Goldman Sachs boosted its rating on shares of Nike Inc. to “buy” because a “deep dive” analysis shows that the brand is poised for continued sizeable growth in China and should benefit from its resilient popularity among young consumers in North America....
Adidas has named Jon Wexler as the new general manager of Yeezy, Kanye West’s line, according to Sole Collector. According to his LinkedIn profile, Wexler has been VP – global entertainment and influencer marketing at Adidas for the last four years. He’s also global brand manager for...
ISlide, the developer of custom slide sandals, closed its most recent investment round by adding three new prominent major investors. The investors include Milwaukee Bucks president Peter Feigin, Memphis Grizzles forward Jae Crowder, and former president of Adidas Sports Licensed division and Lids David Baxter....
Genesco Inc. raised its outlook for the year after reporting third-quarter profit and same-store sales rose above expectations....
Today, the Footwear Distributors & Retailers of America (FDRA), America’s largest and most respected footwear trade association representing 90 percent of the entire industry, applauded the introduction of new legislation in Congress to give U.S. Customs and Border Protection (CBP) additional tools to prevent counterfeit...
Vans commemorated the inaugural #VansCheckerboardDay held on November 21 and its more than $1 million donation to Imagination.org and announced the creation of the Vans Checkerboard Fund, a global grant program that will provide monetary support to qualified charitable organizations across the globe that enable...
New Balance Athletics, Inc. announced it is adopting Gap Inc.’s P.A.C.E. (Personal Advancement & Career Enhancement) program, an innovative education and training initiative, to help improve the lives of women workers in its global supply chain....
In advance of a major relaunch for FiveFingers during Spring 2021, Vibram Corp. (USA) announced Monday it has decided to stop selling its FiveFingers products directly to Amazon USA, allowing the brand to fully support its retail partners. ...
Altra, which is owned by VF Corp., welcomed Chuck Ponthier as senior director of sales. Ponthier will lead all North American sales strategy from overseeing key accounts and P&L sheets to managing sales teams and business development. ...
Overall online sales on Black Friday jumped 19.4 percent to $7.4 billion, the second-largest Internet shopping day ever, according to data compiled by Adobe Analytics....