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.
Category: Footwear
J.C. Penney Identifies 154 Stores To Close
J.C. Penney Company Inc, which filed for bankruptcy protection on May 15, has identified 154 stores it plans to permanently close in the first phase of closings.
NBA Approves Format To Restart Season With 22 Teams
The NBA Board of Governors approved a competitive format to restart the 2019/20 season with 22 teams returning to play and a tentative start date of July 31. The Board’s approval is the first formal step among many required to resume the season.
Wigwam Mills Reopens Factory With New Generation At The Helm
Wigwam Mills Inc. has reopened its factory as Wisconsin’s stay-at-home restrictions have been eased by Wisconsin Governor Tony Evers. In addition, the Wigwam Board of Directors announced that leadership of the 115-year old brand has shifted to the fourth-generation siblings Chris Chesebro and Margaret Newhard.
Caleres Sees 90 Percent Of Famous Footwear Stores Open By Late June
Caleres Inc., parent company to Famous Footwear, Sam Edelman, Allen Edmunds, Naturalizer, and other footwear brands, reported Thursday that following a strong start to the year, first-quarter 2020 results were significantly impacted by COVID-19 and subsequent closures of the company’s retail stores along with the closure of its wholesale partners’ store operations. Despite this, actions […]
Nike’s “Don’t Do It” Ad Earns Wide Praise But Some Pushback
Nike’s new “Don’t Do It” ad has drawn solid support from viewers although it if falls short of the marketer’s 2018 Colin Kaepernick ads on a couple key measures, according to findings from Ace Metrix, which tracks advertising effectiveness.
Zumiez’s Q1 Sales Drop 35 Percent
Zumiez Inc. reported sales tumbled 35.3 percent in the first quarter ended May 2 and slid 8.6 percent in May. The action sports retailer closed the quarter with 9 percent of its stores opening and ended the month of May with 69 percent open.
Canada’s Sail Outdoors Files For Bankruptcy Protection
Sail Outdoors Inc., which operates 18 outdoor stores in Canada under the Sail and Sportium banners, has filed for bankruptcy protection in response to challenges posed by COVID-19 with a plan to restructure finances.
The Running Event Confirms 2020 Dates
The Running Event has confirmed that it is moving forward with the 2020 planned event in Austin, Texas from December 1-3, 2020. TRE event registration will open in mid-August.
Columbia Sportswear Closes Stores During George Floyd’s Memorial Services
Columbia Sportswear in an internal memo said it will be closing all its stores for two hours during George Floyd’s memorial service, make donations to the NAACP Legal Defense Fund and the Marshall Project, and double-match contributions by employees to non-profits addressing racism.
MLS, Players Reach New Agreement, Sets Stage For Resuming 2020 Season
MLS and the MLS Players Association completed a new collective bargaining agreement on Wednesday after the MLSPA voted to approve a revised plan, paving a way for a return to play in July.
Nike Renews Sponsorship Of Stade Toulousain
Nike has renewed its sponsorship deal with Stade Toulousain, the French rugby club.
Adidas Business In Greater China Returns To Growth In May
Adidas said that in Greater China, the company’s first major market on the road to recovery, all own- and partner-operated stores have been open since mid-April. While store traffic remained below the prior year level in May, targeted efforts to revitalize retail have led to sequential improvements since stores reopened
Wolverine Seeing Online Sales Surge In Second Quarter
Wolverine World Wide Inc., in a business update, said owned e-commerce grew more than 90 percent in the first nine weeks of the second quarter of fiscal 2020, helping the company deliver a better-than-expected performance so far in the period.
NBA Expected To Approve 22-Team Plan To Restart Season
The NBA plans to resume play on July 31 with 22 of its 30 teams competing for the final seeds of a 16-team playoff, according to a report from ESPN.
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