Author: Andy Polk

Allbirds, the San Francisco-based casual footwear and sneaker maker, raised $100 million in financing in a funding round that valued the company at $1.7 billion, according to a report in the Wall Street Journal. The Series E funding was led by Franklin Templeton and will be...

Nordstrom, Inc. announced the company will stop selling products made using animal fur or exotic animal skin by the end of 2021, becoming the first major U.S. retailer to make the commitment. The new companywide policy includes Nordstrom, Nordstrom Rack and Last Chance stores, as well as Nordstrom’s e-commerce sites. The commitment...

Adidas successfully placed its first sustainability bond as the company continues to execute on its long-term sustainability plan while optimizing its capital structure and financing costs. The €500 million bond has a term of 8 years and a coupon of 0.00 percent. It will be listed...

Holiday retail sales are likely to increase between 1 percent and 1.5 percent, according to Deloitte’s annual holiday retail forecast. Overall, Deloitte’s retail and distribution team project that holiday spending will result in sales between $1,147 billion and $1,152 billion during the November-January timeframe. Deloitte also...

Nike has partnered with We Coach, an organization that embraces recruitment, advancement and retention of women coaches in sports, on a new Made to Play Coaching Girls Guide to “help make sport fun for girls.” Nike and We Coach provide additional support from Youth Sport Trust...

Nike Inc. reported sales were down 1 percent in the first quarter ended August 31 but topped Wall Street’s targets as digital growth grew 82 percent. Earnings were up 10 percent and far ahead of analyst estimates. Quarterly Highlights First-quarter reported revenues were $10.6 billion, down...