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In 2017, over 12,000 physical stores closed due to factors including over-expansion of malls, rising rents, bankruptcies, leveraged buyouts, low quarterly profits outside holiday binge spending, delayed effects of the Great Recession, [3] and changes in spending habits.
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The Rockport Group is an American shoe brand owned by Authentic Brands Group. Associated brands include Aravon, Dunham and Rockport, and the Rockport Cobb Hill Collection. Founded in Marlborough, Massachusetts, in 1971 by Saul L. Katz and his son, Bruce R. Katz, the company marketed walking as a healthy alternative to running. In 2023 the ...
Bruce Richard Katz (February 17, 1947 – June 26, 2022) was an American entrepreneur who co-founded The Rockport Shoe Company in 1971 and served as its CEO until its sale to Reebok International in 1986. [1] He was the founder and CEO of The Samuel Hubbard Shoe Company based in Mill Valley, California. [2]
In 2015, New Balance's parent, together with Berkshire Partners, bought the Rockport shoe company from the Adidas Group and combined it with Drydock Footwear under the name The Rockport Group, now with the Aravon, Cobb Hill, Dunham, and Rockport brands. [13] [14] [15] In 2018, The Rockport Group went into bankruptcy and was sold. [16] [17]
The area is just west of Rockport's noted Bearskin Neck area. Most of the 28 properties in the district are commercial buildings; there are also three churches, a library, and a number of residences. Only a few of these properties front on the side streets adjacent to Main Street; all abut Main Street.