Adidas and Allbirds announced a partnership that seeks to “open the doors to each other’s suite of sustainable innovations” in an attempt to create a shoe with the “lowest carbon footprint ever recorded.” This marks the first time in Adidas’ history in which the brand...
Nike, Foot Locker Adidas, Brooks, Nordstrom, New Balance, and Under Armour were among the companies in the active lifestyle industry issuing statements and messages appealing for solidarity against racism amid the protests in the U.S. over the death of George Floyd. Nordstrom’s leaders, Pete and Erik...
“While the reopening of businesses shut down by the coronavirus pandemic is a significant step forward, it is too soon to say how quickly or smoothly the nation’s economy will recover”, National Retail Federation Chief Economist Jack Kleinhenz said. “Is it possible the worst of the...
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...