Genesco Inc. has authorized it to repurchase up to $100 million of the company's common stock. The authorization replaces the remaining balance of a previous $100 million repurchase program authorized in Sept. 2015, pursuant to which the company has repurchased 1.3 million shares at a...
PLUSfoam Compound Technologies LLC, which has helped Patagonia, Vans, New Balance and Manduka launch recyclable sandals and other footwear, has raised capital from two strategic partners to expand its manufacturing both abroad and in the United States....
Target Corporation hired Michelle Wlazlo as senior vice president of apparel and accessories. She was most recently she served as senior vice president of global merchandising, Gap. In this role, Wlazlo will be responsible for the retailer’s merchandising programs for women’s, men’s and kids’ apparel...
Kasper Rorsted, CEO of multinational consumer brand Henkel, will replace Herbert Hainer as Adidas AG CEO, effective Aug. 1. Hainer, 61, has agreed to relinquish his executive board mandate effective Sept. 30, 2016, prior to the expiry of his executive board service contract at the...
J. C. Penney Company, Inc. appointed Joe McFarland as executive vice president of stores, effective immediately. McFarland brings over 20 years of retail operations experience to JCPenney, and succeeds Tony Bartlett....
Nike Inc extended its sponsorship deal with Ohio State University by 15 years. The deal is valued at $252 million, according to the Wall Street Journal. That reportedly includes $112 million in apparel and $103 million in cash, not to mention royalty income. It also...
Holiday sales in 2015 increased 3 percent to $626.1 billion. The outcome fell short of NRF's forecasted total growth, including online sales, of 3.7 percent. The NRF described the results as "solid growth considering the unforeseen weather events across the country and an extreme deflationary...
The Finish Line Youth Foundation raised more than $877,000 during its annual Holiday Drive for Special Olympics in Finish Line stores across the U.S. and online at finishline.com. This year’s Holiday Drive theme, “Play Unified,” supported Special Olympics’ global movement that unites people with and...
Kamik, the Canadian footwear brand, takes its first steps into the UK and Ireland in 2016 following the appointment of Hej International as its distributor. The hiring will make Kamik’s extensive range of adult and children’s outdoor footwear available to U.K. and Irish consumers for...
Elsey Enterprises and its independent brand, Funds2Orgs, acquired Shoes With Heart located in San Diego, CA as it continues to expand and gain market share in the shoe drive fundraising industry for an undisclosed sum. Shoes With Heart has been Southern California's leading shoe drive...