The USTA (U.S. Tennis Association) announced plans to lay off 110 employees and close its White Plains, NY Office as part of a restructuring in the wake of COVID-19.
Category: Footwear
Adidas Commits To Hiring More Black And Latino Employees
Adidas, facing calls for greater diversity within its ranks, announced plans to invest $20 million in black communities, support university scholarships for black employees and increase the number of black and Latino hires at its North American headquarters.
Pandemic’s Impact On Imports Easing
The impact of COVID-19 at major U.S. retail container ports appears to be easing slightly with projected imports remaining below last year’s levels but not as much as previously forecast, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Plattsburgh State Partners With BSN Sports, Nike
The Plattsburgh State Department of Intercollegiate Athletics and Recreation in upstate New York has entered into a five-year partnership with Nike brand through BSN Sports.
Macy’s Logs Q1 Loss Of $652 Million
Macy’s Inc. said it expects to report a steep loss for the first quarter but it was in line with expectations. The leading department store chain also indicated that re-opened stores are outperforming expectations.
Genesco’s Q1 Sales Tumble 44 Percent
Genesco Inc., the parent of Journeys, reported a steep loss in the first quarter that included an impairment charge for Schuh. Sales tumbled 44 percent in the first quarter with stores closed starting in mid-March. The loss of sales due to store closures was partly offset by triple-digit e-commerce comp gain for the month of April and 64 percent comp growth for the first quarter.
Nike Signs Norwegian Women’s Soccer Star
Nike has signed Norwegian striker Ada Hegerberg to a 10-year endorsement deal. The 24 years-old, already the UEFA Champions League career goals leader, had been with Puma.
Active Industry Steps Up With Donations To Racial Justice Causes
Peloton, Puma, Lululemon and a number of other brands in the active lifestyle space in recent days have announced financial contributions to address racial inequity in the wake of George Floyd’s death that has led to protests across the country.
Crocs Announces New European Distribution Center
Crocs announced that construction has begun on its largest distribution center in Europe to be located in Dordrecht, the Netherlands.
Reebok To Cut Ties With CrossFit Over Founder’s Racial Remarks
Reebok announced that it will end its association with CrossFit after CrossFit’s Founder and CEO Greg Glassman equated the police killing of a black man to the COVID-19 pandemic.
Backcountry Announces Executive Leadership Changes
Backcountry, the online outdoor retailer, named Melanie Cox, formerly interim CEO at rue21, as its chief executive officer. Jonathan Nielsen, Backcountry’s CEO since March 2016, is departing. Additionally, Sarah Crockett, formerly at Burton, has been appointed chief marketing officer.
Modell’s Extends Bankruptcy Suspension Until June 15
Modell’s won another extension of the pause in its Chapter 11 bankruptcy case as most stores remained closed due to COVID-19 and due to disturbances across retail following the May 25 killing of George Floyd in Minneapolis.
Foot Locker To Close All North American Stores For George Floyd’s Memorial Service
Foot Locker will close all its locations on Monday, June 8, in observance of George Floyd’s Celebration of Life Servic
Puma Opens Midwest Fulfillment Center In Indiana
Puma has opened a new fulfillment center in Whitestown, IN. With an area of 640,000 square feet, the new center will complement the company’s long-standing California campus.
Nike Commits $40 Million To Black Communities
Nike said on Friday it will be committing $40 million over four years to support black communities on behalf of the Nike, Jordan and Converse brands collectively. This commitment will be focused on investing in and supporting organizations that put social justice, education and addressing racial inequality in America at the center of their work.
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