Compass Diversified Acquiring BOA Technology
Compass Diversified, the publicly traded parent of 5.11, Velocity Outdoor and baseball brand Marucci is acquiring BOA Technology, the Denver-based dial-based fit system firm for $454 million in a merger transaction projected to close by Oct. 31.
Nike Continues to Lean on Digital, Data and Tech
After reporting first quarter results yesterday that exceeded Wall Street expectations, Nike senior executives stressed the company’s commitment to continued technology investments, data mining for closer connections to customers and enhancements to its digital-first strategy.“
Work It: New Offerings from Ariat, Michelin
We put two new work boot lines under the spotlight: Michelin’s new collection by Rocky Brands and Ariat’s line that focuses on women.Pictured above right: A new collection of Michelin safety footwear, designed and distributed by Rocky Brands, is available at retail now.
Obituary: Robert W. “Bob” Gore
The chairman emeritus of the Board at W.L. Gore & Associates, the Newark, Delaware-based Global material science company, died Sept. 17. Robert W. “Bob” Gore was 83 and served the Gore brand for 57 years, including five as president and 30 as chairman.
Under Armour Expands Restructuring
Approximately 600 Under Armour corporate employees, some 11.8 percent of its 5100 strong corporate workforce as of Dec. 31, 2019, are losing their jobs at the Baltimore-based company. The job cuts, expected to cost Under Armour $30 million in employee severance and benefit costs, are...
Academy’s Footwear Business Topped $1 Billion in FY19
Regional value-based retailer Academy Sports + Outdoors, which filed for a proposed $100 million offering of public stock last week, generated more than $1.02 billion in footwear sales for the fiscal year ended Feb. 1, 2020. The footwear sales total, up 2.4 percent...
Geox, Clarks Altering North American Business Models
Geox, the publicly traded parent of the Italian classic and comfort brand, is making changes to its operations in the U.S. and Canada in effort to improve profitability across the region. Meanwhile, iconic British shoe brand Clarks is reportedly contemplating a shift toward...
Crocs Anticipates Strengthening Business, Names President
Citing “exceptional consumer demand and strong sellthroughs,” the Broomfield, CO company last week projected its third-quarter sales will increase approximately 10 percent from the $312.8 million generated in the year-ago period.
Designer Brands Pivots to Athleisure, Reins In Camuto
The DSW parent says the banner experienced a dramatic rise in its second-quarter athletics business and that it has the flexibility and necessary vendor relationships to become a “go-to sneaker” headquarters.
JD Sports Still Eyes Expansion
JD Sports, the publicly traded British parent of the Finish Line, has not altered its strategy for increasing the JD and Finish Line nameplates across the U.S. despite impacts from the COVID-19 pandemic.