Genesco Inc. raised its outlook for the year after reporting third-quarter profit and same-store sales rose above expectations. Among its segments, same-store sales grew 4 percent at Journeys and improved 3 percent for Schuh while falling 6 percent at Johnston & Murphy. (Read More)
Neil Cole, Iconix Brand Group’s founder and former CEO, has been charged with accounting fraud while Seth Horowitz, Iconix’s former COO, pled guilty to related charges. (Read More)
Fresno State Athletics announced that Adidas will replace Nike as its official athletic footwear, apparel and accessory brand in a 6-year partnership through the 2026 season. The agreement is effective June 1, 2020. (Read More)
Nike Inc.’s “Sport Changes Everything” ad campaign was halted by a North Carolina federal court based on likely confusion with Fleet Feet Inc.'s “Sports Change Everything” and “Running Changes Everything” trademarks. (Read More)
Vans commemorated the inaugural #VansCheckerboardDay held on November 21 and its more than $1 million donation to Imagination.org and announced the creation of the Vans Checkerboard Fund, a global grant program that will provide monetary support to back creative expression. (Read More)
New Balance Athletics, Inc. announced it is adopting Gap Inc.’s P.A.C.E. (Personal Advancement & Career Enhancement) program, an innovative education and training initiative, to help improve the lives of women workers in its global supply chain. (Read More)
Altra, which is owned by VF Corp., welcomed Chuck Ponthier as senior director of sales. Most recently, Ponthier served as the vice president of North American sales at Toms. (Read More)
L.L.Bean announced its newest retail location in the Granite State will open in the fall of 2020. The L.L.Bean retail store will be located at Tuscan Village, a premier lifestyle destination in Salem, NH. (Read More)
Gant has named Patrik Söderström chief executive officer, effective February 2020. He will take over for Brian Grevy, who, as reported, is re-joining Adidas to lead Global Brands. (Read More)
Overall online sales on Black Friday jumped 19.4 percent to $7.4 billion, the second-largest Internet shopping day ever, according to data compiled by Adobe Analytics. The $7.4 billion marked the biggest sales day ever for Black Friday and trailed only last year’s Cyber Monday’s $7.9 billion for the number 1 spot of all-time in online revenue, according to Adobe’s data. (Read More)
