SGB Update Footwear
Designer Brands Increases Price Range Of Share Repurchase
Designer Brands, Inc., the parent company of DSW, announced it is amending its previously announced modified “Dutch auction” tender offer to purchase for cash up to $100 million in value of its Class A common shares.
Nike To Open Flagship Store In Edmonton
Nike plans to open a flagship store West Edmonton Mall in Edmonton, which will become Canada’s largest store.
Skechers U.S.A. Named To Fortune 500 List For First Time
Skechers U.S.A., Inc. made the Fortune 500 list for the first time following record annual sales of $7.4 billion in 2022. Skechers is one of only four brands in the apparel industry sector to make the list, debuting at number 488.
Under Armour Confirms Corporate Layoffs In Cost-Control Efforts
Under Armour, Inc. has confirmed reports that it laid off 50 corporate employees as part of its cost-control efforts.
Academy Sports Names New Chief Merchant
Academy Sports + Outdoors Inc. promoted Matt McCabe to executive vice president and chief merchandising officer effective June 25, succeeding Steve Lawrence, who transitioned to CEO. McCabe will report directly to Lawrence.
Hunter Boots Falls Into Administration
Hunter Boots, which sold its intellectual property rights to Authentic Brands Group (Authentic) in early June, has gone into administration, the equivalent of bankruptcy in the U.K.
Under Armour Extends Partnership With University Of Texas Rio Grande Valley
The University of Texas Rio Grande Valley (UTRGV) Department of Intercollegiate Athletics extended its partnership agreement with BSN Sports to keep Under Armour the University’s official athletic footwear, apparel and accessory brand through the 2028/29 academic year.
Running Industry Diversity Coalition Study Finds Continued Under-Representation In Leadership Roles
A series of research studies by the Running Industry Diversity Coalition and Bentley University assessed racial inequities in the running industry and provided recommendations and key questions for progress.
Vivobarefoot Opens First North America Brick & Mortar Store
Vivobarefoot opened a new retail store in Vancouver, BC, Canada. The 800-square-foot location is the brand’s first brick-and-mortar store in North America, selling its range of barefoot shoes displayed on natural materials.
Running USA Elects New Board Members
Running USA elected seven new members to its board for three-year terms beginning on July 1, 2023 and ending on June 30, 2026.
Lacrosse Unlimited Opens Location In Bronxville
Lacrosse Unlimited opened a store in Bronxville, NY, on June 10, marking its 49th location at 24 Palmer Avenue a few doors down from the Bronxville Fitness Club.
Academy Sports To Expand Into Greater Indianapolis
Academy Sports + Outdoors, Inc. announced plans to open its first two stores in Greater Indianapolis this fall in Westfield-Carmel and Avon.
Amazon Announces Prime Day 2023 Sales Event Dates
Amazon announced that the company’s 2023 Prime Day Sale will be held from July 11-12. As in previous years, Amazon Prime Day is a 48-hour sale offering Prime members-only discounts. Last year, Amazon Prime Day ran in more than 20 countries from July 12-13.
Backcountry To Open Retail Location At The Grove In Los Angeles
Backcountry, the specialty retailer selling outdoor gear and apparel, plans to open a brick-and-mortar store at The Grove in Los Angeles in July—one of three new stores for 2023.
Pentland Brands Appoints New CFO
Pentland Brands appointed seasoned executive Graham Burridge as its new chief finance officer (CFO). Burridge has over two decades of experience in the consumer and retail sector, having held notable roles at WPP, Disney and Apple.
