According to a survey from the Institute for Supply Management (ISM), nearly 75 percent of companies report supply chain disruptions in some capacity due to coronavirus-related transportation restrictions, and more than 80 percent believe that their organization will experience some impact because of COVID-19 disruptions. Of...
A coalition of trade associations—the National Retail Federation (NRF), American Apparel & Footwear Association (AAFA), Footwear Distributors and Retailers of America (FDRA), Retail Industry Leaders Association (RILA) and United States Fashion Industry Association (USFIA)—issued a statement Tuesday on reports of forced labor in the Xinjiang...
Adidas said it expects first-quarter sales to fall more than 10 percent as revenues in Greater China tumble between €0.8 billion and €1.0 billion below the prior-year level due to the coronavirus outbreak. The guidance assumes a decline of about €100 million in Japan and South...
Genesco Inc., the parent of Journeys, reported comp sales in the fourth quarter rose 1 percent. GAAP earnings from continuing operations per diluted share of $2.49 for the three months ended February 1, 2020, compared to earnings from continuing operations per diluted share of $1.53 in...
Puma said it no longer expects its business will return to normal soon, despite encouraging signs coming out of China, adding it was abandoning the 2020 guidance it gave on February 19 that had assumed the crisis would be short-lived....
On Sunday, Eric Artz, REI’s president and CEO, shown above, wrote a blog entry addressed to co-op members detailing numerous steps the retail is taking in response to the coronavirus outbreak. His full statement follows: “The health and safety of our co-op community is our highest priority....
Sports Engineering Inc. (SEI) announced that former Super Bowl-winning quarterback Joe Theismann has joined SEI to help advance SEI’s SmartSpring technology. SEI is continuing its efforts to make footwear and sports equipment safer for athletes and active people of all ages. Among other activities, Theismann will...
Fleet Feet announced the debut of Fleet Feet Drop Shop, a new retail concept shopping experience in Portland, OR. The concept combines Fleet Feet’s 3D foot scanning technology and personalized outfitting experience with two-day home delivery. Located on 3080 Southeast Division Street, Fleet Feet Drop Shop...
Dick’s Sporting Goods reported fourth-quarter earnings topped Wall Street’s expectations as same-store sales rose 5.3 percent. The retailer also announced it was removing the hunt category from another 440 stores....
A survey of nearly 170 firms by the American Chamber of Commerce in China, or AmCham China, found nearly one-third of U.S. firms with exposure to China are facing increased costs and significantly reduced revenue due to the coronavirus outbreak. Nearly half of U.S. companies in...