Report: Adidas Seeing Healthy Demand for Unsold Yeezy Product
Adidas has orders worth more than €508 million ($565 million) for 4 million pairs of unsold Yeezy shoes, exceeding the company’s “most optimistic forecast,” according to a new Financial Times report. Healthy demand for the first batch of online sales could help Adidas avoid a major write-down on its remaining stock.
Golf Rounds Played Climb in June
Rounds of golf played advanced 5.5 percent in June and are running up the same 5.5 percent for the first six months of 2023, according to Golf Datatech.
Duluth Holdings Adds Board Member
Duluth Holdings, Inc., doing business as Duluth Trading Company, announced the appointment of Janet H. Kennedy to its Board of Directors, effective August 23, 2023. Most recently, Kennedy served as VP, North America Regions of Google Cloud at Alphabet, Inc.
Report: Adidas Accuses Kanye West of Mishandling $75 Million of Marketing Funds
Adidas is seeking to recover $75 million from Ye, formerly Kanye West, related to his alleged mishandling of marketing funds worth $100 million annually, according to Bloomberg. The dispute is in arbitration.
Canada’s Port Workers Union Recommends Labor Agreement to Members
The International Longshore and Warehouse Union Canada (ILWU Canada) plans to recommend members accept a tentative agreement to end the weeks-long strike at British Columbia’s ports, likely ending a standoff that led to a 13-day strike.
RILA Calls Potential UPS Strike “Kryptonite” for Supply Chains
The Retail Industry Leaders Association (RILA) urged a quick resolution of the stalled contract negotiations between UPS and its 340,000 workers represented by the International Brotherhood of Teamsters, describing a potential UPS strike as “kryptonite for supply chains.”
Carhartt Rolls Out Resale Program in Physical Stores
Workwear brand Carhartt expanded its resale program to all 35 owned-retail stores following the success of its pilot project at six stores.
Under Armour Opens Fourth Brand House In London
Under Armour opened a Brand House store on Oxford Street, marking its fourth store in London. Zara, the multi-national retail clothing chain, once occupied the space.
Dick’s Sporting Goods Named U.S. Anchor Retail Partner for Lotto
WHP Global, owner of Italian soccer brand Lotto Sports, reported that Dick’s Sporting Goods would serve as the U.S. anchor retail partner for Lotto’s soccer and tennis products.
Kontoor Brands Appoints New EVP/Chief Human Resources Officer
Kontoor Brands, Inc., the lifestyle apparel company led by Wrangler and Lee, promoted Pete Kidd as EVP and chief human resources officer, effective immediately.
Polartec Hires New Sales Manager for Europe
Effective immediately, Polartec hired Sergi Pérez as its new sales manager for Europe.
JCPenney Reopens Corporate Headquarters in Plano
JCPenney announced on July 20 that it reopened its corporate offices at the Campus at Legacy West in Plano, TX, which supports 2,000 employees and features an open working environment.
The North Face Opens Location at Woodlands Mall
The North Face opened a new store at The Woodlands Mall, marking its eighth store in Texas.
Arc’Teryx to Open Store at Tysons Corner Center
Arc’teryx announced plans to open a store at Tysons Corner Center in Tysons, VA, its eighth store in the U.S.
Pacsun Opens First Store Dedicated to Activewear
Pacsun opened its first dedicated activewear store in the Mall of America. The company named the 1,500-square-foot space PAC1980 after its newest activewear collection and pays homage to the year the brand was founded.
