By chemically upcycling post-consumer polyethylene into low-carbon polyols and polyurethanes, Novoloop produces sustainable materials for footwear, apparel, sporting goods, automotive, and other applications.
Category: Footwear
Adidas Appoints New GM for India
Vijay Chauhan, most recently SVP International at American Eagle Outfitters, joins Adidas as GM for India, effective August 1. He will succeed Neelendra Singh, who is stepping down after over two decades with the company.
Decathlon Closing Five Greater Toronto Area Stores
Decathlon is closing its five stores in the Greater Toronto area this summer. The retailer provided no reason for the closures, but the French sporting goods chain stated in a media release that it had recently launched same-day delivery and is considering opening smaller store formats or adopting a wholesale distribution model to serve the region.
Mark Walter to Acquire Majority Stake in the NBA’s Los Angeles Lakers
Chairman and CEO of TWG Global, Walter reached an agreement with the Buss Family Trust to acquire a majority stake in the NBA’s Los Angeles Lakers. The sale is expected to close in the third or fourth quarter of 2025.
Primark Continues U.S. Growth with Memphis, TN Store Opening
The Memphis location, opening July 24, is the first of two planned store openings in Tennessee for Primark, with a second store set to open in the Cool Springs Galleria in Franklin, TN. The opening marks the retailer’s 31st U.S. store, now spanning 13 states.
Carbitex Appoints VP of U.S. Sales
Hanna brings over 12 years of experience in advanced materials and textiles, most recently as director of Innegra sales at Quantum Materials, LLC, and previously as president of Innegra Technologies.
Bobs From Skechers Awards Paws for a Cause Design Scholarships
The philanthropic brand commemorates 10 years of its animal lifesaving mission with new Paws for a Cause scholarship winners’ styles, pet adoption events, grant donations, and register round-ups for shelter pets in need.
Survey: Back-To-School Spending Expected to Hold Up
According to PwC’s 2025 Back-to-School Survey of nearly 1,200 parents, over one in three parents anticipate spending more than the amount they spent last year. For surveyed respondents who plan to cut back on shopping for back-to-school items this year, technology and clothing were cited as top categories for reducing spend.
Nike, Inc. Nominates Former Lego CEO for Board Seat
Jørgen Vig Knudstorp, former president and chief executive officer of the Lego Group from 2004 to 2016 and current deputy chair of the Lego Foundation, is expected to replace Cathleen Benko, a former Deloitte executive who is retiring from the board.
U.S. Consumer Confidence Worsens in June
U.S. consumer confidence unexpectedly declined in June, underscoring anxiety about the potential impacts on the economy and job market from higher U.S. import duties. The Conference Board’s gauge of confidence decreased 5.4 points to 93.
Wolverine Worldwide Appoints Sales Leader, Work Group
Jim O’Connor previously held executive roles at Timberland Pro, Shoes for Crews and Lands’ End. Wolverine’s Work Group includes Bates, Cat Footwear, Harley-Davidson Footwear, Hytest, Wolverine Boots & Apparel.
Survey: Footwear Execs Expect DD Jump in Landed Cost in H2; See Tariff Pass-Through
The Q2 FDRA survey conducted among footwear executives showed that a vast majority of industry leaders expect footwear prices to rise by more than 5 percent this year, with 60 percent anticipating a double-digit surge in the landing cost of footwear due to tariffs in the second half.
Amazon Expands Same-Store Day Delivery to More Rural Markets
The rural push comes as Amazon’s delivery speed hit record levels in 2023 and 2024, and the number of items Amazon delivered the same or the next day in the U.S. increased over 30 percent so far this year compared to the same period last year.
Report: Dick’s SG Seeking Orland Park Financial Support for New House of Sports Project
The sporting goods retailer is looking to convert a 200,000-square-foot former Sears anchor space at the Orland Square shopping center, in a Chicago suburb, which has been empty since 2018.
EXEC: Wall Street Remains Skeptical of Any Nike Recovery in Fiscal Q4
Analysts expect Nike, Inc. will meet or exceed conservative guidance when it reports earnings for the fiscal fourth quarter ended May 31 on Thursday evening, June 24; however, results will again be well below year-ago levels.
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