Asics Partners With The Mouratoglou Academy
Asics has announced it will become the official tennis footwear and apparel partner of the prestigious Mouratoglou Academy, as part of a multi-year deal.
New Balance Offers Employees Tuition-Free Path To College Degree
New Balance Athletics, Inc. announced an agreement with Purdue University Global that provides a new tuition benefit program for its associates in the U.S.
Nike Expands Partnership With China High School Basketball League
Nike is partnering with the China School Sports Federation [CSSF] to expand the China High School Basketball League [CHBL], increasing the league’s intranational reach, investing in league marketing strategies and providing playing apparel beginning in the 2019-20 season.
Stage Stores Announces Total Company Conversion To Off-Price
Based on the success of the conversion strategy, the company plans to begin converting its remaining department stores in February of 2020, and expects to be operating approximately 700 predominantly small-market Gordmans off-price stores by the third quarter of fiscal 2020.
Nike’s Colin Kaepernick Ad Wins Emmy
Nike’s controversial “Dream Crazy” commercial featuring Colin Kaepernick won the Creative Arts Emmy for Outstanding Commercial.
Skechers Returns To New York Fashion Week
Models walked the runways at seven New York Fashion Week shows this season in Skechers footwear from a selection of the global brand’s stylish collections.
Neiman Marcus CFO Steps Down
Neiman Marcus Group’s Chief Financial Officer Adam Orvos is leaving the company to join another “as a natural progression in his career.”
August Retail Sales Grew 4.1 Percent
Retail sales were up 0.4 percent in August seasonally adjusted from July and up 4.6 percent unadjusted year-over-year, the National Retail Federation said.
Ex-Adidas Consultant T.J. Gassnola Avoids Prison In College Hoops Scandal
Thomas “T.J.” Gassnol, a former Adidas consultant, was sentenced Tuesday to one year of probation after prosecutors credited him with helping secure convictions of three others involved in a college basketball corruption scandal. He faces a one-year supervised release, two months of home confinement and electronic monitoring, along with a $100 fine, according to ESPN.
JD Sports Seeing Modest Improvement At Finish Line
JD Sports reported Finish Line’s comps grew 3 percent in the first half and showed slight improvement in product margins. The sixth JD Sports banner opened in the U.S. with success being found in expanded apparel range. A JD Sports’ Times Square location is scheduled to open in spring 2020.
Kohl’s Announces President Plans to Step Down, Paul Gaffney Named CTO
Kohl’s announced that Sona Chawla will step down from her role as president at Kohl’s in mid-October to pursue new opportunities. Paul Gaffney, most recently at Dick’s Sporting Goods, has been named chief technology officer.
Genesco Raises Full-Year Outlook On Journeys’ Momentum
Genesco Inc. lifted its full-year outlook after reporting a surprise profit in the second quarter. Same-store sales also came out ahead of expectations, led by a 4 percent gain by Journeys Group. Bob Dennis, CEO, said, “We delivered second quarter consolidated results that exceeded expectations across the board.”
Vans Launches Shoe Customization Contest
Vans announced the launch of Global Custom Culture, an interactive shoe customization contest. The competition will award three winners from North America, Asia Pacific and Europe a $25,000 grand prize and have their shoes produced and sold by Vans.
Timberland Commits To Plant 50 Million Trees Over Next Five Years
Timberland announced a new commitment to plant 50 million trees around the world by 2025 as part of its pursuit of a greener future
Zumiez Blasts Past Q2 Guidance
Zumiez Inc. reported second-quarter earnings doubled and came in well above guidance. Comps rose a better-than-expected 3.6 percent in the quarter and ran up 7.1 percent in August.
