SGB Update Footwear
Pou Sheng Appoints New CFO
Pou Sheng International (Holdings), Ltd. appointed Li-Chieh Chen as its chief financial officer, replacing Yuang-Whang Liao.
NSGA Adds New Board Members
The National Sporting Goods Association (NSGA) made two changes to its Board of Directors with the appointments of Troy M. Freeman of Winmark Corporation/Play It Again Sports and John Scipio of SV Sports. Their three-year terms took effect on June 1.
Farfetch Completes Minority Investment In Neiman Marcus Group
Online luxury platform Farfetch has closed a $200 million common equity minority investment in US-based integrated luxury retailer Neiman Marcus Group (NMG).
Dr. Martens Sales Climb 18 Percent In Fiscal Year
Dr. Martens reported revenue of £908.3 million ($1.13 bn) in its fiscal year ended March 31 against £773.0 million a year ago, representing a gain of 18 percent on a reported basis and 22 percent on a currency-neutral basis.
Foot Locker Appoints Chief Strategy & Transformation Officer
Foot Locker, Inc. has appointed Neil Bansal as Executive Vice President and Chief Strategy & Transformation Officer, effective immediately. He joins the company from Constellation Brands, where he was senior vice president, strategy, insights and analytics.
Foot Locker’s Debt Ratings Affirmed By S&P
S&P Global Ratings affirmed all its ratings, including its ‘BB+’ issuer credit rating, on Foot Locker following a review.
Wolverine World Wide’s Debt Rating Outlook Revised To Negative
S&P Global Ratings revised its outlook on Wolverine World Wide, Inc. to negative from stable due to an expected increase in leverage due to environmental legal settlement charges and share repurchases. S&P at the same time affirmed all of its ratings, including its ‘BB’ issuer-credit rating.
Hanesbrands Discloses Ransomware Attack
Hanesbrands, the parent of Champion, has disclosed a ransomware attack. The company identified the incident on May 24 and activated its business continuity plans accordingly.
Sportsman’s Warehouse Fiscal Q1 Profits Contract as Comps Shrink 11.6 Percent
Sportsman’s Warehouse Holdings, Inc. reported that fiscal first-quarter net sales were $309.5 million for the 13-week period ended April 30, 2022, a decrease of 5.3 percent compared to the $327.0 million year-ago period. Adjusted diluted earnings per share were 5 cents compared to adjusted diluted earnings per share of 28 cents for the comparable 2021 quarter.
Asics Offers Meal Delivery Service To U.S. Running Community
Asics is offering a prepared meal delivery service in the U.S. with Freshly to help runners optimize performance and recovery.
Camping World To Expand In Eleven Markets By End Of 2022
Camping World Holdings, Inc. announced plans for the continued expansion of its RV sales and service network through the completion of eleven new dealership locations in seven states by the end of 2022. This comes following the company’s acquisition of Richardson’s RV Centers in California announced last week.
Foot Locker’s EVP, Chief Strategy And Corporate Development Officer To Exit
Foot Locker, Inc. reported in a regulatory filing that W. Scott Martin, formerly EVP, chief strategy and corporate development officer, has left the role on May 24 and will depart from the company on June 23.
Sportsman’s Warehouse Appoints Chief Merchant
Sportsman’s Warehouse Holdings, Inc. announced it has hired Sherry Jane Love as senior vice president of merchandising. Love will be responsible for the company’s omni-channel merchandising business and private brand development.
Allbirds Expands Wholesale Distribution To Nordstrom
Nordstrom said it will start selling Allbirds in 14 select stores. In early May, Allbirds announced its first two retail partners— Public Lands, a banner of Dick’s Sporting Goods, in the U.S., and Zalando in Europe.
The Athlete’s Foot Owner Acquires Shoe City
Arklyz, the parent of The Athlete’s Foot (TAF), announced its acquisition of Shoe City, the Baltimore-based sneaker and streetwear lifestyle retail chain along with an online platform, ycmc.com.
