Payless Lists Stores To Close
The retailer plans to close about 400 stores. As expected, the biggest states saw the most closures, including about 110 in Texas and 50 in California.
VF Looks To Jumpstart Acquisitions
“History has shown and we continue to believe that M&A is our highest and best use of capital,” said Scott Roe CFO and VP, at the company’s annual Investor Day. “And it remains our first priority.”
Rocky Brands Appoints Two Board Members
Rocky Brands Inc. appointed William L. Jordan and Robert B. Moore, Jr. to the company’s board of directors.
Mary Anderson, REI Co-Founder, Dies
Mary Anderson and her husband, Lloyd, founded REI in Seattle, WA in 1938.
Interbike Appoints Retail Relations Director
Interbike hired Fred Clements, longtime NBDA executive director, to fill the newly created position of retail relations director.
Sports Direct Completes Sale Of Dunlop
Sports Direct completed the sale of its Dunlop business to Japan-based Sumitomo Rubber Industries for $137.5 million.
Payless Seeks Debt Restructuring In Bankruptcy Proceedings
Among the U.S. firms left with unsecured claims were Fila USA, New York, NY, owed $5.17 million, as well as two licensing partners, Champion Athleticwear, Winston-Salem, NC, owed $1.41 million; and E.S. Originals, Inc., New York, NY, owed $1.25 million.
J.Crew’s President To Exit
Jenna Lyons has been with J.Crew for 26 years and has served as president and executive creative director since 2012.
Aerosoles Appoints New CEO
Chief Executive Officer R. Shawn Neville will assume the role of executive chairman of the board while Denise Incandela, formerly at Ralph Lauren, takes over as CEO.
Payless Files For Bankruptcy
The family-shoe chain plans to immediately close nearly 400 underperforming locations in the U.S. and Puerto Rico while reorganizing its debt.
Reebok Unveils Sustainable Products Initiative
The first Cotton + Corn release will be a shoe that has an upper comprised of organic cotton and a base originating from industrial grown corn.
Sierra Club Slams Trump’s Check To National Parks
Sierra Club called President Donald Trump’s move to donate his first quarterly salary of $78,000 to the National Park Service a “publicity stunt” and a “distraction that falls far short of the $12 billion needed to address the current backlog of park maintenance.”
Authentic Brands Partners With Greg Norman
Authentic Brands Group reached an agreement to take over the consumer products division of The Greg Norman Company, formerly known as Great White Shark Enterprises. The deal covers the legendary golfer’s future licensing rights and endorsement income, according to a report from ESPN. Authentic Brands will oversee a wide range of categories beyond apparel and accessories, including […]
Gore-Tex Pushes Further Into Lifestyle Market
Gore Fabrics will promote its fabric technologies to international urban and lifestyle fashion brands – like Norse Projects, Yeezy, Loewe and Adidas Originals.
ISlide Expands Distrubution
Boston-based custom footwear designer ISlide has inked four new deals with online retailers Neiman Marcus, Lids, Urban Outfitters and Fanatics. The partnerships are the latest in many deals with iconic brands including the NBA and Nickelodeon, and are projected to skyrocket sales of the design-them-yourself slides. ISlide founder and Shark Tank alum Justin Kittredge estimates […]
