Adidas AG said more than 60 percent of its products will be made with sustainable materials in 2021. From 2024 onward, Adidas is committed to using only recycled polyester. Adidas said the increased use of recycled polyester, or sustainable cotton, is part of an objective to...
Rack Room Shoes will bring the operating functions of its subsidiary, Off Broadway Shoe Warehouse, together with its own, beginning in the first quarter of 2021. When complete, customers will be able to earn loyalty points through one program, shop one e-commerce site and have...
Wolverine World Wide Inc. announced the appointment of Matt Blonder as its new president, global e-commerce. Most recently, he was global head of digital at Reebok, a division of Adidas. At Reebok, he transformed the brand’s digital strategy, led a complete refresh of Reebok.com, revamped the...
Spyder, which is is owned by Authentic Brands Group (ABG), has partnered with Footwear Unlimited, to support the brand’s launch into footwear. The new collection, to launch in fall 2021 at specialty retailers, department stores and on Spyder.com, includes outdoor, hike, trail, Après Ski, and lifestyle...
(Washington, DC — December 17, 2020) Today the Footwear Distributors & Retailers of America (FDRA) have elevated Thomas Crockett to Vice President, Government Affairs. Crockett has served the last six years as Director Government & Regulatory Affairs. He is currently responsible for managing FDRA’s advocacy...
StockX announced it has raised $275 million in a Series E funding round that values the live marketplace at $2.8 billion post-money. The investment will be used to accelerate global expansion, innovation and category diversification for the e-commerce marketplace. In the third quarter, StockX surpassed $3...
Adidas AG said it has begun a review of whether to sell its underperforming Reebok brand. Adidas said Monday it will announce a decision on March 10 when it presents its new five-year growth plan. Adidas’ brief statement read, “As part of the development of its...
Brooks Running and Vaude have each signed The Climate Pledge, a commitment to be net-zero carbon by 2040, a decade ahead of the Paris Agreement’s goal of 2050. Brooks and Vaude joined 11 other new signatories including Atos, Canary Wharf Group, Coca-Cola European Partners, ERM, Groupe...
JCPenney emerged from Chapter 11 bankruptcy on Monday in a deal that leaves Simon Property Group and Brookfield Asset Management Inc as the owners and operators of the department store chain. The sales agreement, supported by the Unsecured Creditors Committee, had previously been approved by the...
UPS has reportedly told drivers across the country to stop picking up packages from six retailers, including Nike, as the carrier attempts to keep up with a record-breaking online shopping season amid the pandemic, according to an internal message obtained by The Wall Street Journal...