USA Cycling Board of Directors welcomed four new board members to elevate USA Cycling’s impact beyond the sport.
Category: Footwear
Foot Locker Plans Rights Issue
Foot Locker Inc. announced that its Board of Directors has adopted a short-term shareholder rights plan and declared a dividend distribution of one right on each outstanding share of the company’s common stock. The offering could be used as a barrier to activist investor Daniel Kretinsky taking control of the sneaker retailer.
JCPenney Emerges From Bankruptcy
JCPenney emerged from Chapter 11 bankruptcy on Monday in a deal that leaves Simon Property Group and Brookfield Asset Management Inc as the owners and operators of the department store chain.
Dick’s SG To Close Store In Port Huron, MI
Dick’s Sporting Goods plans to close its store at the Fort Gratiot Shopping Center in Port Huron, MI this winter, according to a report in the Port Huron Times Herald.
Adidas Partners With The Atlanta Hawks
Adidas inked a multi-year partnership with the Atlanta Hawks that covers a wide variety of marketing integrations including event sponsorships, exclusive product designs, and custom digital content.
New Balance To Close Boston Factory
New Balance plans to close its factory in Boston’s Brighton neighborhood in February, eliminating 63 jobs.
[Sponsored Content] … LAMO Footwear Projects Confidence Moving Into 2021
Southern California footwear brand LAMO stretched beyond the uncertainty of COVID-19, reaching new milestones by staying focused on product quality and evolving its business strategy with the changing climate.
Genesco’s Q3 Profits Slide
Genesco Inc. reported earnings on an adjusted basis were down 37.6 percent in the third quarter as same-store sales declined 11 percent but results topped Wall Street targets. A 62 percent hike in online sales was unable to offset a same-store decline of 6 percent at Journeys and 43 percent at Johnson & Murphy.
Dick’s SG Names Todd Spaletto President Of Public Lands Retail Concept
SGB Media has obtained an internal communication from Dick’s Sporting Goods announcing the appointment of Todd Spaletto as president of its new Public Lands retail division serving the outdoor specialty market.
Zumiez Posts Strong Profit Uptick In Q3
Zumiez Inc. reported earnings rose 51.6 percent in the third quarter ended October 31 as sales grew 2.6 percent. Sales turned positive in September and October after delayed back-to-school spending dragged down August results.
Tilly’s Q3 Sales Impacted By Back-To-School Delays
Tilly’s Inc. reported earnings fell 67.2 percent in the third quarter on a 9.4 percent revenue decline. Online growth of 57.3 percent was unable to offset a 20.8 percent sales decline from physical stores.
Retail Ecommerce Ventures Acquires Stein Mart’s IP Assets
Retail Ecommerce Ventures (REV) emerged as the winner of a bankruptcy court auction for the intellectual property (IP) of Stein Mart Inc. The acquisition follows the purchase of the IP assets of Modell’s Sporting Goods earlier this year and more recent purchases.
UPS Drivers Told Not To Pick Up Shipments From Nike And Other Retailers Amid Order Surge
UPS has reportedly told drivers across the country to stop picking up packages from six retailers, including Nike, as the carrier attempts to keep up with a record-breaking online shopping season amid the pandemic, according to an internal message obtained by The Wall Street Journal. The other retailers cited were Gap, Macy’s, L.L. Bean, Hot Topic, and Newegg.
The Buckle’s November Comps Increase 8.4 Percent
The Buckle Inc. announced today that comparable store net sales for the 4-week period ended November 28 increased 8.4 percent compared to a year ago. Net sales increased 8.1 percent to $86.3 million.
NRF Sees Slight Decline In Shopper Traffic Over Thanksgiving Weekend
An estimated 186.4 million consumers shopped in-store and online from Thanksgiving through Cyber Monday, down slightly from 189.6 million in an unusually robust 2019, according to the annual survey released by the National Retail Federation.
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