Amazon reported independent businesses selling on Amazon surpassed $4.8 billion in worldwide sales from Black Friday through Cyber Monday, an increase of over 60 percent from last year.
Category: Footwear
Adobe Reports Cyber Monday Sales Expected To Climb Up To 21 Percent
Adobe Analytics projected Cyber Monday sales will range between $10.8 to $11.4 billion, becoming the largest online shopping day in U.S. history. Sales were up as much as 21 percent from a year ago.
Foot Locker CFO To Retire
Foot Locker Inc. announced the planned retirement of Lauren Peters, Foot Locker’s executive vice president and chief financial officer, with an expected effective date in April 2021.
Nike Lobbying Against Xinjiang Forced Labor Bill
Nike is among the major companies and business groups lobbying Congress to weaken a bill that would ban imported goods made with forced labor in China’s Xinjiang region, according to a report in the New York Times.
Under Armour Launches Steph Curry Brand
Under Armour on Monday launched the Curry Brand with NBA star Stephen Curry in a move being compared to Nike’s launch of the Jordan sub-brand in 1997.
Adobe Sees Online Sales Climb 22 Percent On Black Friday
Spending online on Black Friday this year surged 21.6 percent to hit a new record, according to data from Adobe Analytics.
Sensormatic Solutions Sees In-Store Traffic Tumble On Black Friday
Sensormatic Solutions, which employs cameras to measure in-store retail foot traffic, reported shopper visits resulted in a 52.1 percent decline in traffic on Black Friday, November 27, compared to 2019.
Tony Hsieh Dies From Injuries Sustained In House Fire
Tony Hsieh, the visionary behind Zappos, died Friday at the age of 46.
National Shoe Retailers Association Appoints President
The National Shoe Retailers Association announced Mark Denkler as its new president effective January 1, 2021, to replace retiring president Chuck Schuyler who, in mid-November, announced his retirement after 15 years.
Keds Appoints VP Of Product
Keds has appointed Jennifer Lynch, formerly at New Balance, as VP of product.
Dick’s SG To Test New Outdoor Concept
Dick’s Sporting Goods confirmed it will be testing a new outdoor-themed concept called Public Lands with two locations scheduled to open in former Field & Stream stores in 2021.
RunSignup Survey Forecasts A Hybrid Race Approach To 2021
RunSignup released the results of its survey of the endurance industry indicating that both virtual and in-person races are expected to be important in 2021.
San Diego’s A&B Sporting Goods To Close
A&B Sporting Goods in the North Park section of San Diego is closing after 79 years in business.
Report: Adidas Retains JPMorgan To Help Find Reebok Buyer
Adidas has retained JPMorgan Chase to assist with a potential sale of its Reebok brand, according to The New York Times.
REI To Open New Store
REI Co-op will open a new store in Mechanicsburg, PA in fall 2021, marking the Co-op’s fifth location in the state.
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