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...
A survey from The Federation of the European Sporting Goods Industry (FESI) of its members found 45 percent of the companies declaring a loss of turnover ranging between 50 percent and 90 percent since the beginning of the COVID-19 crisis. A new broader survey exercise examining...
Convoy of Hope, a not-for-profit supporting disaster relief, announced Bass Pro Shops Founder Johnny Morris is personally donating one million FDA-approved ASTM Level 1 Procedure Face Masks to healthcare workers and first responders working on the front lines of the COVID-19 crisis across the U.S. Due...
Adidas, Nike, VF Corp, Patagonia and Puma ranked among the world’s most transparent major fashion brands, according to the 2020 Fashion Transparency Index from the campaign group Fashion Revolution. Overall, the top ten were H&M, with a transparency rating of 73 percent; followed by C&A, 70...
The National Retail Federation today called on Congress to pass legislation establishing a federal program that would help businesses obtain insurance coverage for pandemics modeled on a program for terrorism insurance established following 9/11. “When businesses couldn’t obtain coverage for acts of terrorism after 9/11, Congress...
Under Armour Inc. announced the appointment of Lisa Collier as chief product officer. With more than 30 years across global brand leadership, product development, supply chain and merchandising, Collier will provide multi-disciplined specialty retail expertise to Under Armour’s leadership team. She will report directly to President...