SGB Update Footwear
NRF Supports Recently Enacted Organized Retail Crime Legislation Bills
The National Retail Federation’s SVP of Government Relations, David French, issued a supporting statement after the Combating Organized Retail Crime Act of 2023 and the Organized Retail Crime Center Authorization Act were introduced in the U.S. Senate.
StockX Opens Authentication Center In Mexico
StockX opened an authentication center in Mexico City, the company’s 14th in its global network.
Under Armour Adds Two To Board As Saunders Departs
Under Armour, Inc. appointed Carolyn Everson and Patrick Whitesell to its board of directors effective February 1, 2023. Longtime UA board member Harvey Sanders will retire on March 31, 2023.
Nike Files Footwear Infringement Lawsuit Against Lululemon
Nike Inc. sued Lululemon Athletica Inc. on Monday in U.S. federal court in Manhattan, charging that at least four of Lululemon footwear products infringe its patents.
Nike To Open Store In Tigard
Nike plans to open a store in Tigard, OR, a suburb of Portland, at the Bridgeport Village lifestyle center.
Golf Participation Up In 2022 But December Rounds Fall On Tough Comps
The number of golfers playing on- and off-course grew 10 percent last year to 41.1 million from 37.5 million in 2021, according to the National Golf Foundation. The gains came from off-course participation.
Gucci Names Creative Director
Gucci hired Sabato De Sarno as creative director. He has worked in the industry for nearly two decades after starting his career at Prada in 2005.
Saks Renovates Men’s Dept At Flagship; Expands Online Assortment
Saks introduced a new shopping experience in its men’s department on the seventh floor of its New York City flagship and expanded its menswear assortment online as part of the luxury retailer’s commitment to its men’s business.
Academy Sports’ Debt Ratings Outlook Raised
S&P Global Ratings revised its debt rating outlook for Academy Sports + Outdoor, Inc. following a debt repayment. The positive rating outlook reflects the potential for an upgrade if Academy consistently performs during an uncertain economy while sustaining low S&P Global Ratings-adjusted leverage of about 1x.
BRC Report: Fewer Retail Vacancies Seen In Q4 2022
The British Retail Consortium is reporting that the overall GB retail vacancy rate improved to 13.8 percent in the fourth quarter of 2022.
JD Sports Reports Cyber Security Issue Includes Customer Data Access
JD Sports Fashion Plc, the parent company for Finish Line, Shoe Palace and DTLR, among others, has been the target of a cyber incident that resulted in unauthorized access to a system that contained customer data relating to online orders placed between November 2018 and October 2020.
Dick’s SG Closes Midwest City Location
Dick’s Sporting Goods has closed its location in Midwest City, OK.
VF Corp. Opens Design Collective And Regional Office In Tokyo
VF Corp. opened its Tokyo Design Collective (TDC) and a regional office in Tokyo’s Harajuku district—the new home for VF’s Dickies, Timberland and Vans brands—and where the TDC team will work.
University Of Michigan Reports Consumer Sentiment Recovery In January
Consumers are feeling better about the economy for the second month, according to The University of Michigan’s closely watched Consumer Sentiment Index, which measured 64.9 for January, up slightly from the preliminary reading of 64.6 earlier this month and up from 59.7 in December.
Tread Labs Expands U.S. Sales Team
Tread Labs, the performance insole brand established by Chaco Founder Mark Paigen, has expanded its sales team and doubled the size of its headquarters.
