JD Sports Fashion Plc has entered into a conditional agreement for the acquisition of DTLR Villa LLC, an athletic footwear and streetwear retailer based in Baltimore, MD, for a total cash consideration of $495 million. Of the purchase price, approximately $100 million will be used to...
Amazon announced that Jeff Bezos will transition to the role of executive chair in the third quarter of 2021 and Andy Jassy will become CEO at that time. Jassy is CEO of Amazon Web Services (AWS). He joined Amazon in 1997 as a marketing manager. In...
Puma has been named Top Employer Europe for the second time in a row by the Top Employers Institute*. This independent award highlights Puma’s efforts to provide an attractive workplace for its employees. Puma’s subsidiaries in Britain, France, Germany, Italy, and Spain have also been named...
Nike opened its latest small-format Nike Live store in Eugene, OR. Nike by Eugene joins three other Nike Live concepts in Los Angeles, Tokyo and New York. The Oregon store will reflect the retailer’s history in Eugene through the store design. The store will have a...
Target said it would be rewarding its frontline workers with $500 bonuses for their efforts during a “year unlike others” in 2020. Members of Target’s executive team, store leaders and distribution center leaders will net bonuses of $1,000 to $2,000. In total, Target is giving...
Nike filed a lawsuit against 589 websites allegedly selling counterfeit versions of its Nike and Converse shoes online. In a 130-page suit filed yesterday in New York District Court, Nike also charged the owners of 676 social media accounts and more than 100 unidentified companies and...
VF Corp. announced a transformation plan for its Asia Pacific operations focused on evolving the region’s organizational design and footprint and building new capabilities to for the growth of its brands. Accordingly, VF will move the center of its brand operations from Hong Kong to...
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...