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Nike’s Three ‘D’ Strategy Moving Forward

Any run-of-the-mill retailer looking to sell the Swoosh in 2021 can forget about it. Nike is proceeding with its three-pronged approach focused on Digital, Direct-To-Consumer and Differentiated Retail, a strategy that has Wall Street bullish on the company following a second quarter where...

Can Sportsman’s Warehouse Accelerate Soft Goods Sales Under New Ownership?

Sportsman’s Warehouse, the 112-door, publicly-traded chain across 12 U.S. Western states, which will become part of the privately-held Great American Outdoors Group (parent of Bass Pro Shops and Cabela’s) during the second half of 2021, is known for its focus on...

Report: Rapper, Former NBA Star Want to Acquire Reebok

Adidas, aiming to divest the Reebok business it acquired 15 years ago for $3.8 billion, has at least one suitor group interested in the Vector brand. The Three Stripes has said it will formally announce its plans for Reebok by March 10.

Wolverine Worldwide Promotes Jim Zwiers, Names Ecommerce President

Jim Zwiers, president of Wolverine Worldwide’s International Group, has been named president of the Rockford, MI company’s Global Operations Group. Zwiers, a 23-year WWW veteran, will retain the international group position and responsibilities he has had since 2014.

Foot Locker Exec Joins Soles4Souls; FDRA Promotes Thomas Crockett

Andrew Gray, EVP and Chief Commercial Office for Foot Locker, has joined the board of Nashville-based nonprofit Soles4Souls. Elsewhere, the Footwear Distributors and Retailers of America (FDRA) recently promoted Thomas Crockett.

JD Sports Fashion Acquires Family-Owned Shoe Palace Corp.

The British footprint in U.S. retail athletic specialty is getting larger. JD Sports Fashion, which paid $558 million for The Finish Line in June 2018, has now purchased the San Jose, CA-based Shoe Palace chain for $325 million cash and a 20 percent stake in JD’s wholly-owned U.S. company...

DSW Parent Leans Into Athleisure, Says ‘Normalized’ Profitability Returns at B-T-S 2021

Designer Brands, waiting for a chief digital officer to come onboard and effects from the COVID-19 pandemic to subside, is currently forecasting “a return to normalized customer behavior or profitability” for the Back-To-School 2021 season. In the meantime, the company’s DSW retail segment will...

Lululemon Readies Footwear Launch For H2/2021

After three years of collaboration with sneaker maker APL, Lululemon will take on the footwear category alone next year. The brand’s offerings in the category, which could include run-, training- and yoga-specific styles, will be introduced in the latter half of 2021 with sell-in slated...

In The News: inov-8, Opalux, SFIA, Tecnica

UK-based footwear brand inov-8 has donated £9,600 ($12,981) towards the planting of new trees and the restoration of peat habitats in the battle against climate change. The money was raised through a “Green Friday” sales initiative on its website and a donation was made to the non-profit...

New Balance Shifting U.S. Manufacturing Base

As privately held New Balance prepares to open its “Factory of the Future” in Methuen, MA next summer, the company has publicly disclosed plans to shutter its Boston neighborhood (Brighton) factory on Feb. 5, resulting in 63 layoffs. New Balance disclosed its plans in a regulatory filing with...