Bob McGee

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Verdict Handed Down in Nike Extortion Case

Attorney Michael Avenatti was sentenced to two-and-half years in prison last week for his Spring 2019 threats against Nike and his attempt to extort millions from the company.

Licensing Behemoth ABG Files IPO

Authentic Brands Group, founded by Jamie Salter in 2010, filed for an initial public offering last week that could end up valuing the brand development firm at $10 billion.

Report: Field of Reebok Suitors Narrows

Wolverine Worldwide, parent of the Saucony and Merrell brands among others, is among a field of five potential buyers for Reebok, according to July 1 published reports from Bloomberg and Reuters.

JD Sports Fashion Will Convert 50 More Finish Lines Banners This FY

Publicly traded global retailer JD Sports, which acquired Baltimore-based DTLR Villa LLC earlier this fiscal year, currently has 60 JD-bannered stores in the U.S. after opening five and converting six former Finish Line locations.

FTC Gets Tougher on ‘Made in USA’ Fraud

A new Federal Trade Commission rule will enable the government body to crack down on violators of ‘Made in the USA’ standards through a broader range of remedies, including civil penalty fines of up to $43,280 per violation.

Jordan Brand Remains a Nike Crown Jewel

Eighteen years since he played his last NBA game in Philadelphia and 37 years since his first signature basketball shoe, Michael Jordan continues to put up stellar numbers.

Physical Health is Motivation of New-Pandemic Runners

A new study by RunRepeat, the athletic shoe review site, finds running motivation, race participation and racing preferences differ between pre-pandemic and new-pandemic runners.

Designer Brands Names Camuto Group Prez

Debbie Ferrée, interim president of Designer Brands’ Camuto Group business since Aug. 2020, has been formally named president of the private label unit that is expected to ramp up production in the second half of 2021.

Wolverine Worldwide Sets Succession Plan

Brendan Hoffman, president and a director of Wolverine Worldwide, the parent co. of Merrell, Saucony and Sperry, among other labels, will become CEO of the Rockford, MI company at the end of 2021.

Superfeet Acquired by Seattle Private Equity Firm

Westward Partners, which has been investing in privately held Northwest U.S. companies since 2010, acquired a majority stake in employee-owned Superfeet last week.

Avia, AND1 on Move Again?

Avia and AND1, two athletic brands that have been staples of Walmart’s assortment for 4-10 years, may soon be sold again as part of a brand sell-off by parent company Sequential Brands Group.

Lululemon Prepares For Footwear Launch; Expands Portland Footwear Operations

The first footwear introduction from Lululemon will come later this year with a full line rollout expected in 2022. The company, known for its yoga wear and other apparel, is reportedly building its footwear team in Portland, OR, where it will work under the direction of Keith Jacobson.

Weyco Group Acquires Forsake Brand

Forsake, an outdoor footwear brand known for its “sneakerboot” styles and for mixing casual style with rugged outdoor performance footwear, has been acquired by Weyco Group, the publicly traded parent company of the Florsheim, Nunn Bush, Stacy Adams, BOGS and Rafters brands.

U.S. On Track For Fastest Consumer Spending Pace Since 1984

The National Retail Federation, citing economic indicators that point to “energetic expansion over the upcoming months and through the remainder of the year,” last week hiked its full year retail sales forecast.

Zumiez Adapts to Supply Chain Challenges

Senior executives for Zumiez say the retailer’s buying staff will do whatever is needed to meet market demand from chasing “hot” products to pushing out orders for slower movers.

Tilly’s Building Curated Assortment of Sustainable Products

Hopeful that the Back-To-School selling environment that commences next month is typical of prior years, Tilly’s, the 238-door chain, hopes to have more than 1,000 sustainable-focused products in its merchandise assortment by the end of Q3.

FDRA Taps Shoe Carnival Senior Executive as Chairman

Cliff Sifford, Vice Chairman and CEO of the Shoe Carnival chain, is the new Chairman of The Footwear Distributors and Retailers of America. His appointment to the lead the footwear industry trade group took effect June 1 after being approved at a FDRA virtual board meeting on March 24.

RIA’S Runchella Set for Late September in Denver

The Running Industry Association (RIA) plans to host an in-person industry event called Runchella, exclusively for RIA members, this September. Described as a social symposium with a core goal of reconnecting with industry peers in the specialty run channel “Runchella” is scheduled to...

New Sneaker Trading Platform Launches

Two former Foot Locker House of Hoops sales associates and a former IBM executive, all avid sneaker collectors, have teamed up to co-found a new sneaker trading platform called Tradeblock. The company launched its beta mobile apps in March before a wider rollout last month.

DSW Will Continue to Sell Nike Through End of 2021

While Nike will stop taking orders from DSW parent, Designer Brands, and its Canadian operations in September, DSW will be selling Nike through the end of this year. In reporting its first quarter results, Designer Brands senior management highlighted the banner’s ongoing athleisure strategy...

Improving Market Trends Highlight Latest FDRA Business Survey

Three key market metrics — outlook for the U.S. economy over the next six months; outlook for shoe shoppers over the next six months; and company health over the next six months — each posted quarterly improvement in the Footwear Distributors & Retailers of America...

Famous Footwear Stepping Up Kids’ Business

Caleres-owned chain Famous Footwear wants to further accelerate its momentum in the kids’ footwear category, which represented 18 percent (approximately $71.6 million) of total Q1 revenues and posted a 39 percent increase over Q1/19 level.

Global Footwear Market to Reach $440 Billion by 2026

The global footwear market could reach $440 billion by 2026. The estimate, provided in a new report from Global Industry Analysts (GIA), assumes a 2.3 percent CAGR for the entire segment and a 1.9 percent CAGR for the athletic segment.

BOGO NoMo as Ecommerce Rises for Shoe Carnival

Shoe Carnival, the 383-door chain, is seeing its ecommerce business continue to rise, but is still forecasting brick-and-mortar growth to outpace its ecommerce expansion in 2021 “as consumers continue to seek in-person experiences and family activities outside the home...

VF’s Strategy to Re-Ignite Vans’ Momentum Kicks Off in June

Aiming to fuel product and marketing excitement behind its largest brand and regularly connect it to its most ardent customers, VF Corp. is launching a globally coordinated weekly drop cadence for Vans in June that marries product and experiential demand creation.