Yue Yuen’s consolidated operating revenue in September fell 23.7 percent to $541.6 million from $710.2 million in the same month a year ago. The decline reflects the pandemic-related factory shutdowns in Vietnam. Yue Yuen had fallen 23.1 percent in August and 6.6 percent in July. For the...
Americans are looking forward to the holiday season this year, with many planning to spend the same or more compared with last year and support charitable organizations and their local communities, according to the 15th Annual Holiday Shopping Survey from Accenture. Holiday spending is likely to...
“As the last year and a half has continued to challenge us all, #OptOutside is a reminder of the importance of community and time outside,” said REI CEO Eric Artz. “What started as a special moment for employees has become a movement for the co-op...
Macy’s Inc. announced the appointment of Ashley Buchanan, chief executive officer of The Michaels Companies, and Tracey Zhen, president of Zipcar, to its board of directors, effective October 5, 2021....
“With digital sales doubling since last year, we understand the continued importance of creating an exceptional online shopping experience for our customers,” said Brie Olson, president, Pacsun....
Suzy Cirulis has joined Caleres as senior vice president, customer marketing. In this role, she will lead the company’s customer marketing efforts across the company’s portfolio including customer relationship marketing (CRM), customer insights and customer analytics....
In an interview with the German-language Handelsblatt newspaper, Bjorn Gulden, Puma’s chief executive, said the sports brand has the potential to double its sales to more than €10 billion $11.5 billion in the long term. According to a Reuters report, he also said Puma is performing well in...
Authentic Brands Group (ABG) announced the transition of its footwear license for Frye to Footwear Unlimited. Through the long-term partnership, Footwear Unlimited will be Frye’s design, manufacturing and distribution partner in the U.S. The agreement covers casual, dress boots and shoes, winter boots and shoes,...
Foot Locker Inc. announced that it has completed its acquisition of Eurostar, Inc., the parent of the WSS chain, for $750 million in cash. Richard A. Johnson, Chairman and CEO, Foot Locker, said: “WSS is a highly complementary addition to our portfolio, and we are excited...
Nike again earned the top spot in SportsPro’s second annual list of the World’s 50 Most Marketable (50MM) Brands powered by Hookit. Adidas came second in the standings. Emirates, Santander and Red Bull rounded out the top five. Puma, State Farm, Monster Energy, Dream11, and Heineken...