Target Corp. announced a $14 million commitment to youth soccer through two new national initiatives, including an $8 million local grant program, and a $6 million partnership with the U.S. Soccer Foundation to build 100 new soccer play spaces by 2020. These are the latest investments...
Footaction partnered with music pioneer Gucci Mane, Uber Everywhere artist MadeinTYO and One Night Only MC, Cousin Stizz, for the debut of its digital Summer Hustle campaign. The video follows all three artists as they find themselves hustling away at various summer jobs while Gucci Mane offers his entrepreneurial guidance. The campaign...
Zumiez Inc. announced total net sales for the four-week period ended July 29, 2017 increased 8.9 percent to $67.5 million, compared to $61.9 million for the four-week period ended July 30, 2016. The company’s comparable sales increased 5.1 percent for the four-week period compared to a...
Adidas, in line with a recent update, reported earnings from continuing operations rose 16 on a 19 percent revenue gain on a currency-neutral basis. The development reflected a 21 percent increase at brand Adidas as well as a 5 percent increase at the Reebok brand. Major developments...
For Immediate Release Contact: Andy Polk (202-737-5660) "We applaud leaders in the White House and Congress for releasing a unified agenda for tax reform that does not include the Border Adjustment Tax (BAT). FDRA has worked hard to lead the charge against the BAT, because a new tax...
Dave Kahan, CEO of Birkenstock, in an e-mail to his retail partners called Amazon’s new third-party inventory purchasing program an “assault on decency” because it’s allegedly aimed at selling products not currently approved for the online retail site, according to a report on CNBC. According to the e-mail...
Moody’s Investors Service upgraded the Corporate Family Rating (CFR) of Caleres Inc., formerly known as Brown Shoe, to Ba3 from B1, the Probability of Default Rating to Ba3-PD from B1-PD, and the rating on the senior notes to B1 from B3. The rating agency said these...
Sequential Brands Group Inc. reported total revenue for the quarter ended June 30, 2017 increased 23 percent to $42.1 million, compared to $34.2 million in the prior year quarter. On a GAAP basis, net income for the second quarter 2017 was $2.5 million, or 4 cents...
Footwear Distributors & Retailers of America President & CEO: Border Adjustment Tax Getting in the Way of Growth and Job Creation Issues Statement Following Speaker Ryan’s Tax Reform Push in Lawrence, MA Lawrence, Massachusetts – Following Speaker Paul Ryan’s (R-WI) visit today to a New Balance shoes...
ISA TanTec, an eco-friendly leading leather manufacturer represented by the LITE (Low Impact To the Environment) trademark, announces the appointment of Fanny Lan as Chief Sustainability Officer (CSO). Mrs. Fanny Lan has been engaged in various significant roles in Quality, Health & Safety, Environmental and Corporate...