SGB Update Footwear
Consumer Sentiment Slides in October
The University of Michigan’s preliminary Index of Consumer Sentiment for October declined 7.5 percent from month-over-month in September to 63 from 68.1 and below the 67.4 reading that analysts had expected.
Under Armour Hires Gap Inc. Vet as Chief Supply Chain Officer
The company hired retail industry veteran Shawn Curran as chief supply chain officer, reporting to President and CEO Stephanie Linnartz. After three decades working at Gap, Inc., Curran will join Under Armour on October 16.
Decathlon to Open First Store in British Columbia
Decathlon plans to open a flagship store in spring 2024 at Metropolis at Metrotown, marking its first store in British Columbia and its 19th in Canada.
REI To Open Huntington Station Store
The 21,000-square-foot store in the Huntington Shopping Center in Huntington Station, NY will host a grand opening November 3-5. It is REI’s seventh store in the Tri-State area.
Sorel to Open Pop-Up in Brooklyn
The 900-square-foot space is opening from October 13 to 22 in the Williamsburg section of Brooklyn, NY and will be Sorel’s signature orange color.
Lacrosse, Flag Football, Cricket on Short List for 2028 LA Games
The organizing committee for the Los Angeles Games reported it will propose adding flag football, lacrosse, squash, and cricket to the Olympic program for 2028. The organizing committee is also aiming to bring baseball and softball back.
Dick’s SG To Open House of Sports in Miami
Dick’s Sporting Goods reported that the company submitted plans with Miami-Dade County to open a House of Sports in Miami in a space formerly occupied by a Nordstrom store in the Dadeland Mall.
Running USA’s COO Departs
Running USA’s Board of Directors announced that Christine Bowen, chief operating officer and VP for the past 14 years, stepped down from her role, effective September 30.
Walmart Again Closing Stores on Thanksgiving
Walmart announced that it will close its doors on Thanksgiving for the fourth consecutive year.
Har-Tru Acquires Armor Crack Repair
Har-Tru, LLC, a specialist in court construction and surfacing solutions based in Troy, VA, has acquired Armor Crack Repair, which specializes in court crack repair and maintenance.
SportChek Exec Joins Ross Stores as President, Operations
Ross Stores, Inc. reported that it named Stephen Brinkley to the newly-created role of president of operations, reporting to Michael Hartshorn, group president and chief operating officer, effective October 30.
Authentic Brands Group Taps Shaq to Run Reebok Basketball
Reebok appointed Shaquille O’Neal as president of Reebok Basketball with Allen Iverson serving as vice president of the division. Both NBA legends have longstanding relationships with Reebok and its parent company, Authentic Brands Group.
Birkenstock Stumbles on First Day of Trading as a Public Company
When Bloomberg declares your debut on Wall Street as a publicly-traded company the worst opening for a listing of $1 billion or more in New York in over two years, you may have a problem.
Ross Stores Opens 51 New Stores in September and October
The company opened 43 Ross Dress for Less and eight DD’s Discounts stores across 22 states in September and October, completing the company’s store growth plans for fiscal 2023, adding 97 new locations.
Iconix Brand Founder Neil Cole Gets 18-Month Prison Term
Neil Cole, the founder and former CEO of Iconix Brand Group, was sentenced to 18 months in prison, after his second trial in a criminal case. Last November, Cole was convicted of securities fraud and other charges for misleading investors about the company’s earnings.
