Imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic and remain at high levels as 2021 begins, according to the monthly Global Port Tracker* report released by the National Retail Federation (NRF) and Hackett Associates. “Nobody would have thought...
StockX said it recorded $1.8 billion in gross merchandise value (GMV) in 2020 and closed more than 7.5 million trades during the year. The marketplace provided an update on the business while issuing a new report titled StockX Snapshot: Current Culture Index, that identifies major movers...
Adidas AG said more than 60 percent of its products will be made with sustainable materials in 2021. From 2024 onward, Adidas is committed to using only recycled polyester. Adidas said the increased use of recycled polyester, or sustainable cotton, is part of an objective to...
Wolverine World Wide Inc. announced the appointment of Matt Blonder as its new president, global e-commerce. Most recently, he was global head of digital at Reebok, a division of Adidas. At Reebok, he transformed the brand’s digital strategy, led a complete refresh of Reebok.com, revamped the...
Spyder, which is is owned by Authentic Brands Group (ABG), has partnered with Footwear Unlimited, to support the brand’s launch into footwear. The new collection, to launch in fall 2021 at specialty retailers, department stores and on Spyder.com, includes outdoor, hike, trail, Après Ski, and lifestyle...
StockX announced it has raised $275 million in a Series E funding round that values the live marketplace at $2.8 billion post-money. The investment will be used to accelerate global expansion, innovation and category diversification for the e-commerce marketplace. In the third quarter, StockX surpassed $3...
Adidas AG said it has begun a review of whether to sell its underperforming Reebok brand. Adidas said Monday it will announce a decision on March 10 when it presents its new five-year growth plan. Adidas’ brief statement read, “As part of the development of its...
Brooks Running and Vaude have each signed The Climate Pledge, a commitment to be net-zero carbon by 2040, a decade ahead of the Paris Agreement’s goal of 2050. Brooks and Vaude joined 11 other new signatories including Atos, Canary Wharf Group, Coca-Cola European Partners, ERM, Groupe...
JCPenney emerged from Chapter 11 bankruptcy on Monday in a deal that leaves Simon Property Group and Brookfield Asset Management Inc as the owners and operators of the department store chain. The sales agreement, supported by the Unsecured Creditors Committee, had previously been approved by the...
UPS has reportedly told drivers across the country to stop picking up packages from six retailers, including Nike, as the carrier attempts to keep up with a record-breaking online shopping season amid the pandemic, according to an internal message obtained by The Wall Street Journal...