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April 07, 2022


Foot Locker Plans for Less Nike This Year

Big Foot outlined the adjustments it will be making through 2022 to adapt to its diminished Nike allocation in a round table discussion at the JP Morgan’s Retail Roundup Conference.

KKR Formalizes Offer for Accell Group

The €58 per share offer for the Dutch owner of Raleigh, Ghost, Haibike and other brands officially launched on Apr. 7, with an acceptance period running through June 3.

Retail Imports Remain Strong, but Port Delays Declining

Port congestion has begun to ease over the past several months, but could experience another surge this summer, according to the NRF and Hackett Associates, as Feb. retail imports hit 2.11 million twenty-foot equivalent units, a 13% increase from 2021.

Gymshark Plans Restructuring After Rapid Growth

The U.K.-based sportswear brand will lay off as many as 121 employees, then hire over 100 in new roles that better map to critical areas for growth, according to multiple reports.

Nike to Open Technology Center in Atlanta

The technology center, slated to open in early 2023, will be located in West Midtown Atlanta, GA, and will focus on expanding the Eager Beavertons’ digital-first supply chain and logistics operations.

Zappos Names Schaefer CEO

The Amazon-owned footwear and apparel e-tailer has given acting CEO Scott Schaefer the job on a permanent basis.

Xtep Sales Accelerate in Q1

The Chinese sportswear brand said that retail sell-through grew 30% to 35% in the first quarter, on top of last year’s mid-50s jump lapping pandemic lockdowns.

Etcetera: Club Champion, Sqairz, Bass Pro, Blaser

 
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