SGB Update

Xero Shoes Hires VP Of Product Development

Xero Shoes hired John Wadley as VP of product development. He comes to the company from VF Corp.’s Altra brand, where he was director of product innovation and sustainability.

Skechers Sues Hermès For Patent Infringement

Skechers USA, Inc. announced that it had sued Hermès International and Hermès of Paris for patent infringement of its proprietary Massage Fit sole technology.

Vasque Adds Three Hires In Product, Merchandising And Sales

Vasque Footwear announced it added new hires in its product, merchandising and sales departments, including Brandon Gough as North American sales manager, Jess Sandrin as product line merchant and Scott Kendall as footwear designer.

Sorel’s Headquarters Moving To Washington County

Columbia Sportswear announced its Sorel brand is moving its headquarters in early 2023 to a single-use building on the company’s Washington county campus. Currently, Sorel’s headquarters are located in downtown Portland, OR.

Nordstrom Announces CFO Transition

Nordstrom, Inc. announced that its CFO, Anne Bramman, had informed the company that she was resigning effective December 2. Bramman will remain through the reporting of Nordstrom’s third-quarter 2022 financial results.

Frasers Group Acquires Sneakerboy

Frasers Group has acquired Australian luxury footwear and streetwear retailer Sneakerboy for an undisclosed amount.

Wahoo Fitness’ Debt Ratings Downgraded Again

Moody’s Investors Service downgraded Wahoo Fitness Acquisition, LLC, reflecting the bike training manufacturer’s “material underperformance” relative to Moody’s previous expectations and the elevated risk of default.

Tracksmith Hires Director Of Brand Communications

Tracksmith announced that Massimo Alpian had joined the company as global director, brand communications. He brings nearly two decades of experience in marketing, communications and sports advocacy to the position.