Seventy-two percent of companies now anticipate that sales will not return to pre-COVID-19 numbers until 2021, and 53 percent report not until Q2 of 2021, according to the SFIA’s 3rd Edition of its monthly COVID-19 Industry Impact Report.
Category: Footwear
Foot Locker Implements New Organizational Structure
Foot Locker Inc. announced a new organizational structure designed to elevate the customer experience. The moves include the appointment of Frank Bracken as CEO of North America, Andy Gray as chief commercial officer and Scott Martin as CEO of Asia Pacific. Lew Kimble and Jake Jacobs are retiring.
Congress Passes The Great American Outdoors Act
The U.S. House on Wednesday passed the Great American Outdoors Act by a vote of 310 to 107, guaranteeing for the first time money for land acquisition and preservation. The bill now heads to President Donald Trump, who is expected to sign it.
Nike Tops BrandZ’s Most Valuable Apparel Brands
Nike was again the top-ranked apparel brand in the 2020 BrandZ Top 100 Most Valuable Global Brands ranking released by WPP and Kantar, although Lululemon, Adidas and The North Face all saw double-digit appreciation.
Closed Loop Partners Launches Consortium To Address Retail Bags
The Center for the Circular Economy at Closed Loop Partners has partnered with five retailers, CVS Health, Target, Walmart, Kroger, and Walgreens, to form a consortium aimed at reinventing the single-use plastic retail bag.
Comscore Finds Consumers Shifting Focus To Sports And Outdoor Activities
According to new research from Comscore, consumers are shifting discretionary spending away from typical summer travel and ticketed events and focusing instead on family-oriented outdoor activities.
Nike Announces Leadership Changes To Support Consumer Direct Acceleration
Nike Inc. announced a series of senior leadership changes supporting the company’s Consumer Direct Acceleration (CDA). Among the changes, Amy Montagne becomes VP/GM, Men’s; Whitney Malkiel becomes VP/GM, Women’s; and McCallester Dowers becomes VP/GM, Kids. All three will report to Michael Spillane, who becomes president, Consumer Creation.
Stage Stores Starts Going-Out-of-Business Sales
Joint venture partners Gordon Brothers and Hilco Merchant Resources announced that they have started “Going-Out-of-Business” sales at 720 Stage Store locations, including Gordmans as well as Stage, Bealls, Goody’s, Palais Royal, and Peebles stores.
VF Corp. To Open Multi-Brand Retail Store In Milan
VF Corp. plans to open its first multi-brand store this fall in Milan, Italy. The store, inside a historic building at 11 Orefici Street, will feature The North Face, Timberland and Napapijri with other VF brands periodically showcasing their collections.
Adidas Becomes Official Kit Partner Of Leeds United
Leeds United said Adidas will become its official kit partner from the 2020/21 season in a record-breaking deal for the club. Adidas will take over from the Italian sportswear brand Kappa.
OIA Launches Outdoor Industry Business Certificate Program
The Outdoor Industry Association in partnership with Utah State University and Western Colorado University, launched select courses from its Outdoor Industry Business Certificate program. The program offers a suite of continuing education certificates tailored to outdoor industry professionals.
Nike Partners To Launch Global Carbon-Neutral Group
Nike Inc. joined eight other major corporations including Microsoft, Starbucks and Unilever, to form a new consortium with a goal of accelerating the transition to a net-zero global economy.
REI To Open Stores In Gainesville And Billings
REI Co-op on July 24 will open stores in Gainesville, FL and Billings, MO.
RYU Apparel Postpones Private Placement
RYU Apparel Inc. postponed its previously announced private placement as well as plans to go ahead with a share consolidation.
Hibbett Sports Seeing Comps Surge In Q2
Hibbett Sports said it expects same-store sales to catapult in excess of 70 percent in the second quarter ended August 1, boosted by pent-up demand, stimulus checks and temporary and permanent store closures from competitors.
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