Sporting Goods Industry News for September 19, 2019
With the divestiture of Lids behind it, Genesco told investors at the C.L. King Conference that it is focused on synergies between its two American footwear brands, Journeys and Johnston & Murphy, as well as between its two teen brands, Journeys and Schuh in the U.K.
The terms of the 10-year £750 million deal allow the Big a to lower its payments by 30% if the team fails to qualify for the Champions League for a second year in a row.
The action sports company said that it has substantially completed integrating Billabong and increased, but unspecified, profitability will allow it to start focusing on investing to grow its brand portfolio, which includes Quiksilver, Billabong, ROXY, DC Shoes, RVCA, Element and others.
The Patriots wide receiver, who has been accused by a former personal trainer of sexual assault, is no longer a Nike athlete, a Swoosh spokesman told Reuters, with no additional detail.
The fast growing online athletic apparel brand has had its small U.S. staff working out of shared office space in the city, and is looking for about 5,000-sq.-ft. of permanent space there to accommodate a staff of 30-50, the Denver Business Journal reported.
Pentland Brands added responsibility for the EMEA region to current president of footwear Richard Newcombe as its president of EMEA & Americas, Carl Davies, is leaving the company.
The Slidell, LA, retailer listed less than $50,000 in assets and total liabilities of $2,725,625 in a Chapter 7 filing in E. Louisiana bankruptcy court.