Swiss-based running brand, On, announced the launch of its subscription-based service to support recyclable sportswear to On customers worldwide. The subscription service, named Cyclon, will allow subscribers to receive and wear running sportswear and then return end-of-life products back to On in exchange for the latest...
VF Corp. released the second edition of its VF Global Inclusion & Diversity Annual Profile. The report is public for the first time. A snapshot from the 37-page report includes the following: 55 percent of it’s U.S. employees are BIPOC (Black, Indigenous, and/or people of...
Fleet Feet announced the launch of integrated dynamic pressure mapping as part of the brand’s in-store outfitting experience, fit id. The integration, which includes both pressure mapping software and hardware, creates the ability for Fleet Feet to offer individualized footwear solutions for customers that are both...
Nordstrom has appointed Jian DeLeon, former editorial director of Highsnobiety, as men’s fashion editorial director. “He will l report to Red Godfrey, vice president and creative director and oversee storytelling through an editorial lens to present a holistic men’s perspective”, according to Nordstrom. The hiring was...
Adidas successfully placed two bonds in an amount of €1 billion in total. The 4-year bond of €500 million matures in September 2024 and has a coupon of 0.00 percent, while the 15-year bond of €500 million matures in September 2035 and has a coupon...
Pentland Brands Limited announced changes to its executive team. The changes include Chirag Patel becoming chief executive officer, having previously served as deputy chief executive officer. Patel started his career in the pharmaceutical and fitness industries before arriving at Pentland Brands and working in leadership roles...
VF Corporation, together with its Timberland brand, announced a collaboration with Redress for the Redress Design Award 2020. Through the collaboration, VF and the Timberland brand will lend their experience and expertise in sustainability to support the education and professional development of the industry’s next generation...
Under Armour, Inc. announced plans to close all UA Brand House and UA Factory House retail locations in the United States for Thanksgiving . All U.S. retail locations will re-open to the public on Friday, November 27. “This entire year has been unpredictable and for all...
Mall owners Simon Property and Brookfield Property Partners have reached an agreement in principle to acquire JC Penney out of bankruptcy proceedings in a deal valued at approximately $800 million, sources told the Wall Street Journal. The move will avoid a total liquidation and save...
Walmart has agreed to sell Shoes.com to CriticalPoint Capital, the Los Angeles based private investment firm and owner of JackRabbit and Olympia Sports, according to a report from Bloomberg. Walmart bought Shoes.com’s intellectual property for $9 million in 2017. It made Shoes.com the flagship domain for...