Total Apparel Group to Issue Financial Update

Total Apparel Group, Inc., the FIFA licensor as well as holder of the the master licensee for the Kappa and Robe Di Kappa brands in the U.S. and Canada, expects to have the audit of its financial statements completed and filed with the SEC by July 31, 20

Wal-Mart to Open Stores in Chicago

Wal-Mart Stores Inc. plans to build several dozen stores that would employ about 10,000 people in Chicago during the next five years. The world's largest retailer said it would open stores of various sizes at locations within Chicago's three “fo

Li and Fung: Low-Cost Era in China is Over

Speaking at the Reuters Consumer and Retail Summit, Li & Fung Ltd said the low-cost era in China was likely over but it anticipated no radical change in sourcing in the country. The Hong Kong apparel manufacturing giant added that it aimed to switch its s

Reebok Signs NBA Draft Pick John Wall

Reebok has officially signed John Wall, the 19-year-old projected # 1 pick in the NBA draft, to a multi-year global endorsement deal. The University of Kentucky superstar point guard will support Reebok's ZigTech performance collection and will be th

Nike’s Q4 Earnings Soar 53% on 8% Revenue Gain

Nike Inc. reported sales grew 8% in the fourth quarter ended May 31, to $5.1 billion from $4.7 billion for the same period last year. Excluding changes in currency exchange rates, net revenues were up 4% compared to the same period last year. Fourth quar

Retailers Win Debit-Card Swipe Fee Battle

Members of the House and Senate announced an agreement to include debit-card fee cuts in the final version of the financial-overhaul bill. Retailers have long sought to reduce the “swipe fees” that credit-card companies charge merchants for every debit-ca

Retailers Win Debit-Card Swipe Fee Battle

Members of the House and Senate announced an agreement to include debit-card fee cuts in the final version of the financial-overhaul bill. Retailers have long sought to reduce the “swipe fees” that credit-card companies charge merchants for every debit-ca

Adidas Names Creative Director for Adidas Sport Style

Adidas said it hired Dirk Schonberger as creative director of the Adidas Sport Style Division. He will lead the creative direction for Adidas' various divisions that target the lifestyle and fashion consumer, namely Y-3, Originals, Adidas SLVR, Porsc

PEP Grant Applications Now Being Accepted

The U.S. Department of Education is now accepting Carol M. White Physical Education Program (PEP) grant applications for the upcoming school year, according to the Sporting Goods Manufacturer's Association. It is estimated that nearly $40 million wil

Labor Unrest Shuts 700 Apparel Factories in Bangladesh

About 700 garment factories in Bangladesh were shut Tuesday after days of violent protests by tens of thousands of workers demanding better wages. The news is likely to undermine confidence in the country's ability to replace China as a low-cost sour