SGB Update Footwear

Ugg Parent Sues Walmart For Patent Infringement

Deckers Brands, the parent of Ugg, Hoka and Teva brands, filed a lawsuit in California Central District Court against Walmart, charging the retailer infringed on copyrighted product designs.

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 To Open Store In Tigard 

Nike plans to open a store in Tigard, OR, a suburb of Portland, at the Bridgeport Village lifestyle center.

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.

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.

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.