Gentry Humphrey has announced his retirement from Nike Inc., according to a Complex report. He most recently served as the VP of Footwear for the Jordan Brand and has been with Nike since 1994. Kris Wright, currently VP of global mens’ footwear, sports lifestyle product, succeeds Humphrey....
Amer Sports Corp. announced the planned appointment of Franco Fogliato as president and CEO of Salomon. The appointment will be effective no later than March 15, 2022. Fogliato will be charged with leading its international business. “As we enter this next phase of growth for Salomon,...
Imports at the nation’s largest retail container ports should hit another record in August as consumer demand continues to stretch supply chains and retailers shift from the back-to-school season to the peak shipping season for winter holiday merchandise, according to the monthly Global Port Tracker*...
Foot Locker Inc. announced it has entered into a definitive agreement to acquire Text Trading company, K.K., which owns and licenses the Atmos brand, a digitally-led retailer headquartered in Japan, for $360 million. The transaction will be funded with the company’s available cash. Foot Locker said...
DSW Designer Shoe Warehouse reached an agreement with Wolverine Worldwide to become the exclusive in-store distributor of Hush Puppies beginning in 2022. “Hush Puppies is a wonderful brand for Millennials who desire both style and comfort in their busy, on-the-go lifestyles,” said DSW’s Chief Merchandising Officer...
Asics has taken an unspecified stake in healthcare startup, Japan HealthCare Co., Ltd., which makes custom insoles working from photos of feet taken by smartphone. The acquisition was made through Asics Ventures, the brand’s investment subsidiary. Japan HealthCare was founded in June 2017 by Daichi Okabe who...
Wolverine Worldwide raised its full-year guidance after second-quarter results easily topped Wall Street targets. All-time record quarterly revenue for Merrell and Saucony drove consolidated revenue growth of 81 percent compared to 2020 and 11 percent versus 2019. “With record revenue in the second quarter and demand...
Columbia Sportswear Company released its 2020 Corporate Responsibility Report, which includes performance highlights and progress made throughout 2020 in the three main areas of focus in its corporate responsibility strategy – empowering people, sustaining places and responsible practices. “Throughout the year, we remained true to our...
The U.S. Senate passed legislation on Wednesday to ban the import of products from China’s Xinjiang region unless importers can prove they were not made with forced labor. The move marks the latest effort in Washington to punish Beijing for what U.S. officials said is...
SFIA, OIA, SIA, FDRA, and AAFA were part of 76 trade associations that sent a letter to U.S. Trade Representative Katherine Tai urging the Biden administration against adding more 301 tariffs and, instead, use other tools, such as financial diplomacy led by the Treasury Department,...