June 15, 2023
Forty years after introducing DresSports, considered the first classic dress shoe with a rubber sole, The Rockport Company yesterday filed for Chap. 11 bankruptcy protection for the second time in five years.
The hands on the supply chain Doomsday Clock got a major rollback Wednesday night with a tentative agreement between the International Longshore and Warehouse Union and the Pacific Maritime Association on a new six-year contract to cover 22,000 dockworkers across all 29 West Coast ports.
Former L.A. Gear and United Online CEO Goldston joins the fitness company’s board as executive chairman, a newly created role, where he’ll work with founder and CEO Carl Daikeler in guiding BODY towards profitability.
After breaking ground last week on its Skowhegan, ME, factory expansion, New Balance announced plans to build a 102,418-sq.-ft. footwear plant in Londonderry, NH, its sixth U.S. site and first outside of ME and MA.
Adjusted sales of sporting goods/hobby/book and music stores increased 1% last month to $8,643 million from $8,543 million, according to Commerce Dept. data, returning the category to growth after Apr.’s small decline.
NLS is selling 3,525,000 shares of its common stock and up to 573,362 shares of pre-funded warrants for $1.22 per share to an unnamed institutional investor, in a deal that also includes the same total number of warrants to purchase additional shares.
The Japanese sportswear company’s venture arm has taken a stake in Valkyrie Industries, a tech start-up that combines virtual reality and electrical muscle stimulation.
The Japanese retailer elevated Manabu Oda to representative director, president and CEO, from GM of the president’s office and sales division, succeeding founder Yusaku Komori, who is retiring after leading the company for 47 years.
Continuing positive momentum for the sport pushed total equipment dollar sales 2% higher through May, and are running 51% above pre-pandemic levels, according to National Golf Foundation data.
Huish Outdoors is recalling about 7,445 OceanPro, Excursion, and Hera SCUBA diving buoyancy compensating vests because the handle for the weight pockets can break during use.