U.S. Supreme Court Won’t Hear Nike, Adidas Patent Dispute
The U.S. Supreme Court on Monday sidestepped Nike, Inc.’s appeal in a long-running sneaker design dispute with Adidas AG, declining to consider whether a tribunal can nix a patent based on grounds not raised by the parties. The justices passed over Nike’s claims that the Patent Trial and Appeal Board wrongly stripped it of a patent covering shoelace holes in knitted sneakers.
Topgolf To Open In St. Petersburg
Topgolf will open its St. Petersburg, FL venue on June 30, marking its 90th location and its eighth venue in Florida.
White Mountain Signs Outerwear Licensee Deal
White Mountain and Cliffs, the comfort footwear brands, signed a new licensing agreement with Mirage Fashion Group to distribute rain, lightweight and heavyweight outerwear for men, women and kids.
Peak Ski Company Names Chief Product Officer
Peak Ski Company promoted Darrin Haugen to chief product officer. He joined Peak Ski as vice president of innovation, design and production in July 2022.
Camping World Holdings To Acquire Arkansas RV Dealer
Camping World Holdings, Inc. is set to acquire multi-location RV dealer Crain RV in Arkansas. Crain operates locations in Benton, Springdale, and Little Rock, predominantly selling Jayco, Winnebago, Tiffin, Coachmen, and Forest River products.
American Sportfishing Association Elects Four Board Members
The American Sportfishing Association (ASA) elected four members to fill two at-large and two regional seats on its board of directors. Their three-year terms begin October 1, 2023.
ICSC Survey: Gen Z Are Career-Driven, Credit-Averse And Tempted By Immersive Retail
ICSC’s latest study, “The Rise of the Gen Z Consumer,” shows a generation keenly aware of the state of the U.S. economy as the demographic’s spending power grows and balances being cost-conscious with the willingness to pay for convenience and quality.
Air Venturi Names National Sales Agency For The U.S.
Air Venturi named Outtech Sales Services its nationwide sales rep partner for the company’s line of retail brands, including Hellraiser Tactical Products, Seneca Hunting Airguns, Western Justice Revolvers, Springfield Armory Airguns, and Airsoft Guns.
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.
