Skechers sued Adidas in federal court this week claiming unfair competition after the brand sent hundreds of thousands of dollars in secret payments to high school and college athletes in return for them wearing Adidas.
Fresh off the heels of his Superbowl halftime show performance, Justin Timberlake is opening a multi-brand pop-up shop in NY this weekend. Product will include collaborations with Levi's, Warby Parker and Jordan Brand.
Nike is one of six major brands to see a decline in teen spending, and the age group has an increased preference for streetwear labels like Vans and Supreme. In addition, teens spend more on food than clothing.