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21 Jan Moody’s Sees Continuing Challenges For Department Stores In 2020

Posted at 10:58h in FDRA, Home, Latest News

Moody’s, in a new report, predicted that “another dismal year” for U.S. department stores will accelerate change in 2020. The sector heavily underperformed the broader...

21 Jan StockX’s Resale Market Surpasses $1 Billion In GMV In 2019

Posted at 10:57h in FDRA, Home, Latest News

StockX, the sneaker resale marketplace, announced it surpassed $1 billion in gross merchandise value (GMV) in 2019 and grew global buyer and seller registrations by...

16 Jan Payless ShoeSource’s New Team Looks To Return To U.S. Retailing

Posted at 14:03h in FDRA, Home, Latest News

Payless ShoeSource announced that it has emerged from bankruptcy proceedings, appointed a new executive management team, and plans to re-open stores in the U.S. The company...

15 Jan Zumiez’s Holiday Sales Jump

Posted at 09:35h in FDRA, Latest News

Zumiez Inc. announced that the company’s comparable sales increased 6.8 percent for the nine-week period ended January 4, 2020, compared to the nine-week period ended...

15 Jan Nike Donates $5 Million To Create Athletic Facility At Obama Presidential Center

Posted at 09:34h in FDRA, Home, Latest News

The Nike Foundation made a $5 million donation to help build an athletic facility at the planned Obama Presidential Center on the south side of...

15 Jan Jim Pisani Steps Down As Timberland’s President

Posted at 09:33h in Latest News

VF Corporation announced that Jim Pisani has decided to step down from his role as global brand resident, Timberland. He plans to move to the...

15 Jan Adidas Continues Share Buyback Program With Third Tranche

Posted at 09:32h in FDRA, Home, Latest News

Adidas announced the start of the third tranche of its current multi-year share buyback program initially announced in March 2018 and intends to repurchase own...

13 Jan PVH Corp. To Sell Speedo North America Business To Pentland Group

Posted at 09:43h in FDRA, Home, Latest News

PVH Corp. announced Thursday that it has entered into a definitive agreement to sell its Speedo North America business to Pentland Group, parent company of...

13 Jan JD Sports Sees “Positive” Holiday Sales

Posted at 09:35h in FDRA, Home, Latest News

JD Sports Fashion Plc announced an update on performance following the Christmas trading period. JD Sport said: “Against a backdrop of widely reported retail challenges in...

13 Jan Nike Extends Deal With Chinese Athletics Association

Posted at 09:33h in FDRA, Home, Latest News

Nike and the Chinese Athletics Association (CAA) signed a long-term partnership extension through to 2033. Nike first partnered with China’s athletics governing body in 2013 in...