SGB Update Footwear
Nike, Converse Sue 52 ‘Counterfeiting Networks’
Nike and sister brand, Converse, filed a lawsuit with the U.S. District Court for the Southern District of New York against 52 alleged counterfeit networks, which collectively operate 98 websites and 267 social media handles, over the sale of counterfeit goods.
Amazon to End Plastic Use In Shipping
Amazon will eliminate “almost 15 billion plastic air pillows annually to reduce its environmental footprint.” The company will use 100 percent recycled paper filler, which is recyclable and “offers the same, if not better, protection.”
Birkenstock’s Debt Ratings Upgraded By S&P
S&P Global Ratings revised up its full-year guidance to expected annual sales growth of 20 percent in 2024, from 17 percent to 18 percent previously.
Trending: 2024 Midyear Per Race Participation Increases
RunSignup reported a mid-year update on race trends, showing that pre-race registrations have continued to increase after nearly matching 2019 numbers in 2023. On average, registrations grew 8 percent compared to 2023.
FootBalance Appoints New CEO
Most recently, Atul Midha, was the global retail director at Eton Shirts. He also held senior leadership roles at Giorgio Armani, and other fashion retail and tech startups.
Blain’s Farm & Fleet Names New CEO, Exec Chair, and Chief Stores Officer
Mark Hasting was promoted to president and CEO and Kim Treece to chief stores officer. Jane Blain Gilbertson will assume the executive chair of the company’s Board and remain the sole owner of Blain’s Farm & Fleet and Blain Supply, Inc.
Tronus Makes Leadership Transition
The futuristic luxury athleisure sneaker brand reported that Cynthia Cureton-Robles, co-founder and COO, stepped into the CEO role.
Golden Goose Postpones IPO
Luxury sneaker maker Golden Goose Group SpA has decided to postpone its planned initial public offering “as a result of European market volatility.”
Centric Brands Inks Global Licensing Partnership with Messi Brand
The product categories will offer a diverse range of styles that embody the Lionel Messi brand, featuring men’s, women’s and kid’s categories, including apparel, outerwear.
JCPenney Invests $40 Million in Supply Chain Upgrades
As part of the retailer’s self-funded $1 billion reinvestment strategy announced last year, the centerpiece of the upgrade is implementing the Joey Pouch sorting system at its distribution center in Reno, NV.
Nordstrom Rack to Open Location in Tarzana, California
Nordstrom, Inc. announced plans to open a new Nordstrom Rack in Tarzana, California in fall 2024. The store will mark Rack’s 65th store in California.
Retail Sales in May Weaker Than Forecasted
Retail sales increased slower than expected in May versus the prior month, as high interest rates and inflation pressured consumer spending.
Authentic Appoints General Manager of Africa
Authentic Brands Group appointed of Warren Bowers as general manager. Bowers’ previous roles include managing director at Bounty Brands and senior retail director at Adidas.
Saucony Names Chief Marketing Officer
Joy Allen-Altimare joins the company as global CMO, effective immediately. Most recently, she was the chief revenue officer of North America for Havas Media Network.
