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...
Adidas has appointed Amanda Rajkumar, an executive from French bank BNP Paribas, as its new head of human resources. Rajkumar, a 48-year-old British national, joins Adidas from BNP Paribas, where over 11 years, she held a number of executive HR leadership positions for different business divisions...
Neiman Marcus Holding Company, Inc. announced it has emerged from voluntary Chapter 11 protection, successfully completing its restructuring process and implementing the Plan of Reorganization that was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division on September 4, 2020. The...
Walmart and Target announced plans to offer their own deals on the same days as 2020’s Amazon Prime Day. On Monday, Amazon revealed its Prime Day would happen on October 13 and 14. Amazon’s shopping event had been delayed from its traditional July time frame due...