SGB Update Footwear
Snipes To Acquire Jimmy Jazz
European lifestyle retailer Snipes is expanding its presence in the U.S. by acquiring U.S. sneaker chain Jimmy Jazz. The acquisition will approximately triple Snipes door count in the United States, as the retailer’s store network grows from just over 100 stores to almost 270.
NRF: Nearly 180 Million Shop Over Thanksgiving Holiday Weekend
According to the annual survey released by the National Retail Federation and Prosper Insights & Analytics, nearly 180 million Americans shopped during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday. The number of shoppers compares with 186.4 million shoppers in 2020 but exceeded the NRF’s initial expectations by over 21 million and is in line with the average of the last four years.
G-III Apparel’s Q3 Sales Climb 23 Percent
G-III Apparel Group, Ltd. lifted its guidance for the year after reporting earnings rose 68.8 percent in the third quarter ended October 31 on a 22.8 percent sales gain.
JD Sports Board Member Steps Down
JD Sports Fashion Plc announced that, after more than six years on the Board, Heather Jackson has stepped down from her position as a non-executive director. Mahbobeh Sabetnia has joined the board.
Adidas Partners With Brooklyn Nets
Adidas and the Brooklyn Nets announced they had formed a multi-year partnership central to connecting with kids through basketball.
Allbirds Q3 Revenues Jump 33 Percent
Allbirds, Inc., in its first quarterly report since going public, widened its loss in the quarter ended September 30 as sales rose 33 percent. Results were slightly above forecasts.
Skechers Creates ‘Our Planet Matters’ Sustainable Collection; Partners With The Nature Conservancy
Skechers announced it has created Our Planet Matters collection of sustainable men’s women’s and kids products using recycled materials. It also announced a partnership with The Nature Conservancy that includes a multi-year commitment, contributing a minimum of $800,000 to help the organization.
Adventure Cycling Association Appoints Executive Director
Jennifer O’Dell has been named Executive Director of Adventure Cycling Association as the organization prepares to invest in a new initiative for 2022.
Adobe: Cyber Monday Online Sales Drop 1.4 Percent
According to data released by Adobe Analytics, consumers spent a total of $10.7 billion on Cyber Monday, which is down 1.4 percent year-over-year; this marks the first time Cyber Monday has shown a decline in sales since Adobe began tracking the figure in 2012.
Nike Delivers Tribute To Virgil Abloh
Nike delivered an official statement honoring the memory of Virgil Abloh, the acclaimed fashion designer who passed away at the age of 41 Sunday from a rare form of cancer.
Boardriders Appoints COO
Boardriders Inc. said it appointed Deborah Palmer Keiser as global chief operating officer. Keiser will oversee Boardriders’ end-to-end global planning and sourcing, and logistics and distribution.
‘Container Dwell Fee’ At West Coast Ports Remains On Hold Until December 6
The Port of Los Angeles and the Port of Long Beach announced a further postponement of the “Container Dwell Fee.” After meetings today with U.S. Port Envoy John Porcari, ocean liner companies and marine terminal operators, the two ports said the fee would not be considered before December 6.
Small Business Saturday Tallies Record Sales
American Express said its 12th Annual Small Business Saturday, held on November 27, is estimated to have reached an all-time high in sales.
PGA Of America Provides Update To PGA Show
PGA of America and PGA Golf Exhibitions announced that more than 600 golf brands are projected to participate in person at the 2022 PGA Show.
EBay Acquires Sneaker Con Authentication Business
EBay, Inc. has agreed to acquire Sneaker Con Digital’s authentication business, a sneaker authenticator with operations in the U.S., UK, Canada, Australia, and Germany.
