VF Corp. released the second edition of its VF Global Inclusion & Diversity Annual Profile. The report is public for the first time.
Category: Footwear
Swiss Running Brand ‘On’ Launches Sustainable Subscription Service
Swiss-based running brand, On, announced the launch of its subscription-based service to support recyclable sportswear to On customers worldwide.
Canada’s MEC To Be Acquired By U.S. PE Firm
Mountain Equipment Co-op (MEC), Canada’s largest outdoor chain with 22 stores, announced its board of directors has unanimously approved a deal in which a Los Angeles-based private investment firm will acquire MEC’s assets, including the majority of its retail stores. Vancouver-based MEC said the transition from a co-operative structure to a subsidiary of Kingswood Capital Management is needed to ensure a stable future for the business.
Simon Will Not Open Properties On Thanksgiving Day
Simon Property Group, one of the largest mall operators in the country, announced it will not open properties on Thanksgiving Day.
Sportsman’s Warehouse To Open In Chambersburg, PA
Sportsman’s Warehouse Holdings, Inc. plans to open a new store in Chambersburg, PA this month with a grand opening celebration to be held September 24 to 26.
Amazon To Hire 100,000 To Keep Up With Online Shopping Surge
Amazon announced that it is hiring an additional 100,000 regular employees throughout the U.S. and Canada on top of the 33,000 Corporate and Technology jobs announced last week.
REI Co-Op Sells Headquarters To Facebook
REI Co-op announced that it has completed the sale of its newly completed corporate campus in the Spring District neighborhood of Bellevue, WA, for a purchase price of $390 million. The 400,000-square-foot campus and approximately six acres of land were purchased by Facebook on September 14.
Crocs Appoints President
Crocs Inc. announced that Michelle Poole has been appointed as president, Crocs, Inc. effective September 10, 2020. She will continue to report to Andrew Rees, CEO.
Hibbett Sports Opens In Morgantown Mall
Hibbett Sports announced the opening of the newly relocated store in the Morgantown Mall in West Virginia.
Puma Signs Neymar
Puma has signed Neymar to an endorsement deal after the Brazilian star forward recently left Nike. Said Bjørn Gulden, chief executive officer of Puma, “He is one of the best players in the world and extremely influential for the global football and youth culture.”
Scheels Rolls Out Mobile Checkout
Scheels, which has 28 stores, has completed its initial implementation of the cloud-based Oracle Retail Xstore mobile POS platform and Oracle Retail Xstore Office Cloud Service to enable its employees to check out customers on selling floors.
Imports Spike As Retailers Stock Up For Holidays
Imports surged to unexpectedly high levels this summer and may have hit a new record, as the U.S. economy continues to reopen and retailers stock up for the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Crocs Sees Growth Resuming In Q3
Crocs Inc. said it expects third-quarter revenues to expand approximately 10 percent.
StockX Co-Founder Josh Luber To Exit Company
Josh Luber, the co-founder of StockX, is leaving the company a little over a year after he stepped down as CEO.
Portland’s U.S. Outdoor Store Files For Bankruptcy
U.S. Outdoor Store, a landmark store in downtown Portland for decades, filed for bankruptcy and closed its downtown store. The retailer blamed fallout from COVID-19, civic unrest in Portland, shifts to online purchasing and a dispute with its lender. Amer Sports, The North Face and Volcom held the largest unsecured claims among vendors.
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