On an SFIA Coronavirus Update Webinar, Matt Powell, VP and senior industry advisor, The NPD Group, explored whether the current strength in fitness and cycling is sustainable; the recent bounce back in golf, running footwear, other categories; and shifts the sports industry may face due...
Snipes has appointed Jim Bojko as president of Snipes USA. In this role, Bojko is responsible for leading the U.S. operations of the international sneaker and streetwear retailer as it continues to expand the brand across the United States. As president, Bojko will be responsible for...
Nike, the NFL’s official gameday uniform supplier, has taken down Washington Redskin’s apparel from its website amid renewed calls for the NFL team to change its name. The Nike.com NFL page has every team listed on the left sidebar except Washington. Shopping filters also omit Washington,...
JD Sports Fashion reported a rise in annual earnings and indicated Finish Line’s comps in the U.S. grew 9 percent; however, the UK’s largest sneaker chain cut its dividend and warned the coronavirus outbreak has constrained its short term progress. For the 52 weeks ended February...
Dick’s Sporting Goods announced a nearly $800,000 donation to the CDC Foundation in partnership with Callaway Golf. The two companies came together to pledge a percentage of the sales of Callaway MAVRIK Drivers, Fairways, Hybrids and Iron Sets through Dick’s and Golf Galaxy to the CDC...
Walmart plans to launch its own membership service, Walmart+, to rival Amazon Prime this July, according to Recode. The $98-per-year program will offer same-day delivery of groceries and general merchandise, along with other perks such as fuel discounts. Walmart+ is less expensive than Amazon’s $119/year Prime...
Foot Locker Inc. will invest $200 million over the next five years to support the black community through investments in black-owned businesses within youth culture, purchases from more products from black-owned brands and donations to organizations that create economic development and advancement opportunities for minorities. The...
Amazon announced it has established a new Counterfeit Crimes Unit, dedicated to bringing counterfeiters that violate the law and Amazon’s policies by listing counterfeit products in its store to justice. Amazon’s Counterfeit Crimes Unit is a global, multi-disciplinary team composed of former federal prosecutors, experienced...
Eddie Bauer will pull its advertisements from Facebook in support of the “#StopHateforProfit” campaign. #StopHateForProfit, a coalition of civil rights organizations led by the Anti-Defamation League and the NAACP, last Wednesday called on advertisers to suspend their marketing on Facebook in the month of July due...
Macy’s Inc. announced it will reduce corporate and management headcount by approximately 3,900 as part of a restructuring to align its cost base with anticipated near-term sales as the business recovers from the impact of the COVID-19 pandemic. Additionally, Macy’s, Inc. has reduced staffing across its...