SGB Update Footwear
Foot Locker Partners to Expand into India
Foot Locker launched operations in India for the first time through licensing arrangements with Metro Brands Ltd operating Foot Locker physical stores and Nykaa Fashion operating the e-commerce business.
Shoes For Crews Names New Board Members
A global provider of slip-resistant safety footwear products, announced the selection of its new board of directors, which includes Donald Watros, Jame Donath, Chris Quinn, and Colin Browne. This new board brings years of experience working in the footwear, financial services and consumer product industries.
Nike Crushes Q1 EPS Targets, Warns of Guidance Adjustment
Nike Inc. reported earnings for its first quarter handily topped Wall Street targets, but said it was postponing its upcoming Investor Day and indicated it “would address its approach to guidance” on its quarterly analyst call in light of the appointment of Nike veteran Elliott Hill as CEO. Sales in the quarter were down 10 percent with declines of 13 percent in direct and 8 percent in wholesale channels.
Nordstrom Rack to Open New Store in Massachusetts
The 25,000-square-foot Nordstrom Rack will open in the fall of 2025 in the The Landing at Hyannis. Nordstrom operates seven Nordstrom Rack stores in Massachusetts, generating over 900 jobs statewide.
Authentic Names Brand Partners Supporting Champion Brand
Authentic Brand Group announced that GearCo, BBC and AMG Companies will serve as its primary vendor partners supporting its just-closed acquisition the Champion brand.
Dockworkers Now on Strike at East and Gulf Coast Ports
The strike spans from Maine to Texas and blocks everything from food to auto shipments across dozens of ports. Analysts have warned that this could cost the economy billions of dollars a day, threaten jobs and potentially stoke inflation.
Moncler to Open New York City Flagship
The location will represent the largest store for the Italian outerwear brand worldwide and follows the announcement that French luxury group LVMH Moet Hennessy Louis Vuitton would invest in Moncler in a deal that gives it a seat on the company’s board.
New Balance Opens New EMEA Headquarters
New Balance officially opened its new offices at A-Factorij in Amsterdam’s Schinkel District, near the Olympic Stadium, supporting the brand’s new EMEA headquarters,
Genesco Names Sandra Harris as New CFO
Sandra Harris was appointed senior vice president, finance and chief financial officer, effective October 7, 2024. She succeeds Thomas A. George, whose planned retirement will take effect on December 12, 2024, to ensure an orderly transition. She joins the company with a strong working background as CFO and in finance leadership roles, including at VF Corp.
Big Peach Running Co. to Open Store in Atlanta
Big Peach Running Co. plans to open its first store in Atlanta and 13th overall. The store will be owned in a partnership with former music industry executive Ric Ross and his wife, Dawn.
JCPenney to Hire Over 10,000 Employees for the Holiday Season
The company is hosting a national hiring event, October 16-18, in stores and online for the 2024 holiday season, with plans to hire over 10,000 seasonal employees.
Off-White Brand Acquired by Bluestar Alliance Acquires from LVMH
Founded in 2012 by Virgil Abloh, Off-White manufactures seasonal men’s and women’s clothing, objects, furniture, and publications in Milan, Italy, with a global perspective on design and trends for youth culture.
Fairfax to Acquire Controlling Ownership of Peak Achievement Athletics
In 2017, Fairfax and Sagard purchased Peak, a portfolio of global brands, including Bauer, Cascade and Maverik. With its roots starting in Kitchener, Ontario, in 1927, Bauer Hockey manufactures hockey equipment and apparel. Cascade Lacrosse and Maverik Lacrosse manufacture lacrosse head protection and equipment.
Major League Soccer Selects Startups For Second MLS Innovation Lab
Major League Soccer (MLS) announced the six companies selected for the second cohort of the MLS Innovation Lab. This initiative aims to identify and nurture startups and advanced technologies supporting the future of sports and continued growth of the league.
Union Sees U.S. East Coast Port Strike Starting on Tuesday
The International Longshoremen’s Association (ILA) on Sunday announced plans for a widespread strike at all Atlantic and Gulf Coast ports, scheduled to begin at 12:01 am on Tuesday, October 1, 2024. The strike would involve 85,000 ILA members and impact ports from Maine to Texas.
