SGB Update Footwear
JD Sports Appoints General Counsel
JD Sports Fashion Plc, parent company for Finish Line, Shoe Palace and DTLR retail brands in the U.S., hired Theresa Casey as general counsel and company secretary of JD, effective immediately.
The Athlete’s Foot To Launch TAF 3.0 Concept Store
The Athlete’s Foot reported plans to open a TAF 3.0 “neighborhood” omnichannel concept store in Atlanta in late April.
NRF Report: Organized Retail Crime A Growing Threat For U.S. Retailers
Organized retail crime is a perpetual and burgeoning problem for the U.S. retail industry, and evidence suggests it is growing in scope and complexity, according to a recently released report from the National Retail Federation (NRF).
Walmart Closes Four Stores In Chicago
Walmart reported it will close four of its eight stores in Chicago after stating the stores were losing “tens of millions of dollars a year, and the retailer’s annual losses nearly doubled in just the last five years.”
Kizik Names Chief Merchandising Officer
Kizik hired Gretchen Weimer, formerly global VP of product at Hoka, as chief merchandising officer.
Dick’s SG Signs Multi-Year Partnership With Boston Athletic Association
Dick’s Sporting Goods reported signing a multi-year agreement to be the official retail sponsor of the Boston Marathon and the Boston Athletic Association (B.A.A.) Distance Medley events ahead of opening a Dick’s House of Sport in spring 2024.
Dillard’s Debt Ratings Upgraded
S&P Global Ratings raised the debt ratings on Dillard’s Inc. as the department store chain has maintained a “stable performance and a conservative financial policy even in the volatile retail operating environment of the past year.”
Marolina Outdoor Adds Industry Veterans To Team
Marolina Outdoor, the parent company of Huk Performance Fishing and Nomad Outdoor, hired Dean Rurak as CEO and Bill Ferreira as senior vice president of sales and merchandising, effective May 1.
Topo Athletic Appoints U.S. Wholesale Sales Director
Topo Athletic hired Ashleigh Cook as sales director of U.S. Wholesale, leading its domestic sales team to grow its network of retailer accounts and independent sales agents.
Yue Yuen Manufacturing Business Falls 21.3 Percent In March
Yue Yuen Industrial (Holdings) Limited, the subsidiary of Pou Chen Corporation that manufactures a large percentage of global athletic and outdoor footwear, reported that its net consolidated operating revenue for March was $696.5 million, a 10.0 percent decline versus the year-ago month.
Anta Sports Saw Solid Q1 China Retail Sales Growth With Fila Up In High Singles
Anta Sports Products Limited reported that retail sales of Anta-branded products posted mid-single-digit growth in the first quarter compared to the year-ago comparable period.
Pou Sheng Retail Sales Surge 29.8 Percent In March
Pou Sheng International (Holdings) Limited, the China-based retail subsidiary of Yue Yuen Industrial (Holdings) Limited, reported that net consolidated operating revenue for March was RMB 1.73 billion, up 29.8 percent from RMB 1.34 billion in the year-ago comparable month.
Report: U.S. Parents Spend More On Kids Footwear, Less On Themselves
According to Circana (formerly IRI and The NPD Group), parents with kids living in the U.S. spend less on footwear for themselves and more on the category for their children.
Michael Jordan’s Air Jordans Break Sneaker Auction Record
Sotheby’s announced that a pair of red/black Air Jordan 13 sneakers worn by Michael Jordan when he played for the NBA sold at auction for $2.2 million, setting a record price for game-worn sports footwear.
Sun & Ski Sports Opens Salt Lake City Location
Sun & Ski Sports will officially open its 33rd store in Murray, UT, on April 14. Representatives from On, Hoka, Cannondale, Shimano, Rocky Mountain Bicycles, and Haro will attend the grand opening.
