Nike Ranked Most Valuable Apparel Brand For Seventh Consecutive Year
Nike ranked as the world’s most valuable apparel brand for the seventh consecutive year, although its brand value was down 13 percent to US$30.4 billion, according to the Brand Finance Apparel 50 2021 report. Fila was the fastest-growing brand while new entrants Timberland and Converse performed particularly well.
New Balance Announces Sustainability Goals
New Balance announced a range of strategic alliances designed to help support its climate goals and create a healthier planet.
Frasers Group Warns Of £200 Million Pandemic Charge
Frasers Group, the parent of Sports Direct in the U.K. as well as Bob’s Stores and EMS in the U.S., will book a non-cash charge that could exceed £200 million ($274 million) in its 2020-21 results to account for impairment of assets during the latest COVID-19 lockdown.
Race Roster Returns as Title Sponsor Of Running USA Conference
Race Roster will continue its support of the Running USA Industry Conference. The 2022 Running USA Industry Conference will be held in person in February 2022. Event details will be announced in the next few weeks.
Nike’s ‘Satan Shoes’ Lawsuit Ends In Recall
Nike Inc said MSCHF, the Brooklyn-based company that made “Satan Shoes” in collaboration with rapper Lil Nas X, has agreed to voluntarily recall the footwear as part of a legal settlement.
Sneaker Reseller StockX’s Valuation Reaches $3.8 Billion In New Funding Round
StockX LLC said it had notched a $3.8 billion valuation by selling $60 million of new stock and letting some employees sell $195 million of their shares to investors at that price point.
Vibram Announced Executive Leadership Changes
Eric Rosen, a 20-year veteran of Vibram, will retire in April, and in conjunction with his departure, Vibram announces changes to its senior management team.
IBM Consumer Study Points To Potential Recovery Of Retail And Travel Industries
According to the findings of a new global consumer study released by IBM’s Institute for Business Value (IBV), respondents surveyed are mostly confident in the safety, effectiveness, and distribution of the COVID-19 vaccines and indicate a desire to return to ‘normalcy’ after being vaccinated. But different rules, personal preferences, and social norms formed during the last year mean that key industries need to provide more personalized marketing and client experiences to remain competitive and engage successfully with consumers.
Nordstrom Announces Closing Of $675 Million Of Senior Unsecured Notes
Nordstrom Inc. announced the closing of its previously announced offering of $250 million aggregate principal amount of its 2.300 percent senior notes due 2024 and $425 million aggregate principal amount of its 4.250 percent senior notes due 2031.
Foot Locker Releases 2019/20 Impact Report
Foot Locker Inc. released its Impact Report, which describes the company’s efforts to advance its environmental, social and governance (ESG) priorities.
Buckle’s March Sales Triple
Buckle Inc. announced that net sales for the 5-week fiscal month ended April 3, 2021, increased 240.2 percent to $139.4 million from net sales of $41.0 million for the prior year 5-week fiscal month ended April 4, 2020.
VF Corp Opens New Warehouse In Leicestershire
VF Corporation, through its local subsidiary VF Northern Europe Limited, announced it has begun operations at its new multimillion-dollar fulfillment center in Bardon, Leicestershire, England employing approximately 250 people during peak periods.
Nike And Lululemon Gain Ground In Piper Sandler’s Semi-Annual Teen Survey
Nike and Lululemon earned new highs is mindshare while Under Armour’s improved, according to Piper Sandler’s 41st Semi-Annual Generation Z Survey. Adidas fell to No. 5 in clothing mindshare, the brand’s lowest level since Fall 2017.
North Face Innovation Expert To Lead Stanford’s LifeLabs Textile Start-Up
Scott Mellin, who previously served as the innovation leader at The North Face for FutureLight and The Advanced Mountain Kit, has been named CEO of LifeLabs Design, Inc., a Stanford University-supported textile start-up focused on sustainable solutions.
NRF: Retail Import Surge Expected Through Summer
The unprecedented surge of imports at retail container ports that began last summer is expected to continue at least through the end of this summer as retailers work to meet increased consumer demand, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
