JCPenney Makes Executive Hires
J. C. Penney Company appointed Steve Whaley as senior vice president, principal accounting officer and controller; Laurene Gandolfo as senior vice president for home product design and development; and Trish Adams as a strategic advisor to support the company`s transformation.
North Face Launches Program To Make Earth Day A National Holiday
The North Face has launched a petition to make Earth Day a national holiday, to give people time to connect with each other and the world around them.
JD Sports Off To Strong Start In U.S.
So far so good for Finish Line under its new owner, JD Sports. JD Sports said Finish Line’s comps were up 7 percent in 2018 with sales trends improving as the year progressed. The first JD stores to land in the U.S. are also seeing encouraging initial results.
PeopleForBikes + Bicycle Product Suppliers Association To Merge
In a joint letter, BPSA (Bicycle Product Suppliers Association) and PFBC (PeopleForBikes Coalition) said both of the organization’s “almost unanimously” approved a merger.
NFL Flag-In-Schools Program Enters Fifth Year
The NFL, USA Football, GENYOUth and Fuel Up to Play 60 announced the fifth year of the NFL Flag-In-Schools Program, which aims to increase physical activity among youth by providing Flag football resources to underserved school communities.
Will Tiger Wood’s Victory Lift The Golf Industry?
Tiger Woods’ first major win in 11 Years and first Masters win since 2005 earned quick attention to his best-known sponsor, Nike, but some see it possibly helping to boost the overall golf industry.
BSN Sports Acquires Rochester’s Valenti Sport
BSN Sports, the nation’s largest direct marketer and distributor of sporting goods to the school and league markets and a division of Varsity Brands, announced that it has acquired Rochester-NY based Valenti Sports.
Nike Close To Extending Paris Saint-Germain Deal
Nike is close to extending its kit supplier partnership with Paris Saint-Germain (PSG).
JD Sports Sees Sales Vault 49.2 Percent In 2018
JD Sports Fashion Plc, the U.K.-based athletic footwear giant that acquired Finish Line last year, reported profits before taxes rose 15.5 percent in its year ended February 1 on a 49.2 parent revenue gain.
Academy’s Struggles Continued In 2018
In an update, Moody’s Investors Service confirmed the debt ratings and outlook of Academy, Ltd., the parent of Academy Sports & Outdoors, while also indicating that the retailer’s financial performance continues to erode. The report noted that Academy’s comps declined in the mid-single-digit range and EBITDA declined 12 percent in 2018.
Foot Locker Opens In Singapore Airport
Foot Locker Inc. opened its fourth door in Singapore. Located in Jewel Changi Airport, the two-story space has a dedicated women’s and kids’ area.
Fanatics Partners With Washington Redskins
The Washington Redskins and Fanatics announced a 10-year, omnichannel partnership, allowing the company to lead all online and retail store operations for the team.
Puma To Become Official Partner Of LaLiga
Puma has entered into a long-term agreement to replace Nike as the Official Technical Partner of the Spanish football league, LaLiga. Starting from the 2019/20 season, Puma will produce the official match ball for all games.
Zappos To Open Fulfillment Center In Louisville
Zappos is opening a 325,000-square-foot fulfillment center and retail outlet at 9101 Minor Lane in Louisville, KY. which will grow the company by more than 100 new employees over the next two years.
Asics Launches Program To Support Startups
Asics announces the launch of Asics Accelerator Program, a business partnership acceleration program, for startups. The program seeks ideas from startups for products, services, and contents that would contribute to business opportunities in 2020.
