Target will permanently raise its starting wage for U.S. employees to $15 per hour, commencing July 5, 2020. The move was announced with a range of updates and extensions to its pay and benefits programs.
Category: Footwear
Emerald Releases Preparedness, Prevention And Response Plan
Emerald Holding, Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced its commitment to providing an elevated standard of health and safety protocols in preparation for the anticipated reopening of the company’s live events.
Liquidation Sales Begin At 137 J.C. Penney Locations
A team of disposition firms consisting of Gordon Brothers, Hilco Merchant Resources, Great American Group, and Tiger Group announced that they have commenced store closing sales at 137 J.C. Penney Company Inc. stores. The closures are the Company’s first step in implementing a planned store optimization strategy after filing for bankruptcy last month.
Designer Brands Q1 Sales Drop 45 Percent
Designer Brands Inc., the parent of DSW, reported a loss in the first quarter ended May 2 of $215.9 million that included pre-tax charges totaling $112.3 million covering impairment charges, integration and restructuring expenses and COVID-19 incremental costs. Revenues were down 44.7 percent despite a 25 percent hike in online sales. The Company has reopened approximately 90 percent of its total store base.
Cat Footwear Appoints VP Of Marketing
Cat Footwear, owned by Wolverine Worldwide, appointed Kelly Ballou as its VP of marketing.
2020 U.S. Open To Be Held Without Fans
The 2020 US Open is set to be played at the USTA Billie Jean King National Tennis Center in Flushing Meadows, NY on its originally scheduled dates of August 31 to September 13 although no fans will be on-site.
Senate Passes Great American Outdoors Act
The U.S. Senate voted 73-25 to passed the bipartisan Great American Outdoors Act, landmark conservation legislation that fully funds the Land and Water Conservation Fund (LWCF) at a level of $900 million every year and addresses the approximately $20 billion maintenance backlog on federal public lands.
RIA Announces Initial Brand Lineup For Kick On-Demand
The Running Industry Association’s (RIA) has announced the initial brand lineup for its virtual buying show, RIA Kick On-Demand. As of Wednesday, June 17, the show will feature over thirty footwear, apparel and accessory brands including Brooks, Asics, Altra, Nike, and Saucony.
Vans Opens First Official Building In Japan
Vans has opened the first Vans building in Japan. The three-floor building located at the center of Harajuku, Tokyo, comprised multiple zones of different product ranges.
Apex Global Brands Shrinks Q1 Loss
Apex Global Brands, the parent of Hi-Tec, Cherokee and Tony Hawk, narrowed its loss in the first quarter despite a revenue decline due to the non-renewal of certain license agreements along with the impacts of COVID-19. The company received an extension of its forbearance agreement with its lenders, including a suspension of interest and principal payments.
Converse Signs First Female Basketball Player
Converse signed Natasha Cloud, the star guard of the Washington Mystics guard. She becomes the first female basketball player to ever ink a deal with the storied athletic brand.
Wigwam Mills Sued By Terminated CEO
Wigwam Mills Inc. has been sued by its former CEO for issues stemming from his April termination from the company.
Adidas VP Joins Cole Haan
Cole Haan Inc. appointed Andrew Rudolph as senior vice president, North American wholesale sales. Rudolph was vice president, wholesale sales USA at Adidas Group.
Dick’s SG Launches Two New Concept Stores
Dick’s Sporting Goods said it will be expanding its nationwide footprint with the opening of two new concept stores – Overtime by Dick’s Sporting Goods and Dick’s Sporting Goods Warehouse. With these openings, Dick’s will have 11 outlet and clearance centers open in nine different states.
May Retail Sales Improve Dramatically Over April, Still Below Last Year
Retail sales rose dramatically in May as retailers and other businesses closed by the coronavirus pandemic began to reopen, but remained well below spending levels seen during the same period a year ago, the National Retail Federation said.
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