Nike is expanding its tech-driven Rise concept to Seoul, Korea. The opening follows the launch of its first Rise retail concept store in Guangzhou, China last summer. Adding to the in-store features from Guangzhou, Nike Seoul introduces Sport Pulse, a digital platform across all levels of...
Retail sales slowed during July as retailers continued to face supply chain disruptions and increased COVID-19 vaccinations allowed consumers to shift some spending from goods to activities outside the home despite the Delta Variant, the National Retail Federation said. “July retail sales showed a slight deceleration...
Gentry Humphrey has announced his retirement from Nike Inc., according to a Complex report. He most recently served as the VP of Footwear for the Jordan Brand and has been with Nike since 1994. Kris Wright, currently VP of global mens’ footwear, sports lifestyle product, succeeds Humphrey....
Amer Sports Corp. announced the planned appointment of Franco Fogliato as president and CEO of Salomon. The appointment will be effective no later than March 15, 2022. Fogliato will be charged with leading its international business. “As we enter this next phase of growth for Salomon,...
Imports at the nation’s largest retail container ports should hit another record in August as consumer demand continues to stretch supply chains and retailers shift from the back-to-school season to the peak shipping season for winter holiday merchandise, according to the monthly Global Port Tracker*...
Foot Locker Inc. announced it has entered into a definitive agreement to acquire Text Trading company, K.K., which owns and licenses the Atmos brand, a digitally-led retailer headquartered in Japan, for $360 million. The transaction will be funded with the company’s available cash. Foot Locker said...
DSW Designer Shoe Warehouse reached an agreement with Wolverine Worldwide to become the exclusive in-store distributor of Hush Puppies beginning in 2022. “Hush Puppies is a wonderful brand for Millennials who desire both style and comfort in their busy, on-the-go lifestyles,” said DSW’s Chief Merchandising Officer...
The United States Trade Representative (USTR) announced Friday that the U.S. would not initiate Section 301 Tariffs of up to 25 percent on Vietnamese imports in response to currency manipulation. A USTR investigation, launched in October 2020, found Vietnam intervened in foreign exchange markets using excessive and...
Asics has taken an unspecified stake in healthcare startup, Japan HealthCare Co., Ltd., which makes custom insoles working from photos of feet taken by smartphone. The acquisition was made through Asics Ventures, the brand’s investment subsidiary. Japan HealthCare was founded in June 2017 by Daichi Okabe who...
Wolverine Worldwide raised its full-year guidance after second-quarter results easily topped Wall Street targets. All-time record quarterly revenue for Merrell and Saucony drove consolidated revenue growth of 81 percent compared to 2020 and 11 percent versus 2019. “With record revenue in the second quarter and demand...