JCPenney emerged from Chapter 11 bankruptcy on Monday in a deal that leaves Simon Property Group and Brookfield Asset Management Inc as the owners and operators of the department store chain. The sales agreement, supported by the Unsecured Creditors Committee, had previously been approved by the...
UPS has reportedly told drivers across the country to stop picking up packages from six retailers, including Nike, as the carrier attempts to keep up with a record-breaking online shopping season amid the pandemic, according to an internal message obtained by The Wall Street Journal...
Under Armour on Monday launched the Curry Brand with NBA star Stephen Curry in a move being compared to Nike’s launch of the Jordan sub-brand in 1997. The new range launches on CurryBrand.com this week and features footwear and apparel for a number of sports, including...
Caleres has appointed Jay Schmidt as president of the company as part of a number of changes to its leadership structure for a greater alignment with its strategic direction and growth initiatives. “This transformation will drive a renewed, consumer-focused approach that will combine the know-how of...
Sensormatic Solutions, which employs cameras to measure in-store retail foot traffic, reported shopper visits resulted in a 52.1 percent decline in traffic on Black Friday, November 27, compared to 2019. Shopper traffic also decreased 45.2 percent week-to-date (Sunday, November 22 – Friday, November 27) compared...
Foot Locker announced the grand opening of its first Canadian Community Power Store in Vancouver, BC. A second community-based power store will open in Toronto in early December. The Vancouver and Toronto locations follow openings of Foot Locker Power Stores in Detroit, Philadelphia, New York, London,...
eBay has converted a gas station in East Hollywood into a drive-thru ‘Authentication Station’ – offering customers a socially-distanced way to evaluate and sell sneakers, watches and collectibles, without leaving their vehicles. The Authentication Station comes on the heels of the launch of eBay’s Authenticity Guarantee,...
Nike Inc. has introduced a new Nike Unite concept focused on local communities. The concept represents its fourth retail specialty concept, joining Nike House of Innovation, Nike Rise and Nike Live. Nike said in a statement: “Nike Unite exists to serve and celebrate the people in each...
Consumer confidence waned in October, reflecting somewhat less optimism about the jobs market and the U.S. economy in the next six months amid another outbreak of coronavirus cases. The Conference Board Consumer Confidence Index declined slightly in October, after increasing sharply in September. The Index now...
Adidas reported sales and profitability recovered in the third quarter as stores reopened, alongside booming e-commerce sales, with a modest profit expected in the final quarter. Major Developments Third-quarter top- and bottom-line results close to the prior-year level; Currency-neutral revenues down 3 percent, reflecting a focus...