Kohl’s Inc. warned that back-to-school was off to a slow start and a promotional climate is expected for holiday selling. However, the middle-market chain expects to gain significant market share as COVID-19 causes competitors to close and accelerates trends toward casualization and active lifestyles. “COVID has...
Anta Group and the World Wide Fund for Nature (WWF) held a signing ceremony at the Group’s operational headquarter in Xiamen, China announcing that Anta Group became WWF’s first international partner in China’s sportswear and textile industry. As stated in a press release: “With the support...
The Mint Green Group announced an exclusive distribution partnership with Nike Canada in golf and tennis. The partnership will enable increased investment in these categories. “Our partnership with Nike marks a fantastic new chapter in Mint Green’s history, and it has the potential to be the...
Foot Locker Inc. has opened its largest store in Singapore. Located in Orchard Gateway @Emerald, the five-story space with retail over three-levels combines product, in-store presentations and customer experiences featuring a multi-branded basketball collection and a half-court in B2. The mix features footwear and apparel from...
Target Corp. reported second-quarter comparable sales grew 24.3 percent, the strongest the company has ever reported. Store comparable sales increased 10.9 percent. Digital comparable sales grew 195 percent, accounting for 13.4 percentage points of Target’s comparable sales growth. Overall sales were $22.7 billion against $18.2 billion,...
Payless, which emerged from bankruptcy protection in January after closing all its 2,100 stores in the U.S., announced plans to open 300-to-400 standalone stores nationwide in the next three to five years. The discount shoe chain is relaunched an e-commerce site in the U.S. on August...
On, the Swiss running footwear brand, announced the debut of its first professional run crew, the On Athletics Club (OAC). Coached by three-time U.S Olympian and NCAA title-holderDathan Ritzenhein, the inaugural roster includes Joe Klecker, Alicia Monson, Leah Falland (O’Connor), Emily Oren, Alicja Konieczek, Carlos...
The Supervisory Board of Adidas AG has appointed Thomas Rabe, shown below right, chief executive officer of Bertelsmann, as chairman of the company’s Supervisory Board. He will succeed Igor Landau, whose Supervisory Board mandate expired after 16 years at the end of the Annual General...
Foot Locker Inc. provided a sales and earnings update for the second quarter of 2020 ended August 1, 2020. The company announced that comparable-store sales increased by approximately 18 percent for the second quarter. Additionally, diluted earnings per share for the same period, which include...
Wolverine World Wide Inc. announced the appointment of Brendan Hoffman as its next president and his appointment as a member of its Board of Directors, both effective on September 8. He is expected to transition over a period of time to become the future CEO...