SGB Update Footwear
Lacrosse, Flag Football, Cricket on Short List for 2028 LA Games
The organizing committee for the Los Angeles Games reported it will propose adding flag football, lacrosse, squash, and cricket to the Olympic program for 2028. The organizing committee is also aiming to bring baseball and softball back.
Dick’s SG To Open House of Sports in Miami
Dick’s Sporting Goods reported that the company submitted plans with Miami-Dade County to open a House of Sports in Miami in a space formerly occupied by a Nordstrom store in the Dadeland Mall.
Running USA’s COO Departs
Running USA’s Board of Directors announced that Christine Bowen, chief operating officer and VP for the past 14 years, stepped down from her role, effective September 30.
Walmart Again Closing Stores on Thanksgiving
Walmart announced that it will close its doors on Thanksgiving for the fourth consecutive year.
Har-Tru Acquires Armor Crack Repair
Har-Tru, LLC, a specialist in court construction and surfacing solutions based in Troy, VA, has acquired Armor Crack Repair, which specializes in court crack repair and maintenance.
SportChek Exec Joins Ross Stores as President, Operations
Ross Stores, Inc. reported that it named Stephen Brinkley to the newly-created role of president of operations, reporting to Michael Hartshorn, group president and chief operating officer, effective October 30.
Authentic Brands Group Taps Shaq to Run Reebok Basketball
Reebok appointed Shaquille O’Neal as president of Reebok Basketball with Allen Iverson serving as vice president of the division. Both NBA legends have longstanding relationships with Reebok and its parent company, Authentic Brands Group.
Birkenstock Stumbles on First Day of Trading as a Public Company
When Bloomberg declares your debut on Wall Street as a publicly-traded company the worst opening for a listing of $1 billion or more in New York in over two years, you may have a problem.
Ross Stores Opens 51 New Stores in September and October
The company opened 43 Ross Dress for Less and eight DD’s Discounts stores across 22 states in September and October, completing the company’s store growth plans for fiscal 2023, adding 97 new locations.
Iconix Brand Founder Neil Cole Gets 18-Month Prison Term
Neil Cole, the founder and former CEO of Iconix Brand Group, was sentenced to 18 months in prison, after his second trial in a criminal case. Last November, Cole was convicted of securities fraud and other charges for misleading investors about the company’s earnings.
Sporting Insights Appoints Joint Managing Director
The U.K.-based market research firm announced that Richard Payne has taken on a new position as joint managing director of the company, alongside managing director, John Bushell.
Report: UK Holiday Spending Increase Will Fall Short of Inflation Growth
The 3.4 percent growth for the holiday selling period, driven by 9.3 percent inflation for the year, still falls short of last year’s increase and marks a second quarter of slowing growth in 2023.
Skechers Obtains European Injunction Against Dockers Over Hands Free Slip-Ins Designs
Skechers USA, Inc. reported it had obtained a European Union-wide preliminary injunction against Dockers by Gerli for selling a shoe style that infringes on Skechers’ Hands Free Slip-ins designs.
NRF: Import Volumes Slowing Heading Into Holiday Selling
Import cargo volume at the major container ports in the U.S. has hit its expected peak for the year and should gradually slow moving into the holiday season, according to the Global Port Tracker report released by the National Retail Federation(NRF) and Hackett Associates. Ports have not reported September numbers, but Global Port Tracker projected the month at 1.94 million TEU, down 4.3 percent year-over-year. October is also forecasted at 1.94 million TEU, down 3.1 percent year-over-year.
Birkenstock Holding Makes Debut on Wall Street Today
Birkenstock Holding is set to list its U.S. initial public offering at $46 a share, slightly below the midpoint of its projected range between $44 and $49. The stock is set to begin trading Wednesday morning at the open of the New York Stock Exchange under the symbol BIRK.
