Robert W. “Bob” Gore, chairman emeritus of the board of directors of W. L. Gore & Associates and the inventor of Gore-Tex outerwear, passed away on September 17 at the age of 83. Gore assumed the chairman emeritus role in 2018 after 57 years of service...
Nike Inc. reported sales were down 1 percent in the first quarter ended August 31 but topped Wall Street’s targets as digital growth grew 82 percent. Earnings were up 10 percent and far ahead of analyst estimates. Quarterly Highlights First-quarter reported revenues were $10.6 billion, down...
Goat Group, the online marketplace for sneakerheads, closed a Series E funding round of $100 million from D1 Capital Partners. Founded in 2015 as a sneaker re-seller, the company has expanded into apparel and accessories from select emerging, contemporary brands. The added capital will accelerate the...
Josh Luber, the co-founder of StockX, is leaving the company a little over a year after he stepped down as CEO. The June 2019 announcement of Luber’s transition from CEO was concurrent with StockX’s $1 billion-plus valuation. He was replaced at the time as CEO by...
Puma has signed Neymar to an endorsement deal. In late August, Nike announced it had parted ways with Brazilian star forward Neymar a decade and a half after signing the star striker as a 13-year-old prodigy. The deal gives Puma a heavyweight football ambassador to field against Cristiano Ronaldo...
Crocs Inc. announced that Michelle Poole has been appointed as president, Crocs, Inc. effective September 10, 2020. She will continue to report to Andrew Rees, CEO. As President, Poole will assume responsibility for Crocs’ Americas, Asia and EMEA regional commercial teams as well as continue to...
Simon Property Group, one of the largest mall operators in the country, announced it will not open its properties on Thanksgiving Day. “In these challenging times, we made the decision that we will not open on Thanksgiving Day, instead allowing our associates to spend the holiday...
Swiss-based running brand, On, announced the launch of its subscription-based service to support recyclable sportswear to On customers worldwide. The subscription service, named Cyclon, will allow subscribers to receive and wear running sportswear and then return end-of-life products back to On in exchange for the latest...
VF Corp. released the second edition of its VF Global Inclusion & Diversity Annual Profile. The report is public for the first time. A snapshot from the 37-page report includes the following: 55 percent of it’s U.S. employees are BIPOC (Black, Indigenous, and/or people of...
Fleet Feet announced the launch of integrated dynamic pressure mapping as part of the brand’s in-store outfitting experience, fit id. The integration, which includes both pressure mapping software and hardware, creates the ability for Fleet Feet to offer individualized footwear solutions for customers that are both...