J.C. Penney, which filed for bankruptcy protection on Friday, plans to close 242, or 29 percent, of its 846 stores over the next two years, according to a filing with the Securities and Exchanges Commission. For the current fiscal year, 192 stores are expected to close...
Target Corp. reported first-quarter comparable sales grew 10.8 percent, driven by a 12.5 percent increase in the average basket, as guests made fewer, bigger shopping trips. Store comparable sales increased 0.9 percent. Digital comparable sales grew 141 percent. Profits slumped 64 percent due to incremental...
After careful consideration and with guidance from health authorities and industry stakeholders, the PGA Fashion & Demo Experience, originally scheduled for August 18-19, 2020, at the Venetian Resort Las Vegas, will instead facilitate business connections through a series of digital programs starting in June with...
Hoka One One and On Running ran counter to the market by generating gains in April despite sharp declines overall due to store closures in response to the pandemic, according to The NPD Group. Total Footwear Industry Trend Total footwear U.S. sales for April totaled $1.2 billion,...
The Conservation Alliance has awarded five grants from the organization’s Public Lands Defense Fund to groups working to defend the Roadless Rule, the National Environmental Policy Act, and Cascade Siskiyou National Monument. The awards were funded with the support of Velocio, Patagonia and The North...
VF Corp., The VF Foundation, and the VF family of brands have donated more than $10.3 million in funds, products and services worldwide to stem urgent medical needs and help those struggling to cope in the face of the Coronavirus pandemic. “Through the efforts of our...
Chip Coe has been named the new global brand president of Cat Footwear, a division of Wolverine World Wide Inc. Coe has more than two decades of global brand-building experience and has held several leadership positions within Wolverine Worldwide since joining the company in 2010. Most...
DSW announced it will implement sterilization procedures and safety measures as it starts to re-open almost 200 stores in the U.S. and Canada. One example includes any shoe returns or shoes that have been tried on will be taken off of the sales floor to the...
Nordstrom provided a list of 16 full-line stores it plans to close. On May 6, Nordstrom announced plans to permanently close 16 of its 116 full-line stores and announced other additional actions to increase flexibility and agility in response to COVID-19. The list was later provided...
With physical distancing precautions still in place across the country, Fleet Feet announced its fourth annual Global Running Day event, The Big Run, which will take place virtually this year. Shifting names to My Big Run, this June 3 Global Running Day initiative will take place...