SGB Footwear

Eddie Bauer Exploring Sale

Eddie Bauer hired Guggenheim Partners LLC and Financo LLC to explore strategic alternatives, including a sale, multiple sources told Reuters.

ABG Acquires Frye Brand

Authentic Brands Group LLC (ABG) acquired a 51 percent stake in Frye, the American heritage brand, from Global Brands Group Holding Limited.

Nike To Sponsor Toledo University

The University of Toledo Athletic Department has agreed to a multi-year exclusive partnership with Nike beginning on July 1, 2017, UT vice president and athletic director Mike O’Brien announced.

Adidas Unveils Ocean-Inspired Shoes

“The new additions to the Adidas x Parley collection are another step in our journey to creating one million pairs of UltraBoost from up-cycled marine plastic,” said Mathias Amm, product category director at Adidas Running.

Why Did Amazon Join SFIA’s Board?

Tom Cove, SFIA’s president and CEO, told SGB, “People in the industry and people at the brand level are figuring out the e-com channel, figuring out the Amazon-specific relations, and even figuring out their own e-commerce/direct-to-consumer initiatives while also looking to maintain relationships with traditional retailers. It’s all part of the mix.”

Finish Line Upbeat About Second-Half Rebound

Finish Line comps are projected to increase low-single digit due to easier comparisons, the sales lift from additional remodels, increased qualities of many current best sellers, and the strong pipeline of launch product, including more kids’ takedowns of top performing adult sizes.

Finish Line’s Q1 Benefits From Expense Reductions

The Finish Line Inc. reported earnings slid 15.4 percent in its first quarter ended May 27, to $8.14 million, or 20 cents a share. Results were in line with expectations as strong expense controls made up for below-plan comps.