Empower’s Back-To-School Study Finds High Inflation Concerns
A survey conducted by Empower.com found that 85 percent of the parents they interviewed were impacted by inflation, affecting their ability to spend money this year for their kid’s back-to-school items.
361 Degrees Sees Profit Growth of 25 Percent or More in First Half
The company outlined four reasons for the strong double-digit profit growth for the six-month period ended June 30, 2023.
Under Armour Launches Rewards Program
Under Armour, Inc. launched its “UA Rewards” loyalty program that gives points to customers based on purchases, posting reviews and achieving fitness challenges.
Patagonia to Open Store In Charlotte
Patagonia will open a store in Charlotte, NC at the Design Center in the South End section of the city.
Reebok Secures Licensing Partner for Central and Eastern Europe
Authentic Brands Group reported it signed a ten-year licensing contract with The CCC Group (CCC), a footwear company, for Reebok in Central and Eastern Europe.
Columbia Names New Prana Brand President
Columbia Sportswear Company hired Tricia Shumavon, president of the Prana brand, effective September 2023.
Ebay Investing in Re-Commerce and Authenticity Focus of Younger Consumers
Ebay said revenue was $2.54 billion for the second quarter, up 5 percent on an as-reported basis and up 6 percent on a currency-neutral basis.
Sports Direct Parent Gets Fiscal Year Lift From Acquisitions and Extra Week
The owner of the Sports Direct business in the U.K., and former owner of Bob’s and EMS in the U.S., got a lift from acquisitions and the 53rd week in the fiscal year ended April 30 to post mid-teens revenue growth while nearly doubling profit for the year.
Update: Adidas Renews Manchester United Kit Deal Through 2035
The renewed agreement continues the partnership for an additional ten years, or until June 2035, and has a minimum cash guarantee of £900 million, or north of $1.1 billion, subject to certain adjustments.
Rally House to Open Two Stores in Ohio
Rally House opened two stores in Ohio in Columbus and Akron.
REI to Open Store in Albany
REI signed a ten-year lease at Crossgates Mall in Albany, its first store in New York’s capital region.
Paris Saint-Germain Partners with Lids in Las Vegas
French league football club Paris Saint-Germain (PSG) unveiled a new store in Las Vegas, which Lids will manage. As part of PSG’s long-term partnership with Lids and Fanatics, Lids will oversee operations for the organization’s storefronts.
Canada Goose Expands Generations Resale Program to Canada
The company’s expansion of its resale company comes as the company reported in its ESG Report that it saw a nearly 45 percent year-over-year reduction in carbon footprint by investing in global renewable energy credits.
BRC: Britain Loses 6,000 Storefronts Over Last Five Years
Crippling business rates and the impact of the COVID lockdowns were said to be a key part of decisions for retailers to close stores and think twice about new openings, according to recent analysis by the British Retail Consortium.
Safilo and Fossil Renew Eyewear License Through 2028
Initially offered as a North American ophthalmic exclusive, the Fossil eyewear collection has evolved over time to include sunglasses and expansion outside the U.S.
