Toms, the company that designs and markets shoes as well as eyewear, coffee, apparel, and handbags, based in Los Angeles, CA, generated a total of $2 million in support of COVID-19 front line workers. This follows its move in March to direct one-third of its...
In his first shareholder letter since taking over as Nike’s CEO and president in January, John Donahoe wrote that COVID-19 “offered a stress-test” of its Consumer Direct Offense strategy while stating “Nike’s underlying strengths and resilience have become even more evident in this crisis.” Donahoe wrote,...
Timberland announced a goal for its products to have a net positive impact on nature by 2030. The goal includes having all products designed for circularity and made from natural materials sourced from regenerative agriculture. “The environment today is in a degraded state. As a footwear...
Shoe Carnival Inc. reported record sales in the third quarter as same-store sales grew 12.6 percent and online sales more than tripled. Earnings were down slightly due to \higher shipping costs from elevated online sales and a shift to adult athletic sales which typically carry...
Nordstrom Inc., as expected, took it on the chin with fiscal second-quarter top-line results, but company management saw a silver lining to the dark clouds of the COVID-19 experience. Nordys saw the hit from the virus as an opportunity to accelerate strategic plans and to...
Foot Locker Inc. reported earnings rose 7.6 percent on an adjusted basis as same-store sales jumped 18.6 percent. Results were in line with a pre-announcement provided on August 10. Second Quarter Results Net income for the company’s second-quarter of 2020 was $45 million, or $0.43 per share,...
Susquehanna International Group said in a note Monday that proprietary checks confirm that Nike will be closing nine wholesale accounts: City Blue, VIM, EbLens, Belk, Dillard’s, Fred Meyer, Bob’s Stores, Boscov’s, and Zappos. In the note, Sam Poser, the lead analyst in the space for Susquehanna,...
Black Diamond Equipment (BD), a manufacturer of climbing, skiing and mountain sports equipment, announced plans to expand its retail footprint to Park City, UT and will host a series of in-store events on September 5-6. “This weekend commemorates the grand opening of BD retail in Park...
Foot Locker announced the grand opening of its first West Coast community-based Power Store in Compton, CA. The 12,800- square-foot store is scheduled for August 26. “As part of our commitment to bring the best-localized expression of Foot Locker to consumers, we are excited to expand...
Amazon announced plans to add 3,500 tech and corporate jobs across a half-dozen U.S. cities. The cities include Dallas, Detroit, Denver, New York, Phoenix, and San Diego. Amazon said it will invest more than $1.4 billion in these new offices which will host teams supporting businesses...