SGB Update

Michael Jordan Still Leads Shoe Deals

According to Forbes, Michael Jordan, the endorser that put Nike on the map, again ranked far ahead of other players in royalties from shoe deals. Jordan earned $110 million last year, according to the business magazine.

The North Face Honors Alex Honnold’s El Capitan Feat

In a full-page ad in The New York Times, The North Face honored Alex Honnold becoming the first person ever to climb without ropes or other safety gear the nearly 3,000-foot granite face known as El Capitan in California’s Yosemite National Park.

Adidas Hosts Run For The Oceans

On Thursday night, Adidas and Parley for the Oceans invited their communities of runners, athletes, ocean ambassadors, environmentalists, artists, influencers and media to unite during their first ever Run For The Oceans in New York City.

Moody’s Cuts Eddie Bauer’s Debt Ratings

Moody’s Investors Service downgraded Everest Holdings LLC, the holding company of Eddie Bauer, due to revenue and operating earnings declines amid a highly promotional selling climate.

PF Flyers Celebrates 80th Anniversary

To celebrate 80 years of comfort, quality and style, PF Flyers has partnered with Brand Historian Alyasha Owerka Moore and Open-End Agency to take a look through the brand’s archives.

Hudson’s Bay To Cut 2000 Jobs

HBC, the parent of Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue and Gilt, announced its Transformation Plan focused on identifying efficiencies, streamlining processes and improving back-of-store productivity in North America.

RECALL: GT Mountain Bicycles

About 1,000 GT mountain bicycles sold in the U.S. as well as 240 sold in Canada from Cycling Sports Group are being recalled.

Lululemon Opens First Run-Centric Store

The location, called Le Local and located on Montreal’s Mile End, features only running apparel, bras and accessories but also serves as a community hub.