05 Apr JCPenney To Close 27 Stores In 2019
JCPenney announced plans to close 27 stores this year. The closures include 18 full-time department stores and nine home and furniture shops....
Latest News
05 Apr Reebok Launches First Loyalty Program
Reebok launched its first loyalty program, Unlocked, featuring both experiential and product-based benefits. The tiered loyalty program offers free shipping and returns, early access to product, private events...
29 Mar Under Armour To Open Regional Headquarters In Hong Kong
Under Armour will open a regional headquarters in Hong Kong this year to jumpstart growth in Asia, according to a report in the South China Morning Post....
29 Mar Talkoot Secures $1.65 Million In Seed Funding
Talkoot, a cloud-based content production platform that works with Adidas, Mountain Hardwear, Dr. Martens and other active lifestyle brands, announced that it has closed a $1.65 million seed round of finance to accelerate sales and marketing and drive product development....
22 Mar L.L. Bean Resumes Growth In 2018, Bonuses Return
L.L. Bean reported sales reached $1.6 billion in 2018, a 1 percent gain over 2017. Based on those results, the company’s directors approved a 5 percent annual pay bonus to about 5,400 year-round employees and an additional 2 percent enhancement to their 401(k) contributions....
22 Mar DSW Changes Name To Designer Brands, Sets 3-Year Growth Plan
DSW Inc. presented the company’s three-year strategic priorities designed to leverage its business model to unlock value and deliver 2021 adjusted earnings per share in the range of $2.65 to $2.75. The company also unveiled its new corporate name – Designer Brands Inc. – which...
21 Mar Famous Footwear Launches New Loyalty Program
Famous Footwear launched Famously YOU Rewards, a new loyalty program that promises to increase engagement and deliver a higher level of personalization....
14 Mar Report: Modell’s Hires Restructuring Adviser
Modell’s Sporting Goods has retained Berkeley Research Group as its financial adviser to explore restructuring options, including a possible bankruptcy, according to a report from the Wall Street Journal....
14 Mar Adidas Sees Supply Chain Constraints Slowing Growth In First Half
The company still expects growth between 5 percent and 8 percent on a currency-neutral basis overall in 2019, including high-single-digit growth in North America....
14 Mar Genesco Q4 Exceeds Guidance On Journeys Momentum
Genesco Inc. reported earnings excluding non-recurring items rose 18.8 percent in the fourth quarter. Comps grew 4 percent, led by a 7 percent climb at the Journeys chain....
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