Moody’s Investors Service has assigned an A2 rating to Adidas AG’s proposed €500 million senior unsecured bond due 2028.
Category: Footwear
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.
Amazon Prime Day Set For October 13 And 14
Amazon said Monday that it will host its annual Prime Day sales event on October 13 and 14. Prime Day, which traditionally takes place in mid-July, had been postponed due to COVID-19.
Survey Finds Landlords And Retail Tenants Compromise To Emerge Stronger Post-COVID-19
With close to zero revenue coming in the doors for many brick & mortar retailers during COVID-19 stay-at-home orders, retailers and their landlords are working to address outstanding rent obligations, the National Retail Federation, and PJ Solomon said.
Academy Sports’ Debt Ratings Upgraded By S&P
The debt ratings of Academy Sports + Outdoors Inc. were raised by S&P Global Ratings as the retailer recently announced continued growth in the second quarter ended July and filed for a potential IPO.
Asics Joins RE100
Asics announced that it has joined RE100, the global environmental initiative composed of member companies committed to relying solely on renewable energy for electricity in their businesses. As a member company of RE100, Asics will aim to use only renewable electricity across all Group companies by 2050.
NFHS, NFL Announce Partnership To Promote High School Football
The National Federation of State High School Associations (NFHS) and the National Football League (NFL) have announced a partnership to promote growth and support for football at the high school level.
Gap Inc. Expands Loyalty Program Across Banners
Gap Inc. said it is launching unique loyalty programs across the U.S. and Puerto Rico across each of its core brands: Navyist Rewards, Gap Good Rewards, Banana Republic Rewards, and Athleta Rewards, replacing its previous loyalty program, BRIGHT Rewards. Customers can earn and redeem rewards across its family of brands.
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