Shoe Carnival, Inc. has re-opened all but one of its 390 stores across the U.S. and Puerto Rico following closures prompted by the COVID-19 pandemic.
Category: Footwear
Rack Room Commits $1 Million To Black Scholarship, Internship, Mentoring Programs
Rack Room Shoes announced committed to a $1 million donation, $200,000 per year for five years, to use towards a diversity plan that includes scholarships, internship opportunities, mentoring programs and other donations for education and economic development in the black community.
REI’s Westminster Location Closes On Monday
REI is closing its store in Westminster, CO after failing to reach a new agreement with the Orchard Town Center’s landlord, according to the Denver Post.
Modell’s Seeks Extension To File Bankruptcy Plan
Modell’s Sporting Goods is seeking a three-month extension of the time it has to file its bankruptcy plan due to challenges liquidating merchandise due to the pandemic. The retailer said its stores are now opening to start GOB sales.
The North Face And REI Pull Ads From Facebook
The North Face and REI both said they would temporarily stop buying Facebook ads in solidarity with calls for a boycott from civil rights organizations. Facebook and CEO Mark Zuckerberg have come under fire for allowing racist content and disinformation to propagate on the site.
Neiman Marcus Secures Bankruptcy Financing
Neiman Marcus Group LTD LLC announced that it has received approval from the U.S. Bankruptcy Court for the Southern District of Texas Division to access debtor-in-possession (“DIP”) financing and is on track to exit bankruptcy proceedings by the fall.
International Council Of Shopping Centers Launches ‘Back. Together.’ Campaign
The International Council of Shopping Centers, the member network serving the retail real estate industry, has launched its “Back. Together.” campaign, a marketing and branding initiative to help its members communicate with one voice about the importance of retailers and retail real estate as the country seeks to recover from the COVID-19 pandemic.
NGF Update: 20 Million Spring Rounds Lost To Covid-19
The U.S. golf industry lost as many as 20 million rounds of golf in March and April due to course closures and coronavirus-induced anxiety, according to the most recent National Golf Foundation estimates.
New Balance Makes Juneteenth A Paid Holiday
New Balance announced plans to close all operations, including owned stores, on Friday in observance of Juneteenth, which takes place on June 19 and commemorates the end of slavery in the United States.
J.C. Penney Reaches Deal To Resume Nike Shipments
J.C. Penney Co., which filed for bankruptcy last month, won court approval to free up $30 million in Nike products that the sportswear giant had been holding back in a dispute over allegedly unpaid pre-Chapter 11 bills.
Target Bumps Starting Minimum Wage to $15/Hour, Adds Frontline Worker Bonus
Target will permanently raise its starting wage for U.S. employees to $15 per hour, commencing July 5, 2020. The move was announced with a range of updates and extensions to its pay and benefits programs.
Emerald Releases Preparedness, Prevention And Response Plan
Emerald Holding, Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced its commitment to providing an elevated standard of health and safety protocols in preparation for the anticipated reopening of the company’s live events.
Liquidation Sales Begin At 137 J.C. Penney Locations
A team of disposition firms consisting of Gordon Brothers, Hilco Merchant Resources, Great American Group, and Tiger Group announced that they have commenced store closing sales at 137 J.C. Penney Company Inc. stores. The closures are the Company’s first step in implementing a planned store optimization strategy after filing for bankruptcy last month.
Designer Brands Q1 Sales Drop 45 Percent
Designer Brands Inc., the parent of DSW, reported a loss in the first quarter ended May 2 of $215.9 million that included pre-tax charges totaling $112.3 million covering impairment charges, integration and restructuring expenses and COVID-19 incremental costs. Revenues were down 44.7 percent despite a 25 percent hike in online sales. The Company has reopened approximately 90 percent of its total store base.
Cat Footwear Appoints VP Of Marketing
Cat Footwear, owned by Wolverine Worldwide, appointed Kelly Ballou as its VP of marketing.
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