Despite unprecedented, industry-wide challenges due to the global pandemic, StockX, the sneaker re-selling website, announced it has now surpassed $2.5 billion in gross merchandise value (GMV) and has experienced its biggest months of sales in the second quarter. The company issued a mid-year report, providing a...
U.S. retail sales jumped 7.5 percent in June from the prior month as some stores and restaurants reopened. Results came out ahead of Reuter’s expectations calling for an increase of 5 percent. The gains were on top of the 18.2 percent jump in May, which was...
Walmart, the nation’s largest retailer, will require all shoppers to wear masks at all its Walmart and Sam’s Club’s locations, effective next week. “While we’re certainly not the first business to require face coverings, we know this is a simple step everyone can take for their...
Nike launched a Nike Rise retail concept in Guangzhou, China that promises a curated “1-to-1, personalized shopping experience that connects consumers to sport, their communities and one another.” The company said Nike Rise builds on the launch of recent pilot concepts of Nike’s flagship House of...
Snipes has appointed Jim Bojko as president of Snipes USA. In this role, Bojko is responsible for leading the U.S. operations of the international sneaker and streetwear retailer as it continues to expand the brand across the United States. As president, Bojko will be responsible for...
Nike, the NFL’s official gameday uniform supplier, has taken down Washington Redskin’s apparel from its website amid renewed calls for the NFL team to change its name. The Nike.com NFL page has every team listed on the left sidebar except Washington. Shopping filters also omit Washington,...
JD Sports Fashion reported a rise in annual earnings and indicated Finish Line’s comps in the U.S. grew 9 percent; however, the UK’s largest sneaker chain cut its dividend and warned the coronavirus outbreak has constrained its short term progress. For the 52 weeks ended February...
Dick’s Sporting Goods announced a nearly $800,000 donation to the CDC Foundation in partnership with Callaway Golf. The two companies came together to pledge a percentage of the sales of Callaway MAVRIK Drivers, Fairways, Hybrids and Iron Sets through Dick’s and Golf Galaxy to the CDC...
Walmart plans to launch its own membership service, Walmart+, to rival Amazon Prime this July, according to Recode. The $98-per-year program will offer same-day delivery of groceries and general merchandise, along with other perks such as fuel discounts. Walmart+ is less expensive than Amazon’s $119/year Prime...
Foot Locker Inc. will invest $200 million over the next five years to support the black community through investments in black-owned businesses within youth culture, purchases from more products from black-owned brands and donations to organizations that create economic development and advancement opportunities for minorities. The...