Nike plans to fully exit from Russia following its move three months ago to suspend operations there at the start of the Ukraine invasion, Nike said in an e-mailed statement to Reuters.
Category: Footwear
JD Sports Outlines Plan To Improve Corporate Governance
J.D. Sports Fashion posted a record annual profit but warned that earnings would remain flat in the current financial year amid inflationary pressures. The retailer also laid out plans to overhaul its corporate governance structure and internal controls after a review led to the exit of long-time boss Peter Cowgill last month.
Blackcrows Names New Global Chief Commercial Officer
Blackcrows, the French freeskiing brand announced that Wanda Rozwadowska would join the company as Global Chief Commercial Officer.
Retail Groups Applaud Uyghur Forced Labor Prevention Act
In a joint statement, the American Apparel & Footwear Association, National Retail Federation, Retail Industry Leaders Association and The United States Fashion Industry Association applauded the implementation of the Uyghur Forced Labor Prevention Act.
Franchise Group Seeks Lower Price To Acquire Kohl’s
Retail holding company Franchise Group is considering lowering its bid for Kohl’s to closer to $50 per share from about $60, a source told CNBC.
EBay Acquires NFT Marketplace, KnownOrigin
EBay, Inc. has acquired KnownOrigin, the non-fungible token (NFT) marketplace. The company said the acquisition is an important step in its “tech-led reimagination.”
Iowa’s Uptown Sporting Goods To Close
Uptown Sporting Goods in Carroll, IA is closing later this summer as its owners plan to retire, according to a report from Carroll Times Herald.
PeopleForBikes Ranks Best Places to Bike In The U.S.
For the sixth consecutive year, PeopleForBikes, in partnership with Trek Bicycle, published its ranking of the best cities in the U.S. to cycle. Of the 1,058 cities ranked, the top three for 2022 are Provincetown, MA; Davis, CA; and Fayette, MO.
Nike Seeking To Move Into Smaller Space In Georgetown
Nike has submitted a proposal to the Old Georgetown Board to move to 3235 M Street NW in a space about one-third the size smaller than its flagship location at 3040 M Street NW.
Amazon Appoints New CEO Of Retail Business
Amazon.com, Inc. has named longtime executive Doug Herrington as CEO of its worldwide Amazon store business, formerly Consumer, succeeding Dave Clark, who recently stepped down.
Golden Goose’s Debt Ratings Upgraded
S&P Global Ratings upgraded the debt ratings of Golden Goose as the Italian luxury footwear maker’s revenue and EBITDA increased materially in 2021, thanks to normalizing retail traffic and the company’s continued expansion in the profitable direct-to-customer channel.
Miracle Miles Group Closes $100M Series Funding
Miracle Miles Group, Inc., which owns the Dream Pairs, Bruno Marc and Nortiv8 footwear brands, announced that it has closed a $100 million Series A funding.
Simon Property Group Brings Digital Search To The Mall
Simon Property Group announced the launch of Simon Search, a search platform allowing shoppers to research in-stock products available at participating retailers located within a Simon property.
Macron Forms New Partnership With Oxford United
Oxford United Football Club announced a new partnership with the Italian brand Macron to become its technical kit partner from the start of the 2022/23 season. Macron replaces Puma.
Target Brings Back Deal Days
Target announced that its annual Deal Days event is back for the fourth year in a row running from July 11-13. The three-day event begins the day before Amazon’s Prime Day deals kick-off, and both events end simultaneously.
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