Consumer confidence waned in October, reflecting somewhat less optimism about the jobs market and the U.S. economy in the next six months amid another outbreak of coronavirus cases. The Conference Board Consumer Confidence Index declined slightly in October, after increasing sharply in September. The Index now...
Adidas reported sales and profitability recovered in the third quarter as stores reopened, alongside booming e-commerce sales, with a modest profit expected in the final quarter. Major Developments Third-quarter top- and bottom-line results close to the prior-year level; Currency-neutral revenues down 3 percent, reflecting a focus...
Caleres named Michael Edwards president of Famous Footwear, effective November 20. Edwards joined Caleres in 2008, most recently serving as senior vice president of digital commerce, planning, allocation and stores. Prior to that, he held roles of increasing responsibility in Famous Footwear including chief customer...
Columbia Sportswear Company announced a series of senior leadership changes executing on transition plans, supporting the company’s omnichannel plans for growth and digital opportunities. Thomas B. Cusick has announced his intention to retire from the company. In February 2021 Cusick will step down from his role...
Under Armour Inc. announced that it has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners. “As part of our ongoing transformation, we are committed to actively managing our business to ensure that our strategies and assets are prioritized to connect even...
Deckers Brands published its Creating Change FY20 Corporate Responsibility and Sustainability Report, including its progress made toward its sustainable development goals. Deckers Brands said it has been reporting its environmental and social impacts since 2014 and its Creating Change Report details the company’s environmental and social improvements...
VF Corp. announced the appointment of Lauren Guthrie to the position of vice president, global inclusion & diversity (I&D). Guthrie will be responsible for directing, developing and operationalizing the company’s strategy with a focus on transformational change. “VF has accelerated our focus on inclusion and diversity...
Lifestyle changes and consumer behavior shifts in 2020 due to COVID-19 drove year-over-year sales declines for the U.S footwear industry, but trends are expected to stabilize and recover through 2021, according to NPD’s Future of Footwear Report. Improved fashion footwear and performance sales are forecasted to...
Wolverine Worldwide reported earnings fell in the third quarter ended September 26 on a 14 percent revenue decline, but both exceeded internal expectations. Saucony and Chaco delivered double-digit revenue growth, while Merrell and its work brands drove sequential revenue improvement versus Q2. “The company’s third-quarter results...
Kohl’s shared the company’s new strategic framework with the investment community, including new initiatives to position the company for long-term success. As part of its strategy, Kohl’s has set a new vision: to be the most trusted retailer of choice for the active and casual...