23 Jun Target Bumps Starting Minimum Wage to $15/Hour, Adds Frontline Worker Bonus
Target will permanently raise its starting wage for U.S. employees to $15/hour effective July 5, 2020. The move was announced with a range of updates...
FDRA
23 Jun The North Face and REI Pull Ads From Facebook
The North Face and REI both said they would temporarily stop buying Facebook ads in solidarity with calls for a boycott from civil rights organizations....
23 Jun Rack Room Commits $1 Million To Black Scholarship, Internship, Mentoring Programs
Rack Room Shoes announced it committed to a $1 million donation, $200,000 per year for five years, to use towards a diversity plan that includes...
23 Jun Shoe Carnival Sees Strong Q2 Trend as Stores Re-Open and Online Surges
Shoe Carnival, Inc. has re-opened all but one of its 390 stores across the U.S. and Puerto Rico following closures prompted by the COVID-19 pandemic....
23 Jun Fleet Feet Finds E-Commerce Boost Amid Pandemic
Fleet Feet has reopened 170 of its 184 stores in some capacity to strong initial results for many franchisees, according to a profile in Forbes....
18 Jun VF Positioned Well To Manage Pandemic
Speaking at the 2020 Stifel Cross Sector Insights Conference, Steve Rendle, VF Corp.’s chairman, president and CEO, said moves beginning in 2017 to reposition the...
18 Jun Analyst Sees Nike Benefiting From Heightened Wellness Focus
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....
18 Jun Cat Footwear Appoints VP Of Marketing
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...
17 Jun Nike Makes Juneteenth An Annual Paid Holiday
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...
17 Jun Mall Landlords, Authentic Brands In Talks To Acquire J.C. Penney
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...
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