Under Armour Replaces Reebok As Footwear Partner For UFC
Under Armour Inc.’s Project Rock brand featuring former pro wrestler and actor Dwayne “The Rock” Johnson has replaced Reebok as the official footwear partner of UFC, the mixed martial arts organization.
Nike Appoints SNKRS VP To Lead New Virtual Studios Division
Nike announced it had appointed Ron Faris as the VP of its SNKRS app and lead its Virtual Studios, a new division supporting Nike’s latest push into the metaverse.
REI Workers In Manhattan Store Seek To Form Union
Employees at the REI store located in the SoHo district in NYC filed for a union election on Friday, according to a report in The New York Times.
NPD Group: Early 2021 Retail Gains Outpaced Strong Holiday Finish
U.S. consumer spending on general merchandise ended the year up 15 percent compared to 2020 with a 6 percent increase in unit sales. While holiday shopping brought positive retail results, the early part of the year delivered more significant year-over-year gains. The fourth quarter of 2021 contributed 9 percent revenue growth and one percent unit growth over the prior year, according The NPD Group.
Port Of Los Angeles Breaks Cargo Record In 2021, Sets Priorities For 2022
Breaking its previous calendar year record by 13 percent, the Port of Los Angeles processed about 10.7 million Twenty-Foot Equivalent Units (TEUs) during 2021. The milestone, a Western Hemisphere record, was announced by Port Executive Director Gene Seroka in his address at the Pacific Merchant Shipping Association’s Seventh Annual “State of the Port” event held virtually this year.
Inov-8 Makes France A Direct Market; Hires Sales Manager For The Region
UK-based Inov-8 announced its growth plans for France after adding the country to its portfolio of direct European markets. The brand also announced it had appointed Emmanuel (Manu) Fedon as sales manager for France.
Camping World Increases Stock Repurchase Program
Camping World Holdings Inc. announced that its Board of Directors has authorized an increase in its stock repurchase program after which $200 million remains available for the repurchase of the company’s Class A common stock.
NPD Sees Performance Footwear Climb Double-Digits In Fourth Quarter
The NPD Group reported performance footwear sales in the U.S. grew 12 percent in the fourth quarter against the pre-pandemic 2019 fourth quarter. Sales on the same basis of leisure footwear inched up 2 percent while fashion footwear declined 4 percent.
Kohl’s Receives Pressure From Two Possible Suitors
Kohl’s shares are set to surge Monday morning as the department store chain is reportedly fielding interest from two suitors at the same time that it’s grappling with multiple activist investors pressuring it to sell.
ICSC Survey: Holiday Sales Grew 17 Percent
As retail sales grew 17 percent year-over-year in November and December, ICSC’s (International Council of Shopping Centers) 2021 Post-Holiday Survey has found that consumers spent an average of $1,011 this holiday season, with 226 million consumers spending money on holiday gifts.
LVMH Luxury Ventures Invests In Aimé Leon Dore
LVMH, the French-based luxury conglomerate, has invested in New York-based streetwear label Aimé Leon Dore. The minority stake investment was made through its LVMH Luxury Ventures arm, which focuses on investing in emerging labels.
Walmart Appoints New U.S. E-Commerce Chief
Walmart has tapped Tom Ward to lead its e-commerce division after the departure of Casey Carl, according to a company memo as first reported by The Wall Street Journal.
Nike To Close Factory Store In Louisville
Nike closed a Nike Factory Store at Shelbyville Road Plaza in Louisville, KY.
Puma Sees Fourth-Quarter Results Ahead Of Analyst Targets
Puma reported stronger than expected preliminary quarterly sales and core profit as global demand helped offset the effects from the pandemic and supply chain constraints.
WFSGI Appoints Head Of Cycling
World Federation of the Sporting Goods Industry (WFSGI) announced that Michelle Smyth is its new head of cycling.
