SGB Update Footwear
Boardriders Appoints New Quiksilver And RVCA Leaders
Boardriders Inc. announced the appointment of Brad Blankinship as global general manager, Quiksilver and David Brooks as global general manager, RVCA.
Nike Files Patents To Sell Virtual Goods
Nike has applied this week for new trademarks indicating its intent to sell branded virtual goods, including shoes and apparel, according to a report from Bloomberg.
Rocky Brands Hit By Fulfillment Challenges In Third Quarter
Rocky Brands Inc. reported earnings that came in well below Wall Street’s consensus estimate and said its results were hurt by temporary fulfillment challenges in the company’s Ohio distribution center.
Big 5’s Profits Dip On Tough Comparisons
Big 5 Sporting Goods reported net earnings declined 15.1 in the third quarter ended October 3, in line with guidance and reflecting challenging comparisons in the year-ago pandemic-fueled quarter. Same-store sales decreased 0.7 percent compared to the prior year period and increased 13.2 percent compared to the third quarter of 2019.
Mitchell & Ness Relaunches Footwear Brand Hood Rubber Company
Mitchell & Ness announces the relaunch of the Hood Rubber Company, a heritage footwear brand that left the marketplace more than 40 years ago.
Under Armour Hikes Outlook On Q3 Earnings Beat
Under Armour Inc. strongly raised its guidance for the full year after reporting third-quarter earnings that were double Wall Street’s consensus targets. Revenues climbed 8 percent in the third quarter.
Nike Board Member To Retire At End Of Year
Nike Inc. said in a regulatory filing that John Connors on October 27 notified the company of his decision to retire as a director of the company effective December 31, 2021. Connors’s decision to retire is not because of a disagreement with the company or the Board of Directors
Scheels Expanding To Idaho
Scheels announced plans to open its first All Sports Store to Idaho. The store is scheduled to open in Spring 2024 in Meridian, West of Boise. The 240,000 retail store is planned to anchor the Ten Mile Crossing development.
Foot Locker Completes Acquisition Of Atmos
Foot Locker Inc. completed the acquisition of Atmos, a digitally-led retailer headquartered in Japan, for $360 million.
Galaxy Universal To Acquire And1, Avia, Gaiam, And SPRI
Galaxy Universal, LLC. has agreed to acquire the And1, Avia, Gaiam, and SPRI brands as part of the bankruptcy proceedings of Sequential Brands Group, Inc. for approximately $330 million.
Canada Goose Opens First California Store
Canada Goose opened its first retail location in California at South Coast Plaza.
Allbirds Opens In Paramus
Allbirds opened a new retail store and community center at the Garden State Plaza in Paramus, NJ. The 3,140 square foot space is the brand’s first store in New Jersey and 35th globally.
Emerald Holding Shrinks Q3 Loss
Emerald Holding, Inc. reported reduced losses in the third quarter ended September 30 as it was able to hold 32 in-person trade shows, conferences and other events in the period.
Dick’s SG Announces Opening Of Second Public Lands And Golf Galaxy Performance Center Locations
Dick’s Sporting Goods said it will expand the footprint of its Public Lands outdoor concept with the grand opening of its second Public Lands store in Columbus, OH on November 5. Dick’s will also open its second Golf Galaxy Performance Center, a redesigned concept featuring an “elevated experience for golfers,” in Woodbury, MN.
Report: Rothy’s Seeks $1 Billion Valuation In Funding Round
Rothy’s Inc. is in discussions to raise funding that could value the eco-friendly footwear company at more than $1 billion, according to Bloomberg.
