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April 05, 2023 Shoe City-YCMC Files for Bankruptcy as Arklyz Backs Out
Baltimore, MD-based ESCO, Ltd., which operates 39 Shoe City stores in MD, VA and DC and the YCMC e-commerce site, lists assets and liabilities of between $10 and $50 million, and owes money to most of the big athletic footwear brands. Nike On Top in Teen Survey as New Balance and Crocs Improve
Nike added another percentage point to its dominance of teen footwear mindshare, as the favorite sneaker brand named by 61% of respondents in Piper Sandler’s Spring 2023 Taking Stock with Teens Survey. Macron Bounces Back From Pandemic Headwinds
The teamwear maker, which sponsors more than 90 professional clubs around the world in various sports, reported 37% higher revenues last year at €169.9 million ($178.7 mm). Garmont Revenues Jump 60% in 2022
The Italian outdoor footwear company’s sales were €40.5 million ($42.6 mm) last year, up by 60% from 2021, with an EBITDA margin of more than 16%. Fanatics Acquires European Football Retailer
The licensed apparel juggernaut has extended its reach into Europe with the acquisition of Italian sports merchandise company, EPI, which operates the official online and retail stores of several top Italian football clubs and international sports brands. Clarus President John Walbrecht Departs
CLAR and John Walbrecht mutually agreed to part ways at the end of Mar., according to an SEC filing that also noted that the role will remain vacant at this time. MSCHF Sued Again over Wavy Baby
MSCHF Product Studio, which is currently embroiled in a lawsuit from Vans over its Wavy Baby Old Skool counterfeit or art project, depending on who you ask, is now facing a suit over the Wavy Baby name.
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