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Footwear Business UPDATE.
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Footwear Business UPDATE

Footwear Business UPDATE is the only continuously updated source for news for the Athletic and Casual Footwear markets.  This archive area is updated by our editorial team throughout the day as news breaks in the industry.  The Footwear Business UPDATE newsletter is delivered via e-mail in either TEXT or HTML format.

Click any of the archive tabs above for more news by category of interest.

All BASIC subscribers can access posted articles free for seven days from publish date.  Once archived, articles can only be accessed with a PREMIUM or EXECUTIVE subscription.

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The Latest News...

Fleet Feet Expands Annual Conference; Honors Store Owners and Vendors
Fleet Feet, Inc. honored the outstanding contributions and accomplishments of its franchisees, employees and vendors during its annual National Franchise Conference June 27- July 1, 2009. As part of the event, Fleet Feet, Inc. honored its franchise owners and vendors at its annual Awards Dinner. Saucony took home the coveted Fleet Feet Sports Footwear Vendor of the Year award and David Drees, Nike, Inc., received the Fleet Feet Sports Lola Amcher Vendor Customer Service Award...(7/2/2009)

Heelys Hires New Accounting Firm
Heelys, Inc. has engaged Grant Thornton LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2009 to replace the firm of Deloitte & Touche LLP...(7/2/2009)

Nexcen Brands Cash, Debt Flat in Q1
NexCen Brands, Inc., the parent of The Athlete's Foot, reported its cash on hand was approximately $8 million at the end of its first quarter ended March 31, remaining consistent with cash on hand at December 31. Debt was approximately $142 million, remaining level with outstanding debt at the close of the year. Due to accounting irregularities, the company had not provided any financial information since the fourth quarter of 2007...(7/1/2009)

Nike Inks 10-Year Deal with Tar Heels
According to UNC officials Wednesday, the University of North Carolina Tar Heels have signed a 10-year deal with Nike to supply athletic equipment and apparel for its sports teams...(7/1/2009)

New Balance CEO to Join AAFA Board of Directors
The American Apparel & Footwear Association (AAFA) said Rob DeMartini, CEO of New Balance, will join the AAFA Board of Directors and Executive Committee...(6/30/2009)

Dick's SG to Open in Former Joe's Location
Dick's Sporting Goods Inc. will open a store in a former Joe's Sports & Outdoor in Hillsboro, OR. The store will be the second for Dick's SG in Oregon. The Hillsboro location marks the first Joe's store to be refurbished for another company, according to the Daily Journal of Commerce in Portland, OR...(6/30/2009)

The Bon-Ton to Close Northwood, OH Store
The Bon-Ton Stores, Inc. said it will close its 167,900 square foot Elder-Beerman Woodville Mall store in Northwood, OH. The leasehold interest in the Northwood location was acquired by Bon-Ton in 2003 as part of the Elder-Beerman acquisition. The closing, which is scheduled for the middle of September 2009, will impact approximately 60 associates. The closing costs for the location will not be material...(6/30/2009)

Sport Chalet Cites Progress in Turnaround Efforts
Sport Chalet, Inc. in a statement pointed to continued progress on its initiatives to improve its financial performance and return the company to profitability. Last Friday, the Los Angeles-based retailer reported its net loss in its fiscal fourth quarter reached $11.1 million, or 79 cents a share, compared to a loss of $2.8 million, or 20 cents, a year ago...(6/29/2009)



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