Nike ranked as the world’s most valuable apparel brand for the seventh consecutive year, although the brand value was down 13 percent to US$30.4 billion, according to the Brand Finance Apparel 50 2021 report. Nike still maintains a considerable lead over second-ranked Gucci, with a brand...
Foot Locker Inc. released its Impact Report, which describes the company’s efforts to advance its environmental, social and governance (ESG) priorities. “As a purpose-driven organization, Corporate Social Responsibility is not a separate mandate for our business. Instead, it is embedded in our fabric and fuels our...
U.S. consumer confidence in March climbed to a one-year high, after a modest increase in February, as Americans grew more upbeat about the economy and labor market. The Conference Board’s index increased to 109.7 from a revised 90.4 reading in February. That was the sharpest one-month...
Dick’s Sporting Goods will expand its national footprint with the opening of its first Dick’s House of Sport, a new concept store in Victor, NY, on April 9, and two Warehouse Sale locations and experiential Soccer Shops in select locations in April. This month, the retailer...
A Chinese consumer boycott threat against international brands including Nike and Adidas appeared to be losing momentum over the weekend, according to a report from the South China Morning Post. Last week, Nike, H&M, Burberry and other Western brands faced backlash from Chinese state media and...
Nordstrom will begin hosting a series of live streaming events, where store employees or brand partners will showcase certain products on video. Customers who tune in can then purchase those products in real-time. The virtual events allow shoppers to engage with the hosts and ask questions about...
Foot Locker announced Melody Ehsani as creative director of its women’s business through content and product development. As creative director, Ehsani will design quarterly apparel capsule collections and curate an on-going selection of Nike and Jordan products. The first capsule collection will be available in summer...
The Hudson’s Bay Company, owners of Saks Fifth Avenue, signed a deal to sell a minority stake in Saks Fifth Avenue’s e-commerce business and turn it into a separate company. Saks Fifth Avenue’s e-commerce business as a standalone entity, which will be known as Saks. Insight...
Apex Global Brands Inc. said it entered into a merger agreement with Galaxy Universal LLC. Apex’s brands include Hi-Tec, Magnum, 50 Peaks, Interceptor, Cherokee, Tony Hawk, Point Cove, Carole Little Everyday California, and Sideout. The closing of the acquisition is expected to occur in the second...
Nordstrom Inc. discussed its long-term strategy to generate sustainable shareholder value Thursday at a virtual investor event. The company also reiterated fourth quarter 2020 expectations, introducing its fiscal year 2021 outlook and providing its long-term financial outlook. “We have a unique business model with two powerful...