Mountain Equipment Co-op (MEC), which operates 21 stores across Canada, has laid off a number of retail employees it formerly furloughed as it faces challenges managing during the pandemic.
Category: Footwear
Scheels Opens Store In Eden Prairie
Scheels on Saturday opened a two-story, 250,000-square-foot store at Eden Prairie Center at Eden Prairie, MN, replacing a smaller store.
REI Undergoes Layoffs At Store Level
REI will reduce its staff by about 400 employees across its 162 stores, according to a report from Kent Reporter.
Yue Yuen’s June’s Sales Slumped 11 Percent
Yue Yuen Industrial (Holdings) Ltd. reported sales in June reached $724.6 million against $810.5 million, representing a decline of 10.6 percent.
Retailers Say Credit Insurance Plan Could Increase Liquidity During Pandemic Downturn
The National Retail Federation welcomed a report released this week calling for a federal backstop for trade credit insurance, saying the proposal could help provide liquidity badly needed by retailers as they recover from the recession brought on by the coronavirus pandemic.
NRF Delays NYC Big Show Until June 2021, Adds January Virtual Event
The National Retail Federation announced its annual exposition and conference will take place in-person at the Jacob Javits Convention Center in New York City June 6-8, 2021. In addition, NRF is hosting a virtual event January 12-14, 19 and 21-22, 2021. Both events will feature the theme “Forward Together.”
Venum To Replace Reebok As UFC Partner
UFC, the mixed martial arts organization, announced that Venum, the maker of combat sports apparel and accessories, will become UFC’s new exclusive global outfitting and apparel partner starting in 2021. The deal will take effect in April 2021 after the current deal with Reebok expires.
J.C.Penney Seeks More Time To Negotiate With Lenders
J.C.Penney submitted its business plan to lenders, but is asking Texas bankruptcy court for more time to continue negotiations with lenders on a restructuring plan.
Big 5 Sees Robust Q2 Profit Turnaround Despite Comps Decline
Big 5 Sporting Goods released upbeat preliminary results for the fiscal second quarter ended June 28. The company said it expects earnings per share of 52 cents to 54 cents for the quarter, including a benefit of 15 cents related to rent abatements and litigation recovery, compared with breakeven EPS a year ago.
Nike Launches Nike Rise Concept Store In Guangzhou, China
Nike launched a new Nike Rise retail concept in Guangzhou that promises a curated “1-to-1, personalized shopping journey that connects consumers to sport, their communities and one another.”
RIA’s KICK On-Demand Event Starts Tuesday
The Running Industry Association’s (RIA) virtual buying show, KICK On-Demand will kick off this Tuesday, July 14th. Eight live sessions are scheduled for the first week.
Costco’s U.S. Same-Store Sales Climb 11 Percent In June
Costco Wholesale Corp. said its June sales rose 11 percent to $16.2 billion, from $14.6 billion in June 2019. Same-store sales rose 12 percent, including an 11 percent increase in U.S. same-store sales.
The Buckle’s Sales Jump 27 Percent In June
The Buckle, Inc. announced that total net sales for the 5-week fiscal month ended July 4, 2020 increased 26.8 percent to $94.8 million from net sales of $74.8 million for the prior year 5-week fiscal month ended July 6, 2019.
Snipes USA Announces New President
Snipes has appointed Jim Bojko as president of Snipes USA. In this role, Bojko is responsible for leading the U.S. operations of the international sneaker and streetwear retailer as it continues to expand the brand across the United States.
Under Armour Partners With Eastern Mennonite University
Eastern Mennonite University in Harrisburg, PA announced that it has entered into a five-year partnership with Under Armour through BSN Sports.
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