Target Corp. said quarter-to-date, total company comparable sales have grown more than 7 percent, but warned that a number of factors will reduce first-quarter profitability. These include investments in pay and benefits to support team members during the COVID-19 crisis and a shift in category...
Ecco reported a slight decline in earnings in 2019. Revenues rose from 3.8 percent to €1.36 billion from €1.31 billion. Net profits eased 0.8 percent to €147.6 million from €148.9 million. Profit before tax reached €195.8 million, down from €200.7 million. “Our global strategy with regional and...
A survey from The Federation of the European Sporting Goods Industry (FESI) of its members found 45 percent of the companies declaring a loss of turnover ranging between 50 percent and 90 percent since the beginning of the COVID-19 crisis. A new broader survey exercise examining...
Convoy of Hope, a not-for-profit supporting disaster relief, announced Bass Pro Shops Founder Johnny Morris is personally donating one million FDA-approved ASTM Level 1 Procedure Face Masks to healthcare workers and first responders working on the front lines of the COVID-19 crisis across the U.S. Due...
Adidas, Nike, VF Corp, Patagonia and Puma ranked among the world’s most transparent major fashion brands, according to the 2020 Fashion Transparency Index from the campaign group Fashion Revolution. Overall, the top ten were H&M, with a transparency rating of 73 percent; followed by C&A, 70...
The National Retail Federation today called on Congress to pass legislation establishing a federal program that would help businesses obtain insurance coverage for pandemics modeled on a program for terrorism insurance established following 9/11. “When businesses couldn’t obtain coverage for acts of terrorism after 9/11, Congress...
Under Armour Inc. announced the appointment of Lisa Collier as chief product officer. With more than 30 years across global brand leadership, product development, supply chain and merchandising, Collier will provide multi-disciplined specialty retail expertise to Under Armour’s leadership team. She will report directly to President...
Nike Inc. announced senior leadership changes to continue accelerating growth in its flagship market. Effective June 1, Nike veteran Ann Hebert, vice president of global sales, will become vice president, general manager of North America Geography, succeeding long-time executive Tom Peddie who is retiring from...
Designer Brands Inc. in a new partnership plans to roll out several DSW shop-in-shops in Hy-Vee stores over time. The partnership will launch initially with an online experience, offering customers DSW’s digital experience via Hy-Vee.com. DSW and Hy-Vee are developing buy-online and pick-up in-store capabilities. Prior to...
Nike retained its title as the world’s most valuable apparel brand, brand value up 7 percent, according to the Brand Finance Global 500 2020. However, the report found the apparel sector will be among the most affected by the COVID-19 pandemic. Overall, the Brand Finance Global...