2017-05-18 / Business

Nike adding T.O. footprint

Taking place of Sports Authority


JUST DO IT—A Nike store will open later this year at Westlake Promenade. 
RICHARD GILLARD/Acorn Newspapers JUST DO IT—A Nike store will open later this year at Westlake Promenade. RICHARD GILLARD/Acorn Newspapers One of the country’s biggest names in sportswear is coming to Thousand Oaks.

Nike will fill the spot formerly occupied by Sports Authority in the Westlake Promenade, Caruso Properties, owner of the Promenade, told the Acorn this week. The company’s unmistakable “swoosh” was hung from the window of the empty building earlier this month, tipping off the public to the impending change.

“We are thrilled to bring Nike to the Promenade at Westlake,” Kloe Colacarro, Caruso’s executive vice president of leasing, said. “The store is the latest addition to our extraordinary roster of tenants at the property and will quickly become a favorite and frequent stop for the local community.”

Nike spokesperson Grace Chang confirmed via email that the sports apparel and shoe company would be taking over the more than 20,000-square-foot space. Sports Authority closed in summer 2016 not long after the company declared bankruptcy.

“We’re looking forward to serving consumers with innovative product, services and experiences when our Nike Thousand Oaks store opens at the Promenade at Westlake this fall,” Chang wrote, declining further comment.

Beaverton, Ore.-based Nike grossed $32.4 billion in 2016 but saw its stock price tumble 20 percent in the final months of the year after it hit a high in August. The sports giant is facing increasing competition from companies like Adidas and Under Armour.

Nike operates 931 stores in the world, according to its website. The outlet store in Camarillo is the Nike shop nearest to T.O.

Becca Whitnall

This story was corrected at 3:28 p.m. May 18, 2017. An earlier version of this story said Nike was based in Eugene, Ore. It is actually based in Beaverton, Ore.

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