REI is upgrading product standards in partnership with its more than 1,000 brand partners to advance more sustainable and inclusive business practices. The co-up is also committing that, by 2030, all products on its shelves will have a preferred attribute so that every purchase at REI supports a healthier, cleaner, more equitable planet.
Category: Footwear
Designer Brands Logs Q3 Loss, Continues Athletic Push
Designer Brands Inc. reported a loss in the third quarter ended November 2 on a 30.1 percent revenue decline but the loss topped Wall Street’s expectations. Designer Brands’ officials also called out substantial progress the DSW chain has made expanding athletic and kids offerings.
Academy Sports Adds Board Member
Academy Sports and Outdoors Inc. announced the appointment of Wendy A. Beck to its Board of Directors, effective today. Beck joins Allen I. Questrom and Jeffrey C. Tweedy, who were appointed to Academy’s Board on October 1 in connection with Academy’s initial public offering, as recent independent director additions to the Board.
NPD Reports: Sports Equipment Sales Surge In Third Quarter
According to NPD Group, categories tied to the outdoors as well as home fitness equipment continue to post double-digit gains in the third quarter.
Aglet Announces $4.5M Seed Round
Aglet has completed seed financing of an additional $4.5 million just months after closing its pre-seed extension with $7 million raised since its founding late 2019.
TJX Announces 13 Percent Increase In Dividend
The TJX Companies Inc. announced the declaration of a quarterly dividend on its common stock of 26 cents per share payable March 4, 2021, to shareholders of record on February 11, 2021.
Jordan Brand Partners With UCLA
UCLA announced a six-year partnership that makes Nike’s Jordan Brand the official athletic footwear, apparel and equipment provider for the Bruins’ football and basketball programs. The change comes after Under Armour announced in June that it was ending its contract with the school.
USA Cycling Announces New Board Members And Bylaws
USA Cycling Board of Directors welcomed four new board members to elevate USA Cycling’s impact beyond the sport.
Foot Locker Plans Rights Issue
Foot Locker Inc. announced that its Board of Directors has adopted a short-term shareholder rights plan and declared a dividend distribution of one right on each outstanding share of the company’s common stock. The offering could be used as a barrier to activist investor Daniel Kretinsky taking control of the sneaker retailer.
JCPenney Emerges From Bankruptcy
JCPenney emerged from Chapter 11 bankruptcy on Monday in a deal that leaves Simon Property Group and Brookfield Asset Management Inc as the owners and operators of the department store chain.
Dick’s SG To Close Store In Port Huron, MI
Dick’s Sporting Goods plans to close its store at the Fort Gratiot Shopping Center in Port Huron, MI this winter, according to a report in the Port Huron Times Herald.
Adidas Partners With The Atlanta Hawks
Adidas inked a multi-year partnership with the Atlanta Hawks that covers a wide variety of marketing integrations including event sponsorships, exclusive product designs, and custom digital content.
New Balance To Close Boston Factory
New Balance plans to close its factory in Boston’s Brighton neighborhood in February, eliminating 63 jobs.
[Sponsored Content] … LAMO Footwear Projects Confidence Moving Into 2021
Southern California footwear brand LAMO stretched beyond the uncertainty of COVID-19, reaching new milestones by staying focused on product quality and evolving its business strategy with the changing climate.
Genesco’s Q3 Profits Slide
Genesco Inc. reported earnings on an adjusted basis were down 37.6 percent in the third quarter as same-store sales declined 11 percent but results topped Wall Street targets. A 62 percent hike in online sales was unable to offset a same-store decline of 6 percent at Journeys and 43 percent at Johnson & Murphy.
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