With physical distancing precautions still in place across the country, Fleet Feet announced its fourth annual Global Running Day event. The Big Run will take place virtually this year. Shifting names to My Big Run, the June 3 Global Running Day initiative will take place in partnership with Brooks.
Category: Footwear
Survey Finds Runners Hesitant To Return To Running In Groups
According to a survey of runners from the Road Runners Club of America (RRCA), 60 percent are comfortable running with five or fewer people once a return to larger group running is permitted. Fifty-one percent are comfortable with 10 or fewer runners, but the percentage of comfort drops significantly when group runs start to see 20 or more participants.
Yue Yuen’s April Sales Decline 19 Percent
Yue Yuen Industrial Ltd., the world’s largest sports footwear manufacturer, reported April’s revenues were down 19.1 percent. Pou Sheng International Ltd., the retail subsidiary of Yue Yuen, saw an 11.2 percent decline.
Arc’teryx Equipment Appoints Katie Becker As First VP Creative
Arc’teryx Equipment has named Katie Becker as the brand’s first VP creative. Becker joins Arc’teryx after a 12 plus year career with Adidas, where she recently served as senior global design director.
Nike Tops Stage Stores’ Unsecured Creditors List
Nike Inc. was left with the largest unsecured claim in the bankruptcy filing of Stage Stores. Skechers, Adidas and Columbia Sportswear were also among the Top 20 unsecured creditors.
Report: Penney Bankruptcy Possible This Week
J.C. Penney is preparing to file for bankruptcy and plans to close about 200 of its 850 locations, Reuters reported.
Study Finds Shoppers Still Don’t Feel Safe Trying On Apparel In Stores
As stores reopen across the country, a recent study by First Insight found that the majority of consumers (54 percent) are ready to buy apparel in-store, followed by home improvement (36 percent) and footwear (32 percent).
Genesco Inc. Provides Store Reopening Plan Update
Genesco Inc., the parent of Journeys, provided details on store reopening plans as well as business updates in response to the COVID-19 pandemic.
Under Armour’s Q1 Revenues Tumble 23 Percent
Under Armour, Inc. reported sales fell 23 percent in the first quarter with approximately 15 percentage points of the decline related to COVID-19. The loss came to $589.7 million after restructuring charges in the first quarter, and the loss before charges was below Wall Street’s target.
Belk Reopens Additional Stores Across The South
Belk announced it will continue to open stores across its 16-state footprint following temporary closures due to COVID-19. On May 8, stores in Florida, Texas, Alabama and Mississippi opened. North Carolina stores will officially open on May 11.
Nordstrom Reveals Locations Of 16 Stores To Close
Nordstrom provided a list of 16 full-line stores it plans to close. On May 6, Nordstrom announced plans to permanently close 16 of its 116 full-line stores and announced other additional actions to increase flexibility and agility in response to COVID-19.
DSW To Implement Store Safety Measures
DSW announced it will implement sterilization procedures and safety measures as it starts to re-open almost 200 stores in the U.S. and Canada.
Stage Stores Files For Bankruptcy
Stage Stores Inc. filed for bankruptcy protection. The company will simultaneously solicit bids for a going concern sale of the business or any of its assets and initiate an orderly wind-down of operations. The company will terminate the wind-down of operations at certain locations if it receives a viable going-concern bid.
Tilly’s Q1 Revenues Drop 41 Percent
Tilly’s Inc. reported sales in the first quarter fell 41 percent due to COVID-19-related store closures despite a 55 percent hike in online sales. The action sports retailer also announced certain store reopening plans and provided other business updates, including plans to withhold rent payments for April and May.
Former Nike Sustainability Exec Joins Higg Co.
Higg Co., a developer of sustainability measurement tools, has hired former Nike executive, Del Hudson, as the company’s new VP of marketing and communications.
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