PeopleForBikes Ranks Best Places to Bike In The U.S.
For the sixth consecutive year, PeopleForBikes, in partnership with Trek Bicycle, published its ranking of the best cities in the U.S. to cycle. Of the 1,058 cities ranked, the top three for 2022 are Provincetown, MA; Davis, CA; and Fayette, MO.
Nike Seeking To Move Into Smaller Space In Georgetown
Nike has submitted a proposal to the Old Georgetown Board to move to 3235 M Street NW in a space about one-third the size smaller than its flagship location at 3040 M Street NW.
Amazon Appoints New CEO Of Retail Business
Amazon.com, Inc. has named longtime executive Doug Herrington as CEO of its worldwide Amazon store business, formerly Consumer, succeeding Dave Clark, who recently stepped down.
Golden Goose’s Debt Ratings Upgraded
S&P Global Ratings upgraded the debt ratings of Golden Goose as the Italian luxury footwear maker’s revenue and EBITDA increased materially in 2021, thanks to normalizing retail traffic and the company’s continued expansion in the profitable direct-to-customer channel.
Miracle Miles Group Closes $100M Series Funding
Miracle Miles Group, Inc., which owns the Dream Pairs, Bruno Marc and Nortiv8 footwear brands, announced that it has closed a $100 million Series A funding.
Simon Property Group Brings Digital Search To The Mall
Simon Property Group announced the launch of Simon Search, a search platform allowing shoppers to research in-stock products available at participating retailers located within a Simon property.
Macron Forms New Partnership With Oxford United
Oxford United Football Club announced a new partnership with the Italian brand Macron to become its technical kit partner from the start of the 2022/23 season. Macron replaces Puma.
Target Brings Back Deal Days
Target announced that its annual Deal Days event is back for the fourth year in a row running from July 11-13. The three-day event begins the day before Amazon’s Prime Day deals kick-off, and both events end simultaneously.
Amazon Prime Day 2022 Begins July 12
Amazon’s annual shopping event, Amazon Prime Day, will officially kick off at 3AM ET / 12AM PT on Tuesday, July 12th, and run through Wednesday, July 13th, the company announced on Thursday
Fleet Feet To Acquire Marathon Sports
Fleet Feet, the franchisor of locally-owned and operated running stores in the U.S., announced that it has agreed to acquire New England-based running retailer Marathon Sports and its soundRunner and Runner’s Alley brands.
Timberland Treks Into The Metaverse Via Fortnite
Timberland has stepped into the metaverse with the launch of its semiannual Construct: 10061 design program within Fortnite to engage customers in an updated product design process that blends physical and virtual experiences.
Nike And Apple Team Up On Sports Content
Apple has finalized a multi-year first-look feature deal to develop and produce sports films with Nike-owned studio Waffle Iron Entertainment for the Apple TV+ streaming service.
Caleres’ Debt Rating Outlook Revised Upward
S&P Global Ratings revised its rating on Caleres, Inc. to positive from stable. The rating agency noted that Caleres reported stronger-than-expected sales and margin expansion in the first quarter of fiscal 2022 across its two main brands, with sales returning to about pre-pandemic levels, reflecting the strengthening consumer demand.
May Retail Sales Unexpectedly Decline Amid Inflationary Pressures
Retail sales fell 0.3 percent in May from the prior month, the Commerce Department said Wednesday. Economists surveyed by Refinitiv expected sales to rise 0.2 percent. May marked a slowdown from the gain of 0.7 percent in April and the first decline in retail sales in five months.
Nike Concept Store Opens In Hong Kong
UAE retailer GMG announced the opening of a new Nike concept store in Hong Kong. The store is located in the East Point City shopping mall in the Hang Tau district.
