Piper Sandler’s 40th Biannual “Taking Stock With Teens” Fall 2020 Report found teen “self-reported” spending at an all-time survey low of $2,150, down 9 percent year-over-year as a result of COVID-19. However, athletic apparel and athletic footwear were found to be continuing to gain mindshare...
With 105,000 pairs of BOBS from Skechers donation clogs en route to Lebanon, Romania and Nicaragua, Skechers has now given more than 16 million new pairs of shoes to kids around the world. Recent donations include footwear and other items to victims of the wildfires in...
Adidas has appointed Amanda Rajkumar, an executive from French bank BNP Paribas, as its new head of human resources. Rajkumar, a 48-year-old British national, joins Adidas from BNP Paribas, where over 11 years, she held a number of executive HR leadership positions for different business divisions...
Neiman Marcus Holding Company, Inc. announced it has emerged from voluntary Chapter 11 protection, successfully completing its restructuring process and implementing the Plan of Reorganization that was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division on September 4, 2020. The...
Walmart and Target announced plans to offer their own deals on the same days as 2020’s Amazon Prime Day. On Monday, Amazon revealed its Prime Day would happen on October 13 and 14. Amazon’s shopping event had been delayed from its traditional July time frame due...
Reebok today announced the appointment of Kerby Jean-Raymond to Vice President, Creative Direction across all design disciplines for Reebok working closely with Reebok’s Product, Global Marketing and Development team. Jean-Raymond will serve on the Reebok senior leadership team reporting to President Matt O’Toole. Jean-Raymond has received numerous...
REI Co-op announced it will complete a 14-year commitment to be carbon neutral in its operations in 2020 and launched an ambitious new climate platform that will see the co-op more than halve its carbon footprint over the next decade – even as the company...
Allbirds, the San Francisco-based casual footwear and sneaker maker, raised $100 million in financing in a funding round that valued the company at $1.7 billion, according to a report in the Wall Street Journal. The Series E funding was led by Franklin Templeton and will be...
Nordstrom, Inc. announced the company will stop selling products made using animal fur or exotic animal skin by the end of 2021, becoming the first major U.S. retailer to make the commitment. The new companywide policy includes Nordstrom, Nordstrom Rack and Last Chance stores, as well as Nordstrom’s e-commerce sites. The commitment...
Adidas successfully placed its first sustainability bond as the company continues to execute on its long-term sustainability plan while optimizing its capital structure and financing costs. The €500 million bond has a term of 8 years and a coupon of 0.00 percent. It will be listed...