Consumers tentatively plan to spend a record amount to prepare students for school and college this year as they buy more laptops and computer accessories in anticipation that at least some classes will take place online because of the coronavirus pandemic, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.
Category: Apparel
Nike And Roma To End Sponsorship
Roma, the Italian professional football club based in Rome, announced a “premature termination” of its partnership with Nike at the close of the 2019/20 season.
Zalando Forecasts Strong Q2
Zalando SE, Europe’s leading online platform for fashion, expects a significant increase in sales and EBIT in the second quarter, which is significantly above current market expectations.
West Coast League Partners With Teambrown Apparel
The West Coast League (WCL), one of North America’s premier summer collegiate baseball leagues, announced a new partnership with Teambrown Apparel to produce WCL-branded merchandise.
New Era Seeks To Be Released From Naming Rights To Buffalo Bills Stadium
New Era Cap Company is asking the Buffalo Bills to end the Orchard Park stadium naming rights contract.
U.S. Retail Sales Climb 7.5 Percent In June
U.S. retail sales jumped 7.5 percent in June from the prior month as some stores and restaurants reopened. Results came out ahead of Reuters’ expectations calling for an increase of 5 percent.
Tilly’s Warns Of Sluggish Restart
Tilly’s Inc. provided a business update indicating that same-store sales are down 9.4 percent through July 14 and being impacted by weak traffic as stores reopen. The retailer also warned that sales will be impacted by the state of California’s decision on July 13 to close indoor shopping malls after reopening them in mid-June.
Anta Warns On First-Half Profits
Anta Sports Products Ltd. said it expects profits to decline up to 25 percent in the first half ended June 30 and up to 35 percent after taking into account its share of the loss from the Amer Sports acquisition.
JCPenney To Cut Jobs In Restructuring
J. C. Penney Company Inc., which is reorganizing in bankruptcy proceedings, announced that it is aligning its workforce with its store optimization strategy and reduced store footprint. The company will reduce its workforce by approximately 1,000 corporate, field management, and international positions.
Walmart To Mandate Face Coverings
Walmart, the nation’s largest retailer, will require all shoppers to wear masks at all its Walmart and Sam’s Club’s locations, effective next week.
360 Adventure Collective Cancels Southeast Summer Expo
360 Adventure Collective, the member association, has canceled the Southeast Summer Expo, which was to take place August 4-7 at the Greenville Convention Center in Greenville, SC.
Fanatics Partners With Tepper Sports & Entertainment
Fanatics reached a long-term agreement to become Tepper Sports & Entertainment’s (TSE) official omnichannel retail partner. Under the new deal, Fanatics will operate both the e-commerce and physical retail experiences at Bank of America Stadium for the NFL’s Carolina Panthers and Charlotte’s new MLS expansion franchise.
Intercollegiate Tennis Association (ITA) Adds Board Member
The Intercollegiate Tennis Association added longtime tennis industry professional Jill Fonte to the association’s Board of Directors. Fonte will join the Class of 2022.
Michigan’s Gazelle Sports Appoints First CEO
Gazelle Sports, the Michigan-based running specialty shop and athletic and fitness lifestyle retailer, appointed Jennifer Brummitt as Gazelle Sports’ first-ever CEO, effective immediately, as the company begins to transition its leadership structure from the original Partner Team.
PVH Corp. To Streamline Its North American Operations
PVH Corp. plans to exit its 162 outlet store Heritage Brands Retail business and reduce its office workforce by approximately 450 positions, or 12 percent, to better align its business with the evolving North American retail landscape.
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