SGB Update Footwear

5.11, BOA and Primaloft Parent CODI’s Debt Ratings Downgraded
Moody’s said the downgrade reflects CODI’s “elevated financial leverage based on the restated financials, the uncertainty around the company’s ability to reduce leverage and generate sustained and comfortably positive free cash flow over the next 12 months.

Represent Appoints Ex-Adidas Yeezy Executive Jim Anfuso to Lead North America
Represent, the Manchester, England-based men’s fashion brand, has appointed Jim Anfuso, a former Adidas Yeezy executive, as brand president for North America. He served as SVP and General Manager of Yeezy x Adidas from 2016 to 2020.

Under Armour Faces Data Breach
Under Armour announced that it is investigating claims of a massive data breach after a cybercriminal posted millions of customer records to a hacker forum.

Target Appoints Former Nike and HanesBrands Execs to Board
Target Corporation appointed John Hoke, III, former chief innovation officer at Nike, Inc., and Steve Bratspies, former chief executive officer of HanesBrands, Inc., to its board of directors. Their appointments were announced, with Michael Fiddelke, chief operating officer, set to replace Brian Cornell as CEO on February 1.

PGA Tour Superstore to Open Fourth Store in Atlanta
PGA Tour Superstore plans to open a new store in Atlanta’s Buckhead Square on March 7, marking its fourth in the area. The Buckhead location will join locations in Roswell, Kennesaw and Duluth, GA, along with its Store Support Center headquarters.

Fleet Feet Acquires Marathon Sports in Glastonbury, Connecticut
The Glastonbury store becomes the second Fleet Feet Hartford-area location owned by franchisees Fernanda and David Jacobs, who opened their first store location in the area in May 2023.

Famous Footwear Parent’s CFO to Depart
The parent company of Famous Footwear, Naturalizer, Vionic, Allen Edmonds, Stuart Weitzman, Blowfish Malibu, and Sam Edelman brands, reported that Jack Calandra, its chief financial officer, is leaving at the end of the month to pursue other opportunities.

Salomon Appoints First Creative Director
Salomon has appointed Finnish designer Heikki Salonen as the company’s first creative director. With a career spanning 30 years, Salonen was previously head designer at Diesel before serving as creative director at MM6 Maison Margiela for 12 years.

Report: Early Survey Results from Promo Products Sector May Reflect Broader Industry Expectations for 2026
The responses, as presented in this word cloud graphic, were probably not so different than how many in the active lifestyle market would respond, although “uncertain” and “tariffs” would certainly warrant space near the top as well.

Nordstrom Rack to Relocate Downtown Seattle Store
The 39,000-square-foot store will be relocated to a historic building owned by a local partnership led by Mike Hess, located at Sixth Avenue and Pine Street in downtown Seattle. The store will open in spring 202y.

Report: Nike to Skip Super Bowl Ad This Year
Nike, Inc. will not be airing an ad during Super Bowl 60, the company confirmed to Adweek. The move comes after the company ran its first Super Bowl commercial in 27 years last year.

Nike, U.S. Soccer Federation Collaborate on Research Lab At New Training Center
U.S. Soccer and Nike announced plans to open a Nike Sport Research Lab at the Arthur M. Blank U.S. Soccer National Training Center (NTC) being built in Georgia’s Fayette County and scheduled to open within the next few months.

Reju to Open First U.S. Materials Recycling Facility in Rochester, New York
French materials recycling company Reju, led by former Under Armour CEO Patrik Frisk, plans to open its first U.S-based industrial facility in Rochester, NY, aiming to regenerate 300 million articles annually. The plant is expected to be operational at the site by the end of 2029 and support 70 jobs.

Nike Shuffles Regional Leadership
Nike, Inc. reported that Carl Grebert, VP/GM of EMEA, is retiring and will be succeeded by César Garcia, VP/ GM of EMEA. Angela Dong, VP/GM, Greater China, is stepping down to pursue other opportunities and will be replaced by Cathy Sparks, currently VP/GM of APLA.

OrthoLite Appoints Sales Manager, Performance East
OrthoLite appointed Doug Nickerson as sales manager for Performance East, based in Boston. Most recently, he worked at Timberland and Timberland Pro, where he supported compound development, material innovation and sole system performance for end-use applications.









