PrimaLoft Undergoes Recapitalization
The new investor group is led by private equity firm Victor Capital Partners in partnership with the private equity group at Allstate. PrimaLoft management will continue to maintain a significant investment in the business.
Skechers Aims To Raise $1.6 Million At 2017 Pier to Pier Friendship Walk
The Skechers Foundation announced that the organization believes that it will raise over $1.6 million to support children with special needs and education at its ninth Skechers Pier to Pier Friendship Walk.
Shoes For Crews Names President and CEO
Shoes For Crews LLC named Donald Watros as president and chief executive officer, effective October 30, 2017. Stuart Jenkins, current president, CEO and chief innovation officer, will leave the company.
Asics Uses Microwaves To Customize Shoes
Asics is using microwave technology to create custom midsoles in as little as 15 seconds
ISPO Invests In Cross-Medial Brand Identity
ISPO will present its new family brand positioning and a refreshed corporate design.
Louisville Fires Rick Pitino Amid Federal Bribery Investigation
The University of Louisville Athletic Association voted unanimously to fire its legendary basketball coach Rick Pitino after the university confirmed it is included in the FBI’s investigation into corruption in college basketball recruiting.
Vail Resorts Acquires Three Locations
Vail Resorts Retail (VRR) announced that it has entered an agreement to purchase the assets of three outdoor retail stores on historic Main Street in Breckenridge, including The North Face, Columbia and Main Street Outlet, from long-time Breckenridge Ski Enterprise owners, Steve and Susan Lapinsohn.
Susquehanna Downgrades Deckers Over Ugg Weakness, “Unrealistic” Marcato Plan
“Marcato’s plan to drive shareholder value at DECK is either overly optimistic or completely unrealistic,” wrote Susquehanna analyst Sam Poser in a note. “We lean towards the latter.”
Humon Wins HYPE Foundation’s Innovation Competition
The HYPE Foundation, a platform that connects and invests in sports innovation, in partnership with Asics and WeWork, announced that Humon, a fitness wearable start-up, has won the Global Sports Innovation (Spin) Competition that took place in Boston on October 12.
NRF Supports NAFTA
National Retail Federation President and CEO Matthew Shay said in an op-ed published on The Hill that the United States should work to modernize the North American Free Trade Agreement but should not withdraw from the agreement.
Hibbett Sports Launches Social Media Sneaker Contest
Hibbett Sports announced a new social media contest in honor of National Sneaker Day on November 5. The month-long promotion will kick off on October 16, 2017 and one weekly giveaway recipient will be selected each Friday until November 17, 2017.
Dick’s Sets Openings For Five Stores
Stores will open in Ellicott City, MD; Fairview Heights, IL; and Tukwila, Tacoma and Bellevue, WA.
Nordstrom Suspends Efforts To Go Private This Year
Nordstrom Inc. announced that members of the Nordstrom family have notified the Special Committee of the Board of Directors of Nordstrom that they have suspended active exploration, for the balance of the year, of the possibility of proposing a transaction to take the company private.
Nike Runs Rare Flash Sale
Nike last week ran a 48-hour Nike Flash Sale offering discounts as much as 40 percent on more than 200 items on its website.
Zappos Offers To Cover Funeral Costs Of Las Vegas Victims
Zappos has started a fund to help families of victims of the Las Vegas massacre cover funeral costs and vowed to match up to $1 million in donations.
