Daily News Feed
Genesco Looks to Future as Footwear-Driven Company
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.
Kathmandu Gets Sales Boost from Oboz
Comprehensive net income at the down under retailer and Oboz parent declined 22% to NZ$54,956,000 ($38.7 mm) from NZ$70,009,000 for the fiscal year ended Jul. 31 on 10% higher revenues of NZ$545,618,000 ($365.9 mm) up from NZ$497,437,000.
The Japan Patent Office’s Opposition Board has denied The Big a’s attempt to invalidate Japanese company Marubeni Footwear’s trademark registration for its diagonal two-stripe logo.
The 63,000-sq.-ft. free standing store in Richmond, TX, features an upscale aesthetic, and is the retailer’s answer to the many Dick’s stores that have opened in the past few years in its home market.
NOCSAE Sued by Mayfield Facemask Clips for Antitrust Violations
The non-profit that sets performance standards for football helmets and is funded by helmet companies has been hit with an anti-trust complaint by Mayfield, which claims that NOCSAE and the helmet companies have conspired to keep its products off the market by allowing the manufacturers to decide whether they will undertake the certification process for their helmets when they have been retro-fitted with Mayfield’s clips.
Several sporting goods industry companies have pledged money and launched fundraising efforts to fund relief for damage caused to the Bahamas by Hurricane Dorian.
Net loss at the Hi-Tec brand owner was down to just $1,267,000 in the second quarter ended Aug. 3 against a loss of $9,053,000 last year that included $5.6 million in restructuring charges.
The U.S. Patent and Trademark Office’s Patent Trial and Appeal Board reversed an earlier decision against Crocs, finding that the clogmaker’s design patent D517789 for the its original clog is valid.
Dubbed “The Court,” the 1.5-million-sq.-ft distribution facility in Ham, Belgium, will serve all of Europe as well as Africa and the Middle East.