Skechers Files Trademark Lawsuit Against Steve Madden
Skechers U.S.A., Inc. filed a trademark lawsuit in Los Angeles Federal Court against Steve Madden, charging that the brand’s “Kennie” line of sneakers that features an “S” design in the logo is too similar to the Skechers logo.
LAPD Recovers Up To $7 Million In Stolen Nike Sneakers
The Los Angeles Police Department seized millions of dollars worth of stolen merchandise believed to be Nike sneakers during a raid of a warehouse in Torrance, CA.
Former Nike CFO Joins Papa John’s
The former CFO of Nike North America, Ravi Thanawala, was hired by Papa John’s International, Inc. as chief financial officer, effective July 24, 2023.
Genesco Increases Stock Buyback Plan By $50 Million
Genesco, Inc.’s board of directors authorized a $50 million increase to its existing $200 million share repurchase authorization.
Forman Mills To Be Sold To Shoppers World
Forman Mills, the off-price retailer based in Pennsauken Township, NJ, agreed to be purchased by New York-based discount retailer Shoppers World.
Bass Pro Shops Named Official Outdoor Sporting Goods Sponsor Of SRX
Bass Pro Shops was named the official outdoor sporting goods partner of the Superstar Racing Experience for the series’ third season. The retailer also reported it signed on as a primary sponsor of Tony Stewart’s No. 14 entry.
Designer Brands Increases Price Range Of Share Repurchase
Designer Brands, Inc., the parent company of DSW, announced it is amending its previously announced modified “Dutch auction” tender offer to purchase for cash up to $100 million in value of its Class A common shares.
Youth Athletes United Adds 60 New Locations In Half
Youth Athletes United, a youth sports program operator, added 60 units and 44 owners to its network of brands, including Soccer Stars, Amazing Athletes and TGA Sports. The organization also reported a 24.7 percent growth rate since the beginning of 2023.
Nike To Open Flagship Store In Edmonton
Nike plans to open a flagship store West Edmonton Mall in Edmonton, which will become Canada’s largest store.
C&H Precision To Invest In Expanded Manufacturing And HQ In Georgia
C&H Precision has decided to continue its operations in Bryan County, GA, and announced plans to invest significantly in a state-of-the-art manufacturing and headquarters facility. The new building will be in Richmond Hill, GA. The estimated $10 million project would create 20 to 30 new jobs.
Peak Ski Names VP Of Finance And Accounting
Peak Ski Company, based in Bozeman, MT, promoted Becca Huyard to vice president of finance and accounting. Most recently, Huyard was the company’s accounting director.
Templar Knife To Expand Manufacturing Capabilities
Based in Dallas, TX, Templar Knife announced plans to expand and bring some of its manufacturing in-house.
Report: Lululemon Struggles To Find Buyer For Mirror
Lululemon Athletica, Inc. cannot find a buyer for its Mirror connected fitness platform despite reducing the price by nearly 90 percent.
Brunswick Expects To See Some Q2 Business Shift To Q3 Due To IT Security Incident
All primary Brunswick global manufacturing and most distribution facilities are reportedly now operational, with the remaining production and distribution facilities expected to restart within a few business days.
Skechers U.S.A. Named To Fortune 500 List For First Time
Skechers U.S.A., Inc. made the Fortune 500 list for the first time following record annual sales of $7.4 billion in 2022. Skechers is one of only four brands in the apparel industry sector to make the list, debuting at number 488.
