NBA Commissioner Adam Silver said on Saturday that the league will likely lose “hundreds of millions of dollars” in lost sponsorships and broadcast revenue from its standoff with the Chinese government after an executive last year tweeted his support for Hong Kong’s protesters....
Anta Sports Products expects the coronavirus outbreak will impact its financial performance in the first half of 2020 but is aiming for a recovery in the second half, the Chinese company said in a stock exchange filing. Roughly 40 percent of the company’s stores in...
For the second consecutive year, customers ranked Bass Pro Shops and Cabela’s as two of the most reputable retailers in the world for overall customer experience, according to 2019 Retail Reputation Report compiled by Reputation.com. Bass Pro Shops moved up the list from 12th last year...
Allbirds, the footwear start-up, announced that it has appointed Nancy Green, president and chief creative officer of Old Navy and former president of Athleta, to its Board of Directors. Green brings with her decades of experience in the retail space, including a six-year tenure as president...
Vans opened its first community-driven retail and event space in Downtown Los Angeles. The 11,500 sq. ft. space pays homage to Los Angeles’ skateboarding roots and art community over two floors featuring work from a number of local makers, a wide range of Vans footwear,...
Nike Inc released its latest Impact Report covering its fiscal year 2019. The report details the progress the company is making to reach its diversity & inclusion, community and sustainability targets for 2020. Highlights of the report include: Nike increased vice president (VP)-level representation of women...
Genesco Inc., the parent of Journeys, announced plans for its new corporate headquarters in Nashville, TN. The company’s new corporate offices will be located at 535 Marriott Drive in Nashville and occupy approximately two-thirds of the facility’s 310,000 square feet of space. Relocation is targeted...
Vibram has signed a multi-year partnership agreement with Pensole Academy, which starts this year. The new agreement further establishes the longstanding relationship between the two organizations in fostering strong industry relationships and developing innovations. Collaboratively, Pensole and Vibram will develop multiple projects per year, working across their Portland...
Skechers USA Inc. reported net earnings rose 25.5 percent in the fourth quarter on a 23.1 percent revenue gain. Sales topped guidance and earnings arrived at the high end of guidance. Fourth Quarter Highlights Record quarterly sales of $1.33 billion, an increase of 23.1 percent. Skechers...
VF Corp. said that at this time, about 60 percent of VF’s owned and partner stores in China have been temporarily closed due to coronavirus mitigation efforts. Stores currently open have experienced significant declines in retail traffic. VF said it is working in accordance with local...