Author: Andy Polk

As the percentage of golf retail stores open, foot traffic continues to increase with a growing number of golfers indicated their concern for visiting physical stores is subsiding, according to the National Golf Foundation’s latest industry-wide survey. Approximately 80 percent of off-course golf retail stores are...

Keds, a division of Wolverine World Wide Inc., appointed Bornie Del Priore as president. Del Priore has more than two decades of global footwear industry experience and currently serves as global brand president of the Wolverine Worldwide Kids Group, a role she will continue while also...

Vida Shoes International, a licensee of fashion footwear brands, said it made the difficult decision to streamline teams throughout its operation with layoffs and temporary salary reductions. The announcement comes on the heels of COVID-19 as companies across industries are facing cost-cutting measures. Solomon Dabah, Vida...

The Conference Board Consumer Confidence Index held steady in May, following a sharp decline in April. The Index now stands at 86.6 (1985=100), up from 85.7 in April. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – declined...

J.C. Penney, which filed for bankruptcy protection on Friday, plans to close 242, or 29 percent, of its 846 stores over the next two years, according to a filing with the Securities and Exchanges Commission. For the current fiscal year, 192 stores are expected to close...

Target Corp. reported first-quarter comparable sales grew 10.8 percent, driven by a 12.5 percent increase in the average basket, as guests made fewer, bigger shopping trips. Store comparable sales increased 0.9 percent. Digital comparable sales grew 141 percent. Profits slumped 64 percent due to incremental...