2018 as a result of severe damage from Hurricane Maria, the two-story, 138,000-square-foot store will open again to customers on Friday, November 9, 2018.
Under Armour Appoints Two To Senior Management Team
Under Armour Inc. on Tuesday announced two new additions to the company’s senior management team with the appointments of Alessandro de Pestel as chief marketing officer and Ann Funai as senior vice president, engineering.
Sears’ CEO Urges Broad Debt Restructuring
Sears Holdings Corp CEO Eddie Lampert’s hedge fund in a regulatory filing called on Sears’ board to sell $1.5 billion more in real estate and restructure $1.1 billion in debt in order to stave off a bankruptcy filing.
Brooks Offers Runners Incentives For Twin Cities Marathon
Brooks Running Company is inviting marathoners and 10 milers to participate in the “Outrun Yourself Challenge,” which encourages runners to strive for a new goal. Runners who improve their overall race time from 2017 will be awarded for their accomplishment with prizes including Brooks gear and entry into the 2019 Medtronic Twin Cities Marathon.
Boulder Cycle Sport Merges With Boulder Nordic Sport
Boulder Cycle Sport and Boulder Nordic Sport, two Boulder-based retail leaders, announced the merger of their business operations.
Moody’s Downgrades Academy’s Debt Ratings
The downgrade of the term loan reflects the company’s lower estimated recovery rate as a result of the recent asset-based revolver upsize. At the same time, the affirmation of the CFR and PDR reflects Moody’s view that while leverage is likely to remain elevated, Academy’s good liquidity provides the company with flexibility to turn around its operating performance.
Nike Celebrates Tiger Woods First Win In Five Years
Nike released some clever imagery honoring Tiger Woods and his victory at the recent PGA Tour Championship, his first PGA event win since 2013.
Stifel’s Inaugural Athletic Survey Shows Positive Spending Intentions
Stifel’s inaugural Athletic Apparel and Footwear Consumer Survey points to higher spending intentions for both athletic apparel and footwear in the next six months. Nike not surprisingly ranked as the preferred athletic brand across footwear and apparel categories but Under Armour, Adidas, Champion, New Balance, Vans, The North Face and Skechers are all resonating with key constituencies.
Retail Reports Roundup
Studies arrived last week including Nike dominating apparel brands’ preferences, mixed views on social commerce, AI benefits to supply-chain efficiency, wide-ranging checkout opportunities and free delivery’s expanding appeal as well as another merry holiday forecast.
Farfetch Soars In IPO Debut
Shares of Farfetch, the London-based luxury online marketplace, jumped more than 50 percent in the company’s initial public offering debut Friday.
Asics Funds Five Startups Under Tenkan-Ten Inititiatve
Asics announced five start-ups to benefit from Tenkan-Ten, the growth catalyst program for businesses disrupting the sports and wellbeing sector. It is a part of the company’s recently launched new business and innovations division.
New Balance Donates To UMass Boston
The University of Massachusetts Board of Trustees unanimously approved the creation of the Dr. J. Keith Motley Chair for Sports Leadership & Administration at UMass Boston. The chair will head a new sports management and leadership Bachelor of Arts program enabled by a $5 million pledge, the largest in UMass Boston history, from Boston-based New Balance.
Asics Listed On Dow Jones Sustainability Asia/Pacific Index
Asics Corporation has been selected for the fourth time as a component company of the Dow Jones Sustainability Asia/Pacific Index. The Dow Jones Sustainability Indices (DJSI) are a series of globally-recognized Socially Responsible Investment (SRI) indices.
Aisle Talk Week of September 17
Top headlines from the active lifestyle industry you may have missed this week, including sales growth at Gregory Mountain Products and High Sierra helping Samsonite International S.A.’s financial performance in the six months ended June 30.
