In Might 2019, Simon Loofe acquired a letter he had been dreading. A lawyer from Nike knowledgeable him that the sportswear large would cease supplying Loofe’s and Shoe HQ, his Bury-based vogue outlets. With every passing season, Nike disadvantaged Loofe of an increasing number of inventory till slicing him off solely this yr. It marked an unceremonious finish to a 35-year relationship.
“It’s a bitter tablet to swallow … Nike was an enormous a part of our enterprise,” stated Simon’s son Jonathan, who helps run the household enterprise that marked its a centesimal birthday this yr.
Loofe’s is considered one of a whole lot of companies which have develop into collateral harm from Nike’s mission to cull the variety of chains it provides to solely 40 worldwide. After the pandemic spurred Nike’s