Adidas successfully placed its first sustainability bond as the company continues to execute on its long-term sustainability plan while optimizing its capital structure and financing costs.
Category: Footwear
Nordstrom To Ban Fur, Exotic Skins
Nordstrom, Inc. announced the company will stop selling products made using animal fur or exotic animal skin by the end of 2021, becoming the first major U.S. retailer to make the commitment.
Former Cobra-Puma Golf Sales Leader Joins Motocaddy
Motocaddy, the British-based manufacturer of electric walking carts, has appointed Roger Teat, former director of sales operations at Cobra-Puma Golf, as President based in Carlsbad, CA.
Walmart, Target To Hold Sales Events Timed With Amazon Prime Day
Walmart and Target announced plans to offer their own deals on the same days as 2020’s Amazon Prime Day. On Monday, Amazon revealed its Prime Day would happen on October 13 and 14 and on Tuesday, Target said it’s bringing back its Deal Days from October 13 through 14.
Johnston & Murphy Returns To Golf Footwear
Johnston & Murphy, once a sponsor of Arnold Palmer, has launched its first new golf shoe in nearly 20 years.
Dick’s SG To Eliminate Single-Use Plastic Bags By 2025
Dick’s Sporting Goods announced two major actions to help create a future free of single-use plastic bags: a commitment to remove all single-use point-of-sale plastic bags from its stores by 2025 and a partnership with Closed Loop Partners’ Center for the Circular Economy.
Moody’s Assigns A2 Rating To Adidas’ Sustainability Bond Issuance
Moody’s Investors Service has assigned an A2 rating to Adidas AG’s proposed €500 million senior unsecured bond due 2028.
Alpargatas Transfers Mizuno License In Brazil To Vulcabras
Vulcabras Azaleia has agreed to take over the Mizuno license for Brazil from Alpargatas. The deal ends Alpargatas’ 23-year partnership with the Japanese company.
Timberland Hosts 23rd Annual Serv-a-Palooza
Timberland plans to host its 23rd annual Serv-a-Palooza, a company-wide community service event at which employee volunteers dedicate their time to address critical needs in their communities. This year’s Serv-a-palooza will be considerably different from last year’s as the brand has adapted the event to maximize employee safety during the COVID-19 pandemic.
Dunham’s Sports To Open At Markland Mall In Kokomo, IN
Dunham’s Sports opened a new location in a former Elder Beerman department store at Markland Mall in Kokomo, IN. The store represents a relocation within the Kokomo area.
Digital Agency Instrument Appoints Nike Lead
Instrument, based in Portland, OR, promoted Rocky Clarke-Puntney to oversee its Nike business as Nike group executive director.
Nike Nets Tax Break For Distribution Center in Ontario, CA
Nike will earn a tax break as part of a deal to open a large e-commerce warehouse in Ontario, CA, according to a report in the San Gabriel Valley Tribune.
Neiman Marcus Completes Chapter 11 Process
Neiman Marcus Holding Company, Inc. announced it has emerged from voluntary Chapter 11 protection, successfully completing its restructuring process.
Implus Appoints New Chief Information Officer
Implus LLC, the owner of a wide range of athletic, fitness and outdoor accessories, appointed Gwen Moilanen-Kollar as chief information officer. She was at Bed Bath & Beyond.
Allbirds Raises $100 Million In Funding
Allbirds, the San Francisco-based casual footwear and sneaker maker, raised $100 million in financing in a funding round that valued the company at $1.7 billion, according to a report in the Wall Street Journal.
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