Target Corp. reported second-quarter comparable sales grew 24.3 percent, the strongest the company has ever reported. Store comparable sales increased 10.9 percent. Digital comparable sales grew 195 percent, accounting for 13.4 percentage points of Target’s comparable sales growth. Overall sales were $22.7 billion against $18.2 billion,...
Payless, which emerged from bankruptcy protection in January after closing all its 2,100 stores in the U.S., announced plans to open 300-to-400 standalone stores nationwide in the next three to five years. The discount shoe chain is relaunched an e-commerce site in the U.S. on August...
On, the Swiss running footwear brand, announced the debut of its first professional run crew, the On Athletics Club (OAC). Coached by three-time U.S Olympian and NCAA title-holderDathan Ritzenhein, the inaugural roster includes Joe Klecker, Alicia Monson, Leah Falland (O’Connor), Emily Oren, Alicja Konieczek, Carlos...
The Supervisory Board of Adidas AG has appointed Thomas Rabe, shown below right, chief executive officer of Bertelsmann, as chairman of the company’s Supervisory Board. He will succeed Igor Landau, whose Supervisory Board mandate expired after 16 years at the end of the Annual General...
Foot Locker Inc. provided a sales and earnings update for the second quarter of 2020 ended August 1, 2020. The company announced that comparable-store sales increased by approximately 18 percent for the second quarter. Additionally, diluted earnings per share for the same period, which include...
Wolverine World Wide Inc. announced the appointment of Brendan Hoffman as its next president and his appointment as a member of its Board of Directors, both effective on September 8. He is expected to transition over a period of time to become the future CEO...
Columbia Sportswear announced a multiyear sponsorship with NASCAR Cup Series driver Bubba Wallace. The agreement enlists Wallace as Columbia’s newest brand ambassador and includes primary sponsorship of the No. 43 Richard Petty Motorsports Chevrolet. Columbia will leverage its first NASCAR driver and team sponsorship to...
REI Co-op announced it is pursuing a sale of its newly completed corporate campus in the Spring District neighborhood of Bellevue, WA with the intention of shifting to a less centralized approach to its headquarters presence in the Seattle area. Rather than a single location, REI’s...
Amazon is reportedly in talks with Simon Property Group to convert some vacant Sears and J.C. Penney locations into Amazon fulfillment centers, according to a report from the Wall Street Journal. The report indicated it’s unclear how many of the stores inside Simon malls are under...
The Council of Fashion Designers of America (CFDA) has promoted CaSandra Diggs to president of the organization. Diggs is a veteran to the organization and fashion industry having joined the CFDA in 2001. Most recently she served as CFDA’s chief administrative and financial officer. As president, she...