Adidas Appoints New HR Chief
Adidas has appointed Amanda Rajkumar, an executive from French bank BNP Paribas, as its new head of human resources.
USTA, Genesis Health Clubs Partner To Grow Tennis Participation
The USTA and Genesis Health Clubs announced a strategic partnership that brings together the national governing body for tennis in the United States with one of the largest health and tennis club companies in the country.
Foot Locker’s Chief Information Officer To Exit
Foot Locker said in a regulatory filing that Pawan Verma, executive vice president and chief information and customer connectivity officer, announced his intention to resign from Foot Locker, Inc., effective October 31, 2020, in order to pursue another opportunity.
Piper Sandler: Athletic Still Trending Upward With Teens
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 among younger consumers.
Adidas Partners With Florida A&M University
Adidas has replaced Nike as the athletics sponsor of Florida A&M University.
Puma Appoints Creative Director
Puma has appointed June Ambrose, Jay-Z and Missy Elliott’s longtime stylist, as the brand’s new creative director.
Accenture Holiday Shopping Survey: Most U.S. Shoppers Want Retailers To Close On Thanksgiving Day
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.
In-Store Holiday Traffic To Drop By 25 Percent, According To Sensormatic Solutions
Sensormatic Solutions’ annual ShopperTrak list predicts in-store traffic for the six weeks of the holiday season to be down between -2 percent and 25 percent year-over-year. Sensormatic said the typical holiday traffic peaks will flatten, with more days sharing importance throughout the season.
Levi Strauss Introduces Denim Buy-Back, Resale Program
Levi Strauss has launched SecondHand.levi.com, an online store that features secondhand clothing that will be sourced, in large part, from its customers.
Adidas Launches Football Collective
Adidas launched the Adidas Football Collective, a program designed to provide more access to sport and positively impact communities.
USTR To Investigate Vietnam’s Trade Policies, Practices
At the direction of President Trump, the Office of the U.S. Trade Representative (USTR) initiated an investigation into Vietnam’s acts, policies and practices related to the import and use of timber that is illegally harvested or traded and those that may contribute to the undervaluation of its currency and the resulting harm caused to U.S. commerce.
Nike Leads List Of World’s Most Marketed Brands
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 the World’s 50 Most Marketed Brands powered by Hookit.
Kering Further Trims Stake In Puma
Kering is selling about 8.8 million shares that it owns in Puma, representing 5.9 percent of the share capital of Puma, through a placement to qualified investors.
NRF Chief Economist Sees Holiday Sales Depending On ‘Wildcard Puzzle Pieces’
Consumer spending has felt a recovery from the coronavirus pandemic more quickly than forecasted, but in looking ahead to 2020 holiday sales, the forecast resembles a jigsaw puzzle without all the pieces, National Retail Federation Chief Economist Jack Kleinhenz said in a statement.
OIA Praises Passage Of America’s Conservation Enhancement Act
The Executive Director of the Outdoor Industry Association (OIA), Lise Aangeenbrug, applauded the passage by the House of Representatives “America’s Conservation Enhancement Act” legislation reauthorizing wetlands conservation and officially establishing the National Fish Habitat program and that addresses threats from invasive species and chronic disease.
