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...
Mizuno Corp. reported earnings surged in the third quarter ended December 31 as sales grew 8.1 percent. Quarterly results were attained by extrapolating six-month results from nine-month results. Sales in the quarter reached ¥40.5 billion against ¥37.2 billion a year ago. By region, sales in Japan were up...
Nike, Inc. has acquired Datalogue, a data integration platform start-up based in New York. Datalogue is Nike’s latest acquisition to enable its consumer-led digital transformation. “Our CDA strategy focuses on accelerating how we connect with consumers to better serve them personally at scale,” said John Donahoe,...
Keen Inc announced plans to increase its Portland, OR production by 26 percent driven by demand for its “American Built” Utility boots and hikers assembled in Portland. Also, Keen is expanding its manufacturing relationship with Nester Hosiery, the manufacturer of outdoor socks based in North...
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...