The U.S. and China On Friday agreed on the outlines of a partial trade accord. In exchange, the U.S. agreed to suspend a tariff increase on at least $250 billion in Chinese goods to 30 percent from 25 percent set for Tuesday.
Author: SGB Media
Trade Groups Welcome Tariff Delay
Retail and industry trade groups – including OIA, SFIA, SIA, AAFA, NRF, RILA and CTA – all welcomed the tariff delay on $250 billion worth of Chinese goods while urging for a longer-term solution. The delay came as the U.S. and China agreed on the outlines of a partial trade accord.
Stryking And FC Bayern Munich Sign Licensing Partnership For Digital Collectibles
Stryking Entertainment, a subsidiary of Animoca Brands, and leading German football club FC Bayern Munich have signed a licensing partnership to produce and distribute digital collectibles based on FC Bayern players.
Vans Opens New Boutique Concept In London
Vans opened a new boutique in Covent Garden, London. Comprising two floors and spanning 4,359 square feet, the concept store stocks a premium selection of footwear, apparel and accessories, including Vault by Vans and their latest collaboration with designer Vivienne Westwood.
REI Looks To Open Second Store In Upstate New York
REI is planning its second store in upstate New York at a former Sears location near Albany.
Goat Group Rolls Out AR Try-On Experience
Goat, the sneaker reseller marketplace, announced its launch of Try-On for rare and exclusive sneakers, an industry-first. This follows the company’s previous launch of an augmented reality first-look at rare sneakers that allowed users to get to know the textures and materials of sneakers in detail.
Adidas Becomes First Company To Sell Sneakers Through Snapchat Video Game
Adidas has created the first-ever launch of a baseball cleat within a video game, and partnered with Snapchat to create a game for baseball and video game fans.
Kohl’s CFO To Retire
Kohl’s announced that Bruce Besank, its CFO, o has decided to retire at the end of the fiscal year and will step down from his position as chief financial officer, effective November 1. At that time, Jill Timm, Kohl’s executive vice president of finance, will be promoted to chief financial officer (CFO).
Dick’s Hosts First Fashion Show
Dick’s Sporting Goods hosted its first-ever fashion show on October 12 in the Chelsea district of New York City. Baseball legend Alex Rodriguez and women’s soccer star Carli Lloyd joined TV’s Javon Walton and Demi Burnett on the runway.
OBIT: Pete Gerber
Pete Gerber, the founder of Gerber Legendary Blades, died peacefully in his home on Sept. 29. Gerber was 90 years old.
Esprit Signs Up To Become UEFA Women’s Football Partner
Esprit, the global fashion brand, has become the official branded apparel partner of UEFA (Union of European Football Association) Women’s Football.
Aisle Talk Week Of October 7
Top headlines from across the active lifestyle industry featured in SGB during the week of October 7, 2019.
Nike Oregon Project To Shut Down
The Nike Oregon Project, Nike’s elite track and field training program, is being shut down. The news came 10 days after Oregon Project head coach Alberto Salazar was given a four-year ban by the U.S. Anti-Doping Agency (USADA) for doping conduct.
Five Below Leads Nerd Street Gamers Funding Round
Nerd Street Gamers, the esports infrastructure company dedicated to building the facilities (Localhost) that house leagues, training camps, tournaments, and showcases on professional-grade equipment, has completed a $12 million Series A financing round. Philadelphia-based retailer Five Below led the round.
Walmart Promotes Sam’s Club CEO To Lead Walmart U.S.
Walmart announced that John Furner, Sam’s Club CEO, will become the president and chief executive officer of Walmart U.S., following a successful five years for the business segment under Greg Foran. Foran is leaving Walmart for an opportunity to lead Air New Zealand Limited.
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