In recognition of frontline healthcare workers combating COVID-19 around the world, Nike will partner with nonprofit Good360 in the U.S. and local organizations across Europe to donate more than 140,000 pieces of footwear, apparel and equipment globally. Nike brought out a number of its sponsored athletes,...
VF Corp. announced that some of its brands, including The North Face, Timberland, Icebreaker, Smartwool, Eagle Creek and Altra, will donate 15 percent of their Outdoor Retailer Summer Market refund to Outdoor Industry Association (OIA). The funds will directly support OIA’s small business members by providing the necessary tools, resources,...
The NCAA’s Board of Governors announced that it had approved recommendations under which student-athletes could receive income for third-party endorsements, as well as social media opportunities, other business ventures, and personal appearances that fall within certain guidelines. In a statement, the NCAA said that while student-athletes...
Macy’s Inc plans to reopen 68 stores on Monday in states that reduced coronavirus lockdown restrictions, according to the Wall Street Journal. The newspaper reported Macy’s Chief Executive, Jeff Gennette, as saying in an interview that he expected to have all of the company’s roughly 775...
According to a nationwide survey from First Insight taken on April 20, the majority of consumers surveyed would feel the safest shopping in grocery stores (54 percent) and drug store chains (50 percent). Forty-five percent of consumers would feel safe shopping at big-box retailers, and 43...
Ross Stores, Inc. announced that the company and the Ross Stores Foundation have jointly pledged $1.5 million of donations to local and national organizations providing essential COVID-19 relief services, and additional support to associates. Donations to the company’s nonprofit partners, including the Boys & Girls Clubs...
The NBA is reportedly planning to re-open a number of team practice-facilities. The National Basketball Association is expecting to re-open team facilities on Friday, May 30, in areas with relaxed stay-at-home restrictions, ESPN reports. Alternative arrangements for players in states with full quarantine orders to be able...
U.S. sales of leisure footwear, which includes many of the industry’s athletic-lifestyle and outdoor categories, were down 15 percent in the first quarter, according to the NPD Group. Fashion footwear tumbled 24 percent and the smaller sport-specific performance footwear category declined 19 percent. Total U.S. leisure...
Target Corp. said quarter-to-date, total company comparable sales have grown more than 7 percent, but warned that a number of factors will reduce first-quarter profitability. These include investments in pay and benefits to support team members during the COVID-19 crisis and a shift in category...
Ecco reported a slight decline in earnings in 2019. Revenues rose from 3.8 percent to €1.36 billion from €1.31 billion. Net profits eased 0.8 percent to €147.6 million from €148.9 million. Profit before tax reached €195.8 million, down from €200.7 million. “Our global strategy with regional and...