Macy’s Inc. reduced its annual profit forecast for the second time this year after reporting its first drop in same-store sales in two years. CEO Jeff Gennette said in a statement.“The sales deceleration was steeper than we expected.”
Category: Footwear
Adidas Launches Retail AR Experience With Eyecandylab
Eyecandylab , which specializes in creating interactive video-triggered augmented reality experiences, has developed a concept with Adidas that brings storytelling and immersive experience within a physical store to a new level. The project raises awareness of Adidas’ sustainably manufactured products made from recycled ocean plastic.
Macy’s Reports Data Breach
Macy’s Inc. on Tuesday said customer data may have been stolen from its website over a roughly one-week period in October.
Channel Signal Report Reveals Common Issues Driving Runners’ Purchases
Channel Signal’s Runner-to-Runner Report reveals the top issues facing buyers of running footwear included shoelaces, out-of-the-box comfort and the ability to add a custom orthotic.
OIA Finds $2.6B Outdoor Industry Impact From Tariffs
The outdoor industry has been hit hard by a tax “avalanche” as new tariff data from Outdoor Industry Association (OIA) indicates that American outdoor businesses have paid an additional $2.6 billion in punitive tariffs over last year, as the trade war with China rages on with no definitive end in sight.
New Balance Signs Dejounte Murray
New Balance has signed San Antonio Spurs guard Dejounte Murray to an endorsement deal with New Balance. Murray joins Kawhi Leonard of the Los Angeles Clippers and Oklahoma City Thunder rookie Darius Bazley.
TJX Lifts Guidance On Q3 Beat
The TJX Companies Inc. raised its guidance for the year as both sales and earnings per share exceeded expectations in the third quarter. The report also shows that the store count for Sierra Trading has grown to 46 from 39 a year ago.
Kohl’s Cuts Annual Profit Guidance On Q3 Shortfall
Kohl’s Inc. reduced its earnings outlook for the year after reporting third-quarter earnings slumped 28 percent and came in below Wall Street’s targets. Same-store sales inched up 0.4 percent in the period.
October Retail Sales Grew 4.2 Percent
Retail sales in October increased 0.2 percent seasonally adjusted over September and were up 4.2 percent unadjusted year-over-year, the National Retail Federation said.
Eddie Bauer Signs Carla Perez And Angela Hawse To Guide And Athlete Team
Eddie Bauer announced the addition of two highly accomplished mountain guides, Angela Hawse and Carla Perez, to its world-class guide and athlete team.
Zappos.com Introduces Goods For Good Platform
Zappos.com announced Goods for Good, a new purpose-driven customer experience that makes it easier and more convenient than ever to shop over 150 eco and socially conscious brands.
Gert Boyle Celebration Of Life To Be Held On December 5
The family of Gert Boyle, former chair of Columbia Sportswear Company, will host a Celebration of Life in her honor on December 5, 2019. The event will be held at Veterans Memorial Coliseum in Portland, OR.
Nike Appoints Thasunda Brown Duckett To Board
Nike Inc. announced that Thasunda Brown Duckett, CEO of Chase Consumer Banking, has been appointed to the company’s Board of Directors. Duckett represents the fourth woman on Nike’s current 14-member board.
Under Armour Disputes WSJ Accounting Irregularities Report
Under Armour Inc. issued a statement in response to a Wall Street Journal article, maintaining that its accounting practices have been “entirely appropriate.”
J. C. Penney Sees Lower-Than-Expected Loss
J. C. Penney Company Inc. reported a loss that was lower than expected in the third quarter and raised its guidance for EBITDA for the year. Same-store sales were down 6.6 percent.
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