Kohl’s announced the nationwide launch of Kohl’s Rewards, the company’s new simplified loyalty program, offering customers an opportunity to earn more Kohl’s Cash coupons on purchases.
Category: Footwear
Boardriders’ Debt Ratings Lowered
The debt ratings of Boardriders Inc., the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA and Element brands, were downgraded by S&P. The rating agency said a new debt offering “is tantamount to a default on the term loan because the company is distressed and term loan lenders were not adequately compensated for accepting a more junior position in the capital structure.”
Slinger Bag Announced Expansion Into Australia
Slinger Bag announced a five-year distribution agreement with Australia’s tennis specialty retailer, Tennis Only.
Altitude Sports Launches Same-Day Delivery
Altitude Sports, Canada’s online outdoor retailer, announced that it will offer a same-day delivery option to customers in Montreal as of September 1 and Next Day Delivery in Toronto this fall.
NFHS Unable To Post Annual Participation Report For First Time
The National Federation of State High School Associations (NFHS) said it is unable to release its annual summary of high school sports participation for the first time in the 50-year history of the survey due to the loss of spring sports. Encouragingly, participation for fall 2019 sports, including football and girls volleyball, were encouraging.
NRF Advocates For Federal Help For Small Businesses
The National Retailer Federation (NRF) in a statement said data indicating that small business owners are increasingly pessimistic about the coronavirus shows the need for continued economic stimulus measures.
Shopify Hires Former Adidas Exec Jon Wexler
Jon Wexler, the former Yeezy GM at Adidas, will become VP of Shopify’s creator and influencer program.
Under Armour Announces Thanksgiving Store Closures
Under Armour, Inc. announced plans to close all UA Brand House and UA Factory House retail locations in the United States for Thanksgiving . All U.S. retail locations will re-open to the public on Friday, November 27.
Adidas Places Two Bonds In The Amount Of $1 Billion
Adidas successfully placed two bonds in an amount of €1 billion in total. The 4-year bond of €500 million matures in September 2024 and has a coupon of 0.00 percent, while the 15-year bond of €500 million matures in September 2035 and has a coupon of 0.625 percent.
Adidas Extends Partnership With Belgian KVBV
Adidas extended its kit supplier agreement with the Belgian Football Association (KBVB) for six more years until 2026.
Nordstrom Appoints Men’s Fashion, Editorial Director
Nordstrom has appointed Jian DeLeon, former editorial director of Highsnobiety, as men’s fashion editorial director.
The Buckle’s August Comps Increase 1.7 Percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 29, 2020 increased 1.7 percent from comparable store net sales for the 4-week period ended August 31, 2019.
VF Corp. x Timberland Collaborate With Redress
VF Corporation, together with its Timberland brand, announced a collaboration with Redress for the Redress Design Award 2020.
Robin Hood CEO Joins Under Armour Board Of Directors
Under Armour Inc. announced that Wes Moore has been appointed to its Board of Directors effective October 1, 2020. Moore, 41, is CEO of the Robin Hood Foundation, a nonprofit that finances over 500 organizations serving children, families and communities.
Tilly’s Q2 Sales Dip 16 Percent, Sees Significant Q3 Decline
Profits at Tilly’s Inc. fell 43.0 percent in the second quarter as sales declined 16 percent. Second-quarter results exceeded internal expectations given that stores were closed for parts of the quarter, but Tilly’s warned that third-quarter sales have been “significantly impacted” by delayed back-to-school selling.
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