HOUSE OF HOOPS: Nike Inc. and Foot Locker Inc. are partnering to open 50 stand-alone basketball apparel and shoe stores called House of Hoops by Foot Locker — offering Nike, Jordan and Converse basketball shoes, apparel and equipment — over the next three years. While most stores will be converted Foot Locker locations, some new sites will be created, as well. The first likely will open early next year in an existing Foot Locker in New York. Others will follow in Las Vegas, Chicago, Houston and Los Angeles. Nike and Foot Locker's relationship suffered years ago over the retailer discounting Nike shoes, but a Nike spokesman said all past problems have been "ironed out." Financial terms of the deal were undisclosed. The price of both companies' stock fell Tuesday morning after news of the deal broke.

SMITH TO C-SUITE:
Brad Smith has joined C-Suite Inc., the executive recruiting arm of 24 Seven Inc., as senior search consultant. 24 Seven is a staffing and recruitment firm for fashion, retail, beauty, marketing, advertising and action sports organizations. Smith will be based in the company's New York office. Prior to joining C-Suite, Smith spent more than a decade as senior vice president at Colton Bernard, a San Francisco-based marketing consultancy and recruiting company.

HARDY NAMES SILVERMAN: John Hardy, the Bali, Indonesia-based jewelry firm, has tapped Carole Silverman to fill the new post of senior vice president of sales and marketing. Silverman reports to Terri Eagle, president and chief executive officer. Silverman has had stints as vice president of wholesale at Hermès and as vice president of marketing at Beauté Prestige International, a subsidiary of Shiseido Cosmetics USA.

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