Amazon may be taking over Seattle, but it’s not harming retail growth. Seattle is one of the largest company-driven cities in the United States thanks to Amazon. The e-commerce company, founded by Jeff Bezos in 1994, owns a staggering 19 percent of all prime office space...
Nike has partnered with Kendrick Lamar, the star rapper. Lamar has previously worked with Reebok. “Cortez. Since day one. #teamnike #TDE @nike @nikelosangeles,” Lamar wrote on Twitter and Instagram coupled with an image of him performing in pair of Cortez sneaker. He made the announcement across social media on Saturday,...
The 117th U.S. Open is underway in New York City and Adidas kicked off the competition in a special way. Yesterday Adidas, Pharrell Williams, Stan Smith and Adidas tennis athletes Garbiñe Muguruza, Angelique Kerber, Sascha Zverev, Dominic Thiem and Jo-Wilfried Tsonga gathered at Frederick Johnson Community Court in Harlem,...
The Finish Line Inc. said it expects a steep decline in earnings in both the second quarter and fiscal year ended March 3 while also indicating it is adopting a shareholder-rights plan aimed at thwarting unwanted takeover advances. Second Quarter Guidance For the second quarter ended August...
Eddie Bauer is opening in-store shops inside Hudson Bay’s locations in Vancouver and Toronto in Canada. The stores mark Eddie Bauer’s first appearance into a Canadian department store and will feature a curated collection of Eddie Bauer’s technical outdoor apparel and gear. The Queen Street Toronto store, opening August...
Caleres, the parent of Famous Footwear, reported adjusted net earnings improved 4.4 percent. Famous Footwear same-store sales were up 2.8 percent while Brand Portfolio sales up 16.8 percent due to the acquisition of Allen Edmonds. “In the second quarter, we delivered solid sales improvement across both sides of...
Led by the Americas region, Billabong International Ltd. reported a modest increase in operating earnings before charges in its fiscal year ended June 30, boosted by a strong second half. Figures are in Australian dollars. Earnings before interest taxation depreciation and amortization excluding significant items and discontinued...
At the 2017 Peak China Tour and Dwight Howard III Press Conference, Chinese sports brand Peak introduced the first wearable 3D printed basketball shoe to hit the international market. Peak is one of the first brands to apply 3D printing technology to a sports shoe. Three...
Asics America Corp. opened a new store format at the Mall of America in Minnesota. According to a statement from Asics America, “The space balances the highly technical aspects of the brand’s products – a sound body – with natural, warm finishes, features and materials –...
The Census Bureau of the Department of Commerce reported that the estimate of U.S. retail e-commerce sales for the second quarter of 2017, adjusted for seasonal variation but not for price changes, was $111.5 billion, an increase of 16.2 percent from the second quarter of...