Raymond James analyst Matthew McClintock raised his price target on Nike Inc. as the virus has heightened consumers’ desire to refocus on health and wellness. The upgrade also takes into account expected faster paybacks from its digital investments as well as a positive consumer response...
Cat Footwear, owned by Wolverine Worldwide, appointed Kelly Ballou, shown right, as its VP of marketing. Ballou joined the company in 2003 as a marketing manager for Cat Footwear and became the director of consumer marketing for Cat Footwear. Since then, Ballou has worked with...
Nike is making Juneteenth, which takes place on June 19 and commemorates the end of slavery in the U.S., an official paid company holiday, CEO John Donahoe said Thursday in a letter to employees. Juneteenth, also known as Freedom Day, honors the day in 1865 on...
Mall owners Simon Property Group and Brookfield have partnered with Authentic Brands to explore a purchase of bankrupt department-store chain J.C. Penney, sources told Bloomberg. Simon is the biggest mall owner in the country and Brookfield, a unit of Brookfield Asset Management, is the second largest. J.C....
Vans has opened the first Vans building in Japan. The three-floor building located at the center of Harajuku, Tokyo, comprises multiple zones for different product ranges. As a brand that supports art and street culture, Vans collaborated with three Japanese artists Shigeki Matsuyama, Yutaka and Hirotton...
Puma has opened a new fulfillment center in Whitestown, IN. With an area of 640,000 square feet, the new center will complement the company’s long-standing California campus. “We are thrilled to make Whitestown our anchor distribution center in the Midwest region, and are very thankful for...
Outdoor Retailer has launched a new Outdoor Retailer Online platform in the wake of the cancellation of Outdoor Retailer Summer Market due to COVID-19. An online, three-day outdoor business, networking, and educational event will run from July 21-23, 2020. Outdoor Retailer Online tools will be available...
Adidas, facing calls for greater diversity within its ranks, announced plans to invest $20 million in black communities, support university scholarships for black employees and increase the number of black and Latino hires at its North American headquarters. The program came after a group of black...
On Friday, Nike committed $40 million over the next four years to support the black community in the U.S. In a separate statement, basketball legend Michael Jordan and Nike-owned Jordan Brand announced they’ll be giving $100 million over the next ten years to “organizations dedicated...
Crocs announced that construction has begun on its largest distribution center in Europe to be located in Dordrecht, the Netherlands. The warehouse, which will span across 376,735 square feet, is expected to open in April 2021 and create between 200 to 350 jobs. Crocs will partly...