Foot Locker Inc. announced a new organizational structure designed to foster greater agility and speed-to-act as the company continues to advance its key strategic imperative to elevate the customer experience. The senior management promotions and organizational changes being implemented will: Connect the company’s customer-facing functions globally,...
Consumers tentatively plan to spend a record amount to prepare students for school and college this year as they buy more laptops and computer accessories in anticipation that at least some classes will take place online because of the coronavirus pandemic, according to the annual...
Iconix Brand Group, Inc., the parent of Starter, Pony, Umbro, Danskin and a number of other brands, said in a regulatory filing that its board has decided to broaden its exploration of strategic alternatives available to the company to enhance shareholder value, including a potential...
On, the Swiss running shoe brand, denied a report in the Swiss, German-language newspaper, NZZ am Sonntag, that it has started plans to go public in the summer or fall of 2021. “The speculation in the Swiss Sunday papers is false. On has no plans for...
Fanatics reached a long-term agreement to become Tepper Sports & Entertainment’s (TSE) official omnichannel retail partner. Under the new deal, Fanatics will operate both the e-commerce and physical retail experiences at Bank of America Stadium for the NFL’s Carolina Panthers and Charlotte’s new MLS expansion...
Despite unprecedented, industry-wide challenges due to the global pandemic, StockX, the sneaker re-selling website, announced it has now surpassed $2.5 billion in gross merchandise value (GMV) and has experienced its biggest months of sales in the second quarter. The company issued a mid-year report, providing a...
U.S. retail sales jumped 7.5 percent in June from the prior month as some stores and restaurants reopened. Results came out ahead of Reuter’s expectations calling for an increase of 5 percent. The gains were on top of the 18.2 percent jump in May, which was...
Walmart, the nation’s largest retailer, will require all shoppers to wear masks at all its Walmart and Sam’s Club’s locations, effective next week. “While we’re certainly not the first business to require face coverings, we know this is a simple step everyone can take for their...
Nike launched a Nike Rise retail concept in Guangzhou, China that promises a curated “1-to-1, personalized shopping experience that connects consumers to sport, their communities and one another.” The company said Nike Rise builds on the launch of recent pilot concepts of Nike’s flagship House of...
On an SFIA Coronavirus Update Webinar, Matt Powell, VP and senior industry advisor, The NPD Group, explored whether the current strength in fitness and cycling is sustainable; the recent bounce back in golf, running footwear, other categories; and shifts the sports industry may face due...