Adidas is exploring a sale of its Reebok division, according to reports in Germany’s Manager Magazin and Bloomberg. A source familiar with the matter told Bloomberg the internal review is in the early stages with a decision to proceed with the sale to be decided in...
Imports reached an all-time high this summer as retail sales bounced back from the pandemic and merchants replenished inventories and stocked up early for the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. “After staying...
eBay announced the expansion of its Authenticity Guarantee service for sneaker sales on its platform. Through this program, all new and pre-owned collectible sneakers sold on eBay for over $100 in the U.S. will be fully vetted and verified by an independent team of industry...
CriticalPoint Capital, (CPC) the Los Angeles-based private investment firm and owner of JackRabbit and Olympia Sports, has completed the acquisition of Shoes.com from Walmart, Inc. Shoes.com is an online retailer of footwear, apparel and accessories in the U.S. and internationally offering shoe brands spanning athletic to...
VF Corp. appointed Steve Murray global brand president, The North Face. Previously VF’s president of the Americas Region, Murray replaces Arne Arens who has stepped down to pursue other opportunities outside of VF. In line with the company’s ongoing transformation initiative, VF has eliminated the role...
Three-quarters (76 percent) of the more than 1,500 U.S. consumers surveyed said they want retailers to close on Thanksgiving Day, according to findings of the 14th Annual Accenture Holiday Shopping Survey. Slightly more than half of the respondents cited the desire to give employees a day...
Nike derived $461.9 million in total sponsorship value from nearly 12,000 promoters and 5.56 billion social media engagements in the 12 months through August. 1 2020, topping SportsPro’s inaugural list of World’s 50 Most Marketed Brands powered by Hookit*. The rest of the Top 10 were...
Puma has appointed June Ambrose, Jay-Z and Missy Elliott’s longtime stylist, as the brand’s new creative director. Ambrose will be designing for Puma’s women’s and girl’s lines. The partnership came through Puma’s connects with Jay-Z, who serves as the creative director for Puma Hoops. “The connection between...
Piper Sandler’s 40th Biannual “Taking Stock With Teens” Fall 2020 Report found teen “self-reported” spending at an all-time survey low of $2,150, down 9 percent year-over-year as a result of COVID-19. However, athletic apparel and athletic footwear were found to be continuing to gain mindshare...
With 105,000 pairs of BOBS from Skechers donation clogs en route to Lebanon, Romania and Nicaragua, Skechers has now given more than 16 million new pairs of shoes to kids around the world. Recent donations include footwear and other items to victims of the wildfires in...