Under Armour on Monday launched the Curry Brand with NBA star Stephen Curry in a move being compared to Nike’s launch of the Jordan sub-brand in 1997.
Category: Footwear
Adobe Sees Online Sales Climb 22 Percent On Black Friday
Spending online on Black Friday this year surged 21.6 percent to hit a new record, according to data from Adobe Analytics.
Sensormatic Solutions Sees In-Store Traffic Tumble On Black Friday
Sensormatic Solutions, which employs cameras to measure in-store retail foot traffic, reported shopper visits resulted in a 52.1 percent decline in traffic on Black Friday, November 27, compared to 2019.
Tony Hsieh Dies From Injuries Sustained In House Fire
Tony Hsieh, the visionary behind Zappos, died Friday at the age of 46.
National Shoe Retailers Association Appoints President
The National Shoe Retailers Association announced Mark Denkler as its new president effective January 1, 2021, to replace retiring president Chuck Schuyler who, in mid-November, announced his retirement after 15 years.
Keds Appoints VP Of Product
Keds has appointed Jennifer Lynch, formerly at New Balance, as VP of product.
Dick’s SG To Test New Outdoor Concept
Dick’s Sporting Goods confirmed it will be testing a new outdoor-themed concept called Public Lands with two locations scheduled to open in former Field & Stream stores in 2021.
RunSignup Survey Forecasts A Hybrid Race Approach To 2021
RunSignup released the results of its survey of the endurance industry indicating that both virtual and in-person races are expected to be important in 2021.
San Diego’s A&B Sporting Goods To Close
A&B Sporting Goods in the North Park section of San Diego is closing after 79 years in business.
Report: Adidas Retains JPMorgan To Help Find Reebok Buyer
Adidas has retained JPMorgan Chase to assist with a potential sale of its Reebok brand, according to The New York Times.
REI To Open New Store
REI Co-op will open a new store in Mechanicsburg, PA in fall 2021, marking the Co-op’s fifth location in the state.
Nordstrom’s Q3 Revenues Slump 16 Percent
Nordstrom Inc. reported sales decreased 16 percent to $3 billion in the third quarter. Net earnings were down 57.9 percent in the period, but came in well above Wall Street’s targets. Top-performing merchandise categories included active, home, beauty and designer.
Tracker Boats To Double Its Footprint In Bolivar, Adding 300 New Jobs
Bass Pro Shops and White River Marine Group are expanding its Tracker Boats plant in Bolivar, MO, doubling the square footage of its manufacturing capabilities and adding 300 manufacturing jobs.
Urban Outfitters’ Q3 Profits Jump 38 Percent
Urban Outfitters Inc. announced net income rose 37.7 percent in the third quarter to $76.7 million, or 78 cents a share. Comparable Retail segment net sales were flat as a result of negative retail store sales driven by lower store productivity due to reduced store traffic, offset by strong double-digit growth in the digital channel.
Dick’s SG’s Q3 Earnings Surge On 23 Percent Comp Gain
Dick’s Sporting Goods reported earnings in the third quarter ended October 31 jumped more than four-fold as same-store sales climbed 23.2 percent. Brick & mortar same-store sales increased double-digits, the best performance since going public nearly two decades ago, while e-commerce sales expanded 95 percent.
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