Macy’s said its store reopenings are generating sales higher than expected and its digital momentum has not fallen off. The department store giant provided an update while pre-releasing first-quarter results that included a forecast for an operating loss of up to $1.1 billion for the period. Macy’s,...
Deckers Brands’ fourth-quarter results missed targets due to the arrival of COVID-19 but continued momentum from Hoka One One as well as triple-digit gains in online sales to help limit the damage. Indeed, first-quarter sales in the 45 days through May 15 were only trending down...
As the percentage of golf retail stores open, foot traffic continues to increase with a growing number of golfers indicated their concern for visiting physical stores is subsiding, according to the National Golf Foundation’s latest industry-wide survey. Approximately 80 percent of off-course golf retail stores are...
The National Retail Federation (NRF) welcomed the introduction of the Pandemic Risk Insurance Act, which would establish a federal program to help businesses obtain insurance coverage for pandemics modeled on a system for terrorism insurance established following 9/11. “Congress must take swift action on a solution...
Under Armour announced details for the phased reopening of its owned stores in North America. The company reopened its first U.S. stores to customers on May 15 and opened additional stores last week. By this Friday, Under Armour will have welcomed customers back to nearly...
Keds, a division of Wolverine World Wide Inc., appointed Bornie Del Priore as president. Del Priore has more than two decades of global footwear industry experience and currently serves as global brand president of the Wolverine Worldwide Kids Group, a role she will continue while also...
Vida Shoes International, a licensee of fashion footwear brands, said it made the difficult decision to streamline teams throughout its operation with layoffs and temporary salary reductions. The announcement comes on the heels of COVID-19 as companies across industries are facing cost-cutting measures. Solomon Dabah, Vida...
The Conference Board Consumer Confidence Index held steady in May, following a sharp decline in April. The Index now stands at 86.6 (1985=100), up from 85.7 in April. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – declined...
Asics Corp. announced that its investment subsidiary, Asics Ventures Corporation, has invested in Seevix Material Sciences Ltd., which was founded in 2014 following over a decade of academic research at the Hebrew University. Seevix produces patented man-made Spidersilk, SVX, possessing natural Spidersilk’s strength and elasticity. SVX...
Columbia Sportswear Co. will reopen 30 Columbia branded stores in ten states on Friday, May 15, 2020, bringing back more than 250 of its furloughed retail workers. All stores will prioritize a safe environment for customers and employees. Among steps being taken are requiring face coverings...