Adidas said it was closing a “considerable” number of its stores in China due to concerns over the coronavirus outbreak, according to a report from Reuters. “We can confirm that we are currently experiencing a negative impact on our business in China. However, it is too...
Foot Locker Inc. announced the North America rollout of FLX, its new membership program unifying all Foot Locker, Inc. brands under one platform. Members of FLX are rewarded for shopping and engaging across the six Foot Locker, Inc. brands in the U.S., including Foot Locker, Kids...
Nike Inc. announced it is transitioning its Nike Brand business in Brazil, Argentina, Chile and Uruguay to strategic distributor partnerships, enabling a more profitable, capital-efficient and value-accretive business model. Nike said the move demonstrates Nike’s ongoing approach to optimize country operating models across its global portfolio,...
Emerald Expositions Events Inc., the parent of Surf Expo, Outdoor Retailer and other trade shows, unveiled the launch of its new brand identity, vision and corporate website, emeraldx.com. As part of its brand evolution, the company intends to formally change its corporate name to Emerald...
Stein Mart Inc. entered into a definitive merger agreement under which an affiliate of Kingswood Capital Management, L.P. will acquire all of the outstanding common stock of Stein Mart not already beneficially owned by affiliates of Jay Stein, Stein Mart’s former CEO and current chairman...
JCPenney announced the appointment of six vice presidents, each bringing years of leadership, innovation and expertise to the company. “We continue to build a strong and talented team of leaders at JCPenney who will champion us through our Plan for Renewal,” said Jill Soltau, chief executive...
Deckers Brands Inc. again raised its earnings guidance for the year after reporting results for the third quarter ended December 31 that easily topped its outlook. Sales grew 2.6 percent at Ugg and jumped 63.6 percent for Hoka One One. Teva and Sanuk both suffered...
Adidas is introducing two new fabrics that use 100 percent recycled polyester, Primeblue and Primegreen, and announced several more commitments as part of its goal to use only recycled polyester for its shoes and clothing by 2024. In a statement, Adidas noted that since 2012, it has...
Asics Corporation announced that its investment subsidiary Asics Ventures Corporation invested in a Japanese startup No New Folk Studio Inc., developer of sensing solution Orphe Track, which measures and analyses foot movement. Asics is, jointly with No New Folk Studio, currently developing smart running shoes that...
VF Corp. announced Tuesday that it is commencing a review of strategic alternatives for the occupational portion of its Work segment. This strategic review is a reflection of management’s continued focus on transforming VF into a more consumer-minded and retail-centric enterprise, with a portfolio of growth-oriented...