Apex Global Brands Inc. said it entered into a merger agreement with Galaxy Universal LLC. Apex’s brands include Hi-Tec, Magnum, 50 Peaks, Interceptor, Cherokee, Tony Hawk, Point Cove, Carole Little Everyday California, and Sideout. The closing of the acquisition is expected to occur in the second...
Nordstrom Inc. discussed its long-term strategy to generate sustainable shareholder value Thursday at a virtual investor event. The company also reiterated fourth quarter 2020 expectations, introducing its fiscal year 2021 outlook and providing its long-term financial outlook. “We have a unique business model with two powerful...
Mizuno Corp. reported earnings surged in the third quarter ended December 31 as sales grew 8.1 percent. Quarterly results were attained by extrapolating six-month results from nine-month results. Sales in the quarter reached ¥40.5 billion against ¥37.2 billion a year ago. By region, sales in Japan were up...
Nike, Inc. has acquired Datalogue, a data integration platform start-up based in New York. Datalogue is Nike’s latest acquisition to enable its consumer-led digital transformation. “Our CDA strategy focuses on accelerating how we connect with consumers to better serve them personally at scale,” said John Donahoe,...
Keen Inc announced plans to increase its Portland, OR production by 26 percent driven by demand for its “American Built” Utility boots and hikers assembled in Portland. Also, Keen is expanding its manufacturing relationship with Nester Hosiery, the manufacturer of outdoor socks based in North...
JD Sports Fashion Plc has entered into a conditional agreement for the acquisition of DTLR Villa LLC, an athletic footwear and streetwear retailer based in Baltimore, MD, for a total cash consideration of $495 million. Of the purchase price, approximately $100 million will be used to...
Amazon announced that Jeff Bezos will transition to the role of executive chair in the third quarter of 2021 and Andy Jassy will become CEO at that time. Jassy is CEO of Amazon Web Services (AWS). He joined Amazon in 1997 as a marketing manager. In...
Puma has been named Top Employer Europe for the second time in a row by the Top Employers Institute*. This independent award highlights Puma’s efforts to provide an attractive workplace for its employees. Puma’s subsidiaries in Britain, France, Germany, Italy, and Spain have also been named...
Nike opened its latest small-format Nike Live store in Eugene, OR. Nike by Eugene joins three other Nike Live concepts in Los Angeles, Tokyo and New York. The Oregon store will reflect the retailer’s history in Eugene through the store design. The store will have a...
Target said it would be rewarding its frontline workers with $500 bonuses for their efforts during a “year unlike others” in 2020. Members of Target’s executive team, store leaders and distribution center leaders will net bonuses of $1,000 to $2,000. In total, Target is giving...