Target reported same-store sales were up 1.4 percent for the holiday season, below the chain’s forecast of 3 to 4 percent growth and well below holiday 2018’s 5.7 percent comp performance.
Category: Footwear
Gap Inc. No Longer Pursuing Separation Of Old Navy
Gap Inc. announced that the company no longer intends to separate Old Navy into a standalone public company. The company also announced that Neil Fiske, president and CEO of Gap brand, will leave the company.
Emerald Expositions Appoints CFO
Emerald Expositions Events Inc., the parent of Surf Expo, Outdoor Retailer and other trade shows, announced that David Doft will become its chief financial officer.
Industry Groups Welcome USMCA Trade Deal Signing
OIA, NRF, AAFA and FDRA were among the trade associations that welcomed Thursday’s Senate passage of the U.S.-Mexico-Canada (USMCA) Agreement.
Payless ShoeSource’s New Team Looks To Return To U.S. Retailing
Payless ShoeSource announced that it has emerged from bankruptcy proceedings, appointed a new executive management team, and plans to re-open stores in the U.S.
Michael Avenatti, Facing Nike Trial, Arrested In California
Michael Avenatti, the celebrity lawyer accused of extorting Nike for up to $25 million, was arrested Tuesday evening while appearing before the State Bar Court in Los Angeles. A Los Angeles judged ruled Wednesday that he will remain in jail after prosecutors alleged he continued to commit financial crimes while out on bail.
Vans Opens Indoor Skate Park In Brooklyn
Vans opened a new indoor park, Skate Space 198, in the Bushwick section of Brooklyn, NY.
Canadian Tire Appoints CFO And New Leader Of Banking Unit
Canadian Tire Corporation Limited announced two senior executive appointments: Gregory Craig as executive vice-president and chief financial officer (CFO), CTC; and Mahes Wickramasinghe as president, Canadian Tire Financial Services (CTFS) and president and CEO, Canadian Tire Bank.
Industry Groups Welcome Phase One Trade Deal Signing
A number of retail and industry groups – including OIA, NRF, FDRA, AAFA and RILA – welcomed the signing of the phase one trade deal between the United States and China. Many renewed calls for the administration to promptly conclude a phase two deal to lift all punitive tariffs.
Rates Keep Rising At Western Mountain Resorts
Generous snowfall and good slope conditions throughout most of the U.S. western resorts along with less than ideal conditions in other regions is helping to buoy lodging rates even as occupancy figures continue to slip, according to DestiMetrics’ monthly Market Briefing from Inntopia.
PGA Tour Superstore To Open Three Stores This Spring
PGA Tour Superstore said it will open three new stores this spring: East Hanover, NJ, Palm Beach Gardens, FL, and Columbus, OH; and is looking to open additional stores later in the year.
Jim Pisani Steps Down As Timberland’s President
VF Corporation announced that Jim Pisani has decided to step down from his role as global brand president, Timberland. He plans to move to the Midwest U.S. to be closer to his family.
Adidas Continues Share Buyback Program With Third Tranche
Adidas announced the start of the third tranche of its current multi-year share buyback program initially announced in March 2018 and intends to repurchase own shares worth up to €1.0 billion in 2020.
Nike Donates $5 Million To Create Athletic Facility At Obama Presidential Center
The Nike Foundation made a $5 million contribution to help build an athletic facility at the planned Obama Presidential Center on the south side of Chicago. It will be the first presidential center to feature an athletic facility.
K-Swiss Signs Rising Tennis Stars
K-Swiss announced it has signed both Ajla Tomljanovic and Cameron Norrie to endorsement pacts. Tomljanovic had been with Nike while Norrie was sponsored by Ellesse.
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