The North Face and REI both said they would temporarily stop buying Facebook ads in solidarity with calls for a boycott from civil rights organizations. Facebook and CEO Mark Zuckerberg have come under fire for allowing racist content and disinformation to propagate on the site. On...
Rack Room Shoes announced it committed to a $1 million donation, $200,000 per year for five years, to use towards a diversity plan that includes scholarships, internship opportunities, mentoring programs, and other donations for education and economic development in the black community. The Company’s diversity plan...
Shoe Carnival, Inc. has re-opened all but one of its 390 stores across the U.S. and Puerto Rico following closures prompted by the COVID-19 pandemic. For the fiscal second quarter-to-date through June 22, the footwear retailer is reporting that it has experienced stronger than expected...
Fleet Feet has reopened 170 of its 184 stores in some capacity to strong initial results for many franchisees, according to a profile in Forbes. A decision to build a shared, central e-commerce site for all stores proved to be particularly beneficial as stores were...
Speaking at the 2020 Stifel Cross Sector Insights Conference, Steve Rendle, VF Corp.’s chairman, president and CEO, said moves beginning in 2017 to reposition the business are serving the company “very, very well to navigate these times.” But he also believes VF is well-positioned to...
Raymond James analyst Matthew McClintock raised his price target on Nike Inc. as the virus has heightened consumers’ desire to refocus on health and wellness. The upgrade also takes into account expected faster paybacks from its digital investments as well as a positive consumer response...
Cat Footwear, owned by Wolverine Worldwide, appointed Kelly Ballou, shown right, as its VP of marketing. Ballou joined the company in 2003 as a marketing manager for Cat Footwear and became the director of consumer marketing for Cat Footwear. Since then, Ballou has worked with...
Nike is making Juneteenth, which takes place on June 19 and commemorates the end of slavery in the U.S., an official paid company holiday, CEO John Donahoe said Thursday in a letter to employees. Juneteenth, also known as Freedom Day, honors the day in 1865 on...
Mall owners Simon Property Group and Brookfield have partnered with Authentic Brands to explore a purchase of bankrupt department-store chain J.C. Penney, sources told Bloomberg. Simon is the biggest mall owner in the country and Brookfield, a unit of Brookfield Asset Management, is the second largest. J.C....
Vans has opened the first Vans building in Japan. The three-floor building located at the center of Harajuku, Tokyo, comprises multiple zones for different product ranges. As a brand that supports art and street culture, Vans collaborated with three Japanese artists Shigeki Matsuyama, Yutaka and Hirotton...