The filing in the U.S. Bankruptcy Court in Wilmington, DE listed assets of $38.6 million and $39.6 million in liabilities. According to court papers, vendors owed about a million include Nike, Under Armour, Asics, Patagonia and The North Face while those owed close to half...
Phil Knight, the co-founder and chairman of Nike, Inc., has written a memoir. Simon & Schuster Inc. told the Associated Press the book, currently untitled, is scheduled for Spring 2016....
Nike presented a check for $200,000 to Special Olympics Oregon, which has served over 4,000 participants since 2007. The donation will support Unified Sports, a program that provides extracurricular sports opportunities for children, youth and adults in over 30 Oregon communities. ...
Mom and pop retailers' top concerns headed into the 2015 holiday shopping season are competing with other small merchants, changing EMV requirements as well as the overall state of the economy and how it will impact business during Q4 and into 2016, according to the...
Online, social, and mobile activity will play a bigger role in pre-shopping research. Consumers have a more positive outlook going into this holiday season, according to the 2015 Holiday Purchase Intentions Survey from global information company The NPD Group....
The first signature shoe for NBA icon Michael Jordan — the Air Jordan 1 — will once again get the retro treatment as a low version of the shoe is set to hit stores next week. The Air Jordan 1 Retro Low OG Varsity Royal has...
Newton Running has appointed footwear industry veteran Joe O’Neil as its new CEO. O’Neil, who replaces Newton co-founder Jerry Lee as CEO, will lead operations, product development, sales, marketing, merchandising and finance. Lee will remain as the company’s chairman, but he will shift his focus...
Shoes For Crews, a leader in slip-resistant footwear, has entered into a definitive agreement to be acquired by CCMP Capital Advisors LLC. The company’s founders, the Smith family, will rollover a portion of their equity as part of the transaction....
Foot Locker, Inc. and Asics America Corporation revealed the top five contenders in their "Real Lives. Real Runners." campaign, which launched in June and invited aspiring filmmakers to create short films ahead of the 2015 TCS New York City Marathon....
Trade ministers from the 12 nations negotiating the Trans-Pacific Partnership (TPP) are expected to announce this morning that they have successfully completed the negotiations of this historic deal. For well over five years, the Footwear Distributors and Retailers of America (FDRA) have been working...