NRF: Consumers Embrace Thanksgiving Day Store Openings

Retail traffic surged 27 percent on Thanksgiving Day as consumers responded to earlier promotions, store hours and promotions to make up for the shorter shopping period this year, according to an annual survey conducted over the weekend on behalf of the N

Mobile Shopping Poised to Continue Gains on Cyber Monday

Nearly 25 million, or 18.9 percent, of Americans surveyed said they would use their mobile device to shop over the Thanksgiving Holiday weekend, up 22 percent from last year and eightfold since 2009, according to the National Retail Federation. The survey

NSGA Juggles Marketing Staff After Hammond Departure

Bruce Hammond, who served as Director of Marketing & Communications at the National Sporting Goods Association for nearly three years, left the Association, effective Nov. 1. As a result, Marty Maciaszek was named Director of Communications, in addition t

Nike Shareholder Meeting Sparks Succession Talk…

At Nike’s 33rd annual meeting last week held at Tiger Woods Center on the Nike World Headquarters campus, new Nike Brand president Trevor Edwards addressed the World Cup, the opportunity around expanded sizes, and Nike’s future in digital tech

Adidas Group Again Trims Fiscal Year Outlook…

For the second time in two months, Adidas Group lowered its top-line guidance for the year. The revised outlook was blamed on a further weakening of several currencies, a distribution problem in Russia and ongoing softness in golf. The earnings update ca

Sport Footwear Posts Tepid Sales Growth in Fiscal July

Based on retail point-of-sale data compiled by SportScanInfo, sales of Sport Footwear for fiscal July 2013 increased in the low-single-digits in dollars as a mid-single-digit increase in average selling prices more than offset a low-single-digit decline i

Activist Investor Ackman Quits J.C. Penney Board

J. C. Penney announced late Monday that William A. Ackman of Pershing Square Capital Management, JCP's largest investor, has resigned from the Board effective Aug. 12, 2013. Ackman is best known for his actions to bring in former Apple retail chief R

Li and Fung Sees H1 Profits Plunge on Flat Revenue Growth

Li & Fung Limited posted revenues of $9.13 billion in the six-month period ending 30, essentially flat to the the first half of 2012. The company said the results show how the Group’s businesses are incresaingly skewed towards the second half of th