Nordstrom Rack to Open New Store in Massachusetts
The 25,000-square-foot Nordstrom Rack will open in the fall of 2025 in the The Landing at Hyannis. Nordstrom operates seven Nordstrom Rack stores in Massachusetts, generating over 900 jobs statewide.
Authentic Names Brand Partners Supporting Champion Brand
Authentic Brand Group announced that GearCo, BBC and AMG Companies will serve as its primary vendor partners supporting its just-closed acquisition the Champion brand.
Sports Licensing Company, Homage Apparel, Taps Into Celebrity Investors
The round kicked off with an initial investment from Ryan Reynolds’ venture firm, Maximum Effort, that was recently complemented by investments from Winnie Capital, led by former NFL star Jason Kelce, and 35Ventures, led by Kevin Durant and Rich Kleiman.
Score Sports Expands Partnership with Babe Ruth League Baseball
Eli Manning, two-time Super Bowl Champion and Score Sports investor, said “My brothers and I competed in everything growing up, and we especially cherished our time on the baseball field and being a part of the Babe Ruth community. Now, through my involvement with Score, it’s great to see things come full circle.”
Rawlings Sporting Goods Sets CEO Transition Plan
Mike Zlaket, Rawlings’ current CEO, will transition to vice chairman of the company’s Board at the close of the year. Current company president Ron Ostrowski will add CEO to his duties, effective January 1, 2025.
DMR Bikes Hires North America Sales and Marketing Manager
Mike Flaherty will support the bike maker’s two North American distributors, BTi and QBP, along with LTP in Canada and a growing network of dealers stocking DMR Bikes products.
Dockworkers Now on Strike at East and Gulf Coast Ports
The strike spans from Maine to Texas and blocks everything from food to auto shipments across dozens of ports. Analysts have warned that this could cost the economy billions of dollars a day, threaten jobs and potentially stoke inflation.
EXEC: Sports Direct Parent’s Bid for Mulberry Rejected
Luxury handbag maker Mulberry Group Plc rejected a takeover approach from Frasers Group, the parent of Sports Direct, and announced plans to proceed with its emergency fundraising to support a turnaround.
Life Time Group Nets $65M on Two Sale-Leaseback Transactions
The latest transactions bring the company’s total gross proceeds from sale-leasebacks to approximately $213 million year-to-date.
Beachbody to Cut 33 Percent of Staff in New Omni-Channel Business Model
Current participants in Bodi’s Partner Network in the U.S. and Canada will transition to a new Affiliate Program. Bodi’s MLM Network will begin winding down and complete the process by January 1, 2025.
New Balance Opens New EMEA Headquarters
New Balance officially opened its new offices at A-Factorij in Amsterdam’s Schinkel District, near the Olympic Stadium, supporting the brand’s new EMEA headquarters,
Genesco Names Sandra Harris as New CFO
Sandra Harris was appointed senior vice president, finance and chief financial officer, effective October 7, 2024. She succeeds Thomas A. George, whose planned retirement will take effect on December 12, 2024, to ensure an orderly transition. She joins the company with a strong working background as CFO and in finance leadership roles, including at VF Corp.
Simon Property Group “Meet Me @the Mall Campaign” Targets Gen Z Consumer
The Group’s Meet Me @themall campaign “blends 1980s and 1990s nostalgia with a new generation who want to shop, eat, stay, and play at the mall as much as their parents do.”
Big Peach Running Co. to Open Store in Atlanta
Big Peach Running Co. plans to open its first store in Atlanta and 13th overall. The store will be owned in a partnership with former music industry executive Ric Ross and his wife, Dawn.
Analysts: Nike Could Cut Guidance Tonight
Several analysts expect Nike will lower guidance for the second straight quarter when it reports first-quarter results after the market’s close on Tuesday due in part to weakness in China but also to lower the bar for incoming CEO, Elliott Hill.
