Adidas Confirmed App To Shut Down
Three years after its launch, Adidas’ Confirmed App will be phased out. The sneaker reservation process will be incorporated into the official Adidas app.
Smartwool Announces New European Sales Agency
Smartwool on Thursday announced the company’s new European sales agency, Elements, based in Benelux. The partnership is effective immediately. The new agency will help establish the brand’s position within the Benelux outdoor industry, while also helping the brand build a community of engaged consumers.
ABG Completes Acquisition Of Nine West And Bandolino
Authentic Brands Group LLC (ABG) completed the acquisition of Nine West and Bandolino from Nine West Holdings Inc. Through this purchase, ABG increases the company’s footwear and accessories business to over $2 billion in global retail sales.
ISA TanTec To Set Up Second Tannery In Vietnam
ISA TanTec is setting up a second tannery in Vietnam following increased leather demand from the company’s customers.
Canadian Tire Completes Private Placement Offering
Canadian Tire Corporation Limited has closed a private placement offering of C$650 million (U.S.$495 mm) aggregate principal amount of unsecured medium term notes.
Rockport To Seek Approval Of Sale To Charlesbank
The Rockport Group LLC, which filed for bankruptcy on May 14, announced that, after completing a court-approved marketing process, the company intends to complete the previously announced asset purchase agreement with CB Marathon Opco LLC, an affiliate of Charlesbank Capital Partners.
Gander Outdoors Prepares for Grand Opening In Jackson, TN
The 65,000-square-foot location is the only planned facility in the state.
Boot Barn Acquires Two-Store Boot Chain In Tulsa
Boot Barn Holdings Inc. acquired certain assets of Drysdales Inc., a retailer with two stores in Tulsa, OK.
Nike Names New Chief Sustainability Officer
Nike Inc. announced that Noel Kinder will become the company’s new VP, chief sustainability officer (CSO), effective September 5. Kinder succeeds Hannah Jones, a 20-year Nike veteran as CSO, who after 14 years in the role will become president of Nike Valiant Labs, the company’s in-house new business model incubator.
Walking Company Emerges From Chapter 11
The Walking Company Holdings Inc. announced that the company has emerged from Chapter 11.
Giants’ Saquon Barkley Leads NFL Jersey Sales
Saquon Barkley of the New York Giants, Jimmy Garoppolo of the San Franscisco 49ers and Carson Wentz of the Philadelphia Eagles, Tom Brady of the New England Patriots and Baker Mayfield of the Cleveland Browns were the top-five selling NFL jerseys between April 1 and June 23 on NFLshop.com, according to the NFL.
Under Armour Strengthens Regional Structure With New Executive Appointments
Under Armour Inc. announced the appointments of Jason Archer as managing director, Asia Pacific; Manuel Ovalle as managing director, Latin America and Massimo Baratto as managing director, Europe, Middle East & Africa. Additionally, the company announced that the Hong Kong office will be expanded to serve as the company’s Asia Pacific (APAC) headquarters.
June M&A Roundup: Megaresorts Expand Their Empires
Summer is an odd time to discuss what’s happening at North American ski areas—especially with record high temps now sweeping the U.S.—but the escalating “arms race” between megaresort operators Vail Resorts Inc. and Alterra Mountain Co. was among the hottest M&A developments in June.
Asics Signs Zhang Shuai
Asics announced a partnership with China’s top women’s tennis player, Zhang Shuai. Ranked 30th overall by the WTA, Zhang is the first female player from China to sign with Asics.
Retail Report Roundup – July 1
Studies arrived last week showing Nike ranked highest among active lifestyle brands, but lost ground on Brand Finance’s annual ranking of the most valuable American brands. Studies also rated the digital expertise of department stores, the relevance of social activism for brands with teens, robust urban population growth and apparel’s expansion online.
