The Supervisory Board of Adidas AG has extended the appointment of CEO Kasper Rorsted by another five years until July 31, 2026. Kasper Rorsted has been a member of the Adidas Executive Board since August 2016, and the company’s Chief Executive Officer since October 2016. “Kasper...
Wolverine Worldwide reported sales dropped 39 percent in the second quarter but came in better than expected with a boost from almost triple-digit owned e-commerce growth. The parent of Merrell, Sperry, Saucony and other footwear brands also managed to post a profit in the period...
The VF Foundation, the private grantmaking organization funded by VF Corp., announced the recipients of its gifting cycle totaling $7.3 million in investments to 80 organizations around the world. The investments include $5 million in support of the environment, social and economic equity and community...
Nike will open its third House of Innovation at the historic 79 Avenue des Champs-Élysées in Paris. The location will open on July 30. Over four floors and some 2,400 square meters (nearly 26,000 square feet), Nike Paris, House of Innovation 002 will offer an immersive...
REI ranked first in Forbes America’s Best Employers For Women list. In its third annual ranking of the best employers for women, Forbes collaborated with market research firm Statista surveying 75,000 Americans, including 45,000 women, working for businesses that employ more than 1,000 workers. The respondents spanned...
J.C. Penney is reportedly close to accepting a $1.75 billion bid from Sycamore Partners to acquire the company in an auction in bankruptcy court. Sycamore intends to merge Penney with Belks, which operates 300 department stores mostly in the South. While the deal is still subject...
Nike Inc. said it is canceling plans to open a plant in Goodyear, AZ, just outside of Phoenix, AZ to make soles for its Nike Air shoes as part of its Nike Air Manufacturing Innovation (Air MI) program. “We are experiencing unprecedented times and due to...
Canada Goose today announced the appointment of Adam Meek to the new role of GM Footwear & Accessories. Meek will lead the development and execution of the global footwear strategy as well as oversee the brand’s accessories collection. “Now, with all of the pillars in place...
Seventy-two percent of companies now anticipate that sales will not return to pre-COVID-19 numbers until 2021, and 53 percent report not until Q2 of 2021, according to the SFIA’s 3rd Edition of its monthly COVID-19 Industry Impact Report. The expectation for sales to bounce back has...
Under Armour Inc. said it will commit to ensuring 12 percent of its employees at the director level or higher are Black by 2023 as part of a series of initiatives “to support a more diverse and inclusive future.” The goal is in addition to an...