Retail spending rose 7 percent for the week ending April 25 compared to the prior week, according to The NPD Group. Sales were flat year-over-year during the same period — the first time sales didn’t decline since early March. Segments across home, toys, technology, and softlines...
Dick’s Sporting Goods has re-opened locations in 23 states with new social distancing guidelines and the retention of curbside pickup. Dick’s said in a statement on its website,” As we reopen our doors in some areas of the country where local guidelines and public health considerations...
Iconix Brand Group Inc. reported in a regulatory filing that it entered an agreement to sell Umbro China Ltd to HK Qiaodan Investment Ltd for $62.5 million. The Umbro China sale includes the sale of the Umbro sports brand in China, Hong Kong, Taiwan, and Macau....
President Donald Trump threatened to impose further tariffs to punish China for its handling of the coronavirus pandemic. “We signed a trade deal where they’re supposed to buy, and they’ve been buying a lot, actually. But that now becomes secondary to what took place with the...
Shoe Carnival Inc. announced plans to re-open the majority of its stores across the U.S. On Friday, May 1, 2020, the company re-opened 122 stores in states where state and local officials have relaxed or canceled their orders. Additionally, on May 4, 2020, Shoe Carnival will...
L.L. Bean said it is introducing curbside pickup although it’s currently only available at its flagship location in Freeport, ME. “We’ll bring the outdoors out to you! Just swing by the store, pop your trunk, and we’ll drop your order off in your car,“ wrote L.L....
In recognition of frontline healthcare workers combating COVID-19 around the world, Nike will partner with nonprofit Good360 in the U.S. and local organizations across Europe to donate more than 140,000 pieces of footwear, apparel and equipment globally. Nike brought out a number of its sponsored athletes,...
VF Corp. announced that some of its brands, including The North Face, Timberland, Icebreaker, Smartwool, Eagle Creek and Altra, will donate 15 percent of their Outdoor Retailer Summer Market refund to Outdoor Industry Association (OIA). The funds will directly support OIA’s small business members by providing the necessary tools, resources,...
The NCAA’s Board of Governors announced that it had approved recommendations under which student-athletes could receive income for third-party endorsements, as well as social media opportunities, other business ventures, and personal appearances that fall within certain guidelines. In a statement, the NCAA said that while student-athletes...
Macy’s Inc plans to reopen 68 stores on Monday in states that reduced coronavirus lockdown restrictions, according to the Wall Street Journal. The newspaper reported Macy’s Chief Executive, Jeff Gennette, as saying in an interview that he expected to have all of the company’s roughly 775...