SGB Update Footwear
Varsity Brands Hires Chief Supply Chain Officer
Varsity Brands hired Joe Raines as EVP, chief supply chain officer, effective immediately, across its three businesses—BSN Sports, Varsity Spirit and Herff Jones.
Walmart Opens First Market Fulfillment Center In Arkansas Store
Walmart opened its first high-tech Market Fulfillment Center (MFC) in Arkansas at Store 100 in Bentonville, underlining the retailer’s strategic move to expand using its stores as fulfillment centers to enhance the shopping experience.
Brooks Appoints New Senior VP Of Footwear
Brooks Running promoted Carson Caprara to senior vice president of Footwear. Caprara succeeds Patrick Pons De Vier, who left the company for personal reasons.
Kelly Slater Launches New Performance-Based Footwear Company
Eleven-Time World Surfing Champion and entrepreneur Kelly Slaterhas launched his new sustainable and performance-based footwear brand KLLY.
Farfetch Limited, New Home To Reebok In Europe, Posts Solid Q1 Revenue Growth
Farfetch Limited, the London-based global luxury fashion goods platform and new home for the Reebok brand in Europe and global collaborations, reported that first quarter revenue increased 8.1 percent year-over-year to $556.4 million.
Report: Shein Raises $2 Billion In Funding Round
Reportedly, Shein, the Chinese fast fashion website, has raised $2 billion in a new funding round.
Michelin Soles Expands In The U.S. With Vermont Office
JV International, a manufacturer of technical soles and the worldwide licensee of soles by Michelin, is expanding its North American presence with a new office opening in Wolcott, VT. JV North America will be headed by Glen McKibben as VP and general manager.
Adidas To Start Selling Yeezy Product At End Of May
Adidas reported it would start selling its stockpile of millions of unsold Yeezy sneakers later this month from its defunct partnership with rapper Kanye West. Proceeds from the sale will benefit Antiracism organizations.
Dunlop Sports Sees Revenue Outlook Reduced Despite Strong Q1 Growth
Sumitomo Rubber Industries, Ltd. Has reported that sales revenue in its Dunlop Sports business increased 19.5 percent to ¥35.5 billion ($267 million) in the first quarter. Business profit increased 37.2 percent to ¥5.5 billion ($41 million).
EBay Acquires Certilogo To Boost Pre-Owned Authentication
EBay, Inc. signed a definitive agreement to acquire Certilogo, an AI-powered apparel and fashion goods digital IDs and authentication provider.
Foot Locker Slashes 2022 Guidance On Weakening Sales
Foot Locker, Inc. reported first-quarter results came in below Wall Street targets and significantly reduced the retailer’s 2023 outlook as sales “softened meaningfully” since March. The chain also named a new chief financial officer.
KMD Closes NZ$310 Million Debt Refinancing Tied To Sustainability
KMD Brands Limited, the parent company to the Rip Curl, Oboz and Kathmandu brands, has successfully refinanced its existing debt facilities with NZ$310 million of syndicated sustainability-linked multi-currency revolving facilities.
Solid Rip Curl Q3 Growth Trails Oboz And Kathmandu Gains At KMD
KMD Brands, Ltd., in a financial update, reported sales for the third quarter ended April 30 rose 15.6 percent. Among its brands, sales grew 7.9 percent at Rip Curl, 11.3 percent at Kathmandu and 120.3 percent at Oboz.
Belk To Add Ten Belk Outlet Locations
Belk is expanding its latest shopping concept, the Belk Outlet, by adding ten stores this month. The retailer currently has six outlet locations.
Darn Tough Sees Merger Of Sales Representation Along Upper East Coast
Darn Tough Vermont will see the merger of two sales territories on the East Coast into one territory. The Mid-Atlantic-focused Hudson Valley Sales Group, led by Adam Shapiro, will join 20-year Darn Tough veteran Hal Ellms and the Pinnacle Outdoor Group which covers the New England territory.
