EXEC: U.S. Supreme Court Denies Avenatti Appeal to Overturn Nike Fraud Conviction
The Supreme Court rejected Michael Avenatti’s appeal to overturn his conviction for attempting to extort nearly $25 million from Nike and cheating other clients out of millions. He is serving 30 months in a San Pedro, CA, federal corrections facility.
EXEC: The Nidecker Group Acquires Iconic Skate Brands from Sole Technology
The Nidecker Group, the Swiss-based snowboard company, has reportedly inked an agreement with Sole Technology to acquire its legendary portfolio of skate brands, including Etnies, éS, Emerica, and ThirtyTwo.
Adidas Originals x Craig Green Introduce Three Silhouettes for SS24
Adidas x Craig Green introduce the CG Retrophy collection which includes the Boost, Sandal and three new colorways for the Squash Polta AKH.
Ross Stores First Quarter Sales In Line with Guidance Despite Macroeconomic Headwinds
Earnings results for the period were better-than-expected primarily due to lower expenses relative to our plan.”
Deckers Brands Sees Slower Growth Trend in Year Ahead
The parent of the Hoka, Ugg, Teva, Sanuk brands expects fiscal 2025 sales to grow 10 percent, compared to the 21 percent growth achieved in fiscal 2024 and a 19 percent compounded annual growth rate over the past four years.
On Elects New Independent Member to Board
On elected Laura Miele as an additional independent member of its Board of Directors. Miele will also serve as a member of the Audit Committee.
Puma SE Appoints Supervisory Board Members
Harsh Saini and Roland Krüger were appointed independent members of the company’s Supervisory Board for a three-year period.
Shoe Carnival Posts Q1 Comp Sales Decline; Net Sales Up on Acquisitions and E-Commerce
Sales from the February 2024 acquisition of Rogan Shoes, Inc. were in line with expectations and continued growth in Shoe Station and e-commerce, combined with strengthening trends in the Shoe Carnival brand.
VF Corp. Appoints Paul Vogel as Chief Financial Officer
As previously announced, he will succeed Matt Puckett, who will be stepping down, effective July 8, 2024.
Vans Brand and Americas Region Continue as Biggest Issues for VF Corp. Turnaround
TNF was down 5 percent in Q4, with brand DTC up 6 percent in reported terms or up 7 percent in constant-currency (CC) terms. Vans was reportedly down 26 percent (-27 percent CC) year-over-year (YoY) for the period,
EXEC: TAF Parent Completes Acquisition of Germany-Based Lloyd Shoes
Arklyz owns The Athlete’s Foot, Asphaltgold, Intersocks, Arkrod, and several global licenses or wholesale distribution for Salomon, Head, Nordica, Mammut, Crocs, Adidas, HeyDude, and others.
SFIA Promotes Kerman and Hoffman to New Roles in the Organization
Alex Kerman is now the association’s senior director of research and business operations and Chandler Hoffman is director of membership and technology.
Insite Performance Hires Nike Veteran as Director of Innovation
Dr. Caleb Dyer brings over a decade of experience to the role in engineering footwear polymers, having served as a material innovator, Polymer Lab manager and lead chemical engineer at Nike since 2012.
Urban Outfitters, Inc. Beats Q1 Street Estimates as Comps Rise in Mid Singles
The increase in Comparable Retail segment net sales was driven by high-single-digit positive growth in digital channel sales and low-single-digit positive growth in retail store sales.
Report: Cities in Florida Top U.S. Charts in Freelancer Population and Revenue Growth
The 7th Annual Freelance Economic Impact Report also identifies major growth across Texas while traditional business hubs like San Francisco and New York remain stagnant.
