“Nike’s employees and athletes believe that sport has the unique power to unite people and inspire change – and they believe Nike’s role is to be in the game, to never sit on the sideline,” the company wrote in its statement....
Sales of Ivanka Trump’s merchandise at Nordstrom plummeted by nearly a third in the last fiscal year, including sliding more than 70 percent in the last three weeks of October 2016 just before the election....
Powered by the brand’s training shoe, the Nano 7, Reebok gathered special guests and athletes around the world to break 44 of the top fitness-based Guinness World Record titles in 24 hours. The Nano 7 has now helped break more world records than any other...
Asics Corp. reported operating earnings in the year were down modestly primarily due to foreign exchange losses. A double-digit drop in the U.S. and the strong yen led to a decline in revenues....
“This is very much in line with what we are forecasting for retail sales and consumer spending this year,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers try to balance inventories very carefully with demand. So, when retailers import more...
“The economy is on firm ground as we head into 2017 and is expected to build on the momentum we saw late last year,” NRF President and CEO Matthew Shay said. "With jobs and income growing and debt relatively low, the fundamentals are in place...
Payless Inc. is discussing a restructuring of its $600 million debt load with lenders while seeking to close about 1,000 stores, according to a report from Bloomberg. If unable to reach a deal, the shoe chain may pursue a bankruptcy reorganization....
An update on where BAT is politically for footwear companies....
NikeLab will open in Bergdorf Goodman on Fifth Ave. in New York tomorrow as part of the footwear giant’s New York Fashion Week festivities. This follows the swoosh brining its seventh NikeLab store to Tokyo on December 1, 2016 after launching the unique destination category...
Puma reported healthy gains in operating earnings and sales in the fourth quarter that topped Wall Street estimates while predicting a significant hike in earnings in 2017....