Barneys New York filed for bankruptcy protection and announced plans to close 15 of its locations.
Category: Footwear
Trade War Escalates With Currency Manipulation Charges
China allowed its currency to drop sharply on Monday to the weakest level in more than a decade, prompting the Trump administration to take the historic step of labeling China a currency manipulator.
Xtep Closes K-Swiss Acquisition
Xtep, the China-based sports company, closed its acquisition of E-Land Footwear USA Holdings Inc., the owner of the K-Swiss, Palladium, Supra, PLDM and KR3W brands for $260 million.
The North Face Announces 2019 Explore Fund Grant Recipients
The North Face announced the 2019 Explore Fund Grant recipients, welcoming a new class of 42 organizations enabling exploration for all.
JCPenney Appoints EVP Of Stores
J.C. Penney Company Inc. announced that James (Jim) DePaul has been named executive vice president of stores, effective August 5, reporting directly to Jill Soltau, chief executive officer.
StockX Hit By Data Breach
StockX, the leading online marketplace for retro sneakers, has fallen victim to a data breach, allegedly exposing sensitive information of more than 6.8 million users worldwide.
Nike Extends Deal With National Women’s Soccer League
Nike and the National Women’s Soccer League (NWSL) have agreed to an extended partnership through 2022 in which Nike remains the league’s exclusive partner of uniforms, apparel and equipment.
Asics North America Sees Sales Increase In Q2
The second quarter of 2019 for Asics North America (ANA), which includes the United States, Canada and Mexico, showed positive regional growth year-over-year and increased traffic to both online e-commerce and retail channels. This marks the second consecutive quarter of growth for Asics North America.
Columbia’s Tim Boyle Speaks Out Against Tariffs
In a statement, Tim Boyle, president and CEO of Columbia Sportswear Co., decried President Trump’s plans for a new 10 percent tariff on $300 billion of Chinese imports. He said in part, “We’ve been fortunate to have a strong economy for the past decade. Let’s not tank the economy with the misguided conception that trade wars are fun.”
Trump Says U.S. Will Impose 10 Percent Tariffs On Another $300 Billion Of Chinese Goods
Industry and retail trade organizations reacted quickly to criticize President Trump’s plans for a new 10 percent tariff on $300 billion of Chinese imports, taking effect on Sept. 1, 2019. These tariffs will target “List 4” products – products including footwear and apparel that have not previously been subject to tariff increases.
Birkenstock Opens Second Company-Owned Retail Store In The U.S.
Birkenstock Americas announced that it has opened its second company-owned retail store in the United States. The location is in Venice Beach, CA.
OrthoLite Hires Rob Falken As VP Of Global Innovation
OrthoLite, a leader in insole technology, announced the hiring of Rob Falken as vice president of global innovation.
Nike And Jordan To Outfit Basketball Africa League
The Basketball Africa League (BAL) announced Nike and Jordan Brand will be the exclusive outfitter of the new professional league featuring 12 club teams from across Africa and scheduled to begin play in March 2020.
Crocs Hikes Guidance After Q2 Earnings Beat
Crocs Inc. sharply raised its guidance for the year after reporting second-quarter earnings that handily topped Wall Street’s target.
Puma Lifts Full-Year Outlook On Robust Q2 Revenue Gains
Puma slightly raised its full-year guidance after reporting second0-quarter earnings rose 59.8 percent. Revenues increased 15.7 percent on a currency-adjusted basis. The gains were led by the Asia-Pacific region, up 21.6 percent, closely followed behind by the Americas, 19.7 percent. EMEA sales grew 8.4 percent currency neutral.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal