Nike Partners With Google’s Shopping Actions Platform
Nike joined Best Buy and Sephora in becoming the latest retailers to leverage Google Shopping Actions program.
Sears Releases Initial List Of Stores To Close In Bankruptcy Proceedings
Sears Holdings announced the list of the 142 stores it initially plans to close in bankruptcy proceedings. Liquidation sales are expected to begin within two weeks. The closings are on top of 46 store closings announced in August. The company has 687 stores remaining, including Kmart locations. The 142 stores to close include: Kmart Arkansas 2821 […]
Von Maur Plans Seventh Store In Illinois
Von Maur Department Store announced plans to open a 130,000-square-foot store at Orland Square in Orland Park, IL. Scheduled to open fall 2019, the store will be the company’s seventh location in Illinois.
Nine West Holdings Files Amended Plan Of Reorganization
Nine West Holdings Inc. announced that the company filed an amended chapter 11 plan of reorganization and related disclosure statement with the United States Bankruptcy Court for the Southern District of New York.
Hibbett Sports Takes Red Cross Donations During Hurricane Michael Aftermath
Hibbett Sports announced support of the American Red Cross in Hurricane Michael relief efforts by accepting donations at more than 484 Hibbett Sports stores throughout the southeast.
Foot Locker To Introduce House Of Hoops Pop Ups At NBA Arenas
Foot Locker, in partnership with Nike, will be opening mobile House Of Hoops pop-up shops that will periodically open near NBA arenas during the season. The retailer also released “The Hunt” augmented-reality feature on the Foot Locker app that will enable sneaker heads to go on scavenger hunts to find Nike exclusives.
Vans Begins Journey To $5B In Style By Driving VF Corp.’s Strong Q2
The path that Vans will travel en route to $5 billion in annual revenue by 2023 is sure to be strewn with economic headwinds and market deviations along the way, but the action lifestyle brand is kicking off its quest toward that ambitious destination in style. Vans revenue grew 26 percent in the second quarter ended September 29, boosting parent company VF Corp.’s revenue 15 percent to $3.9 billion for the period.
The North Face Sees Lifestyle Offerings Driving Q2 Momentum
With continued over-sized growth for The North Face in the EMEA region and some improvement in the Americas in the second quarter due to strengthening demand for lifestyle apparel offerings, VF Corp. slightly raised the company’s sales outlook for the outdoor brand for the current fiscal year.
Timberland’s Struggles Continue In Q2
Timberland saw a small sales decline in the second quarter ended September 30 due to the impact of a customer bankruptcy in the workwear channel and the timing of shipments. VF Corp., the brand’s parent, still expects Timberland to show a gain of 2 to 4 percent in fiscal 2019.
Aisle Talk Week of October 15
Top headlines from the active lifestyle industry you may have missed this week, including Mammut North America—a division of Swiss-based Mammut Sports Group AG—parting ways with the company’s managing director, Joe Prebich (pictured), for undisclosed reasons.
Skechers Seeing Boost From Chunky Shoe Trend
Shares of Skechers USA rose $3.60, or 13.8 percent, to $29.72 Friday after the company reported earnings topped guidance in the third quarter, thanks to tigher cost controls. A healthy bounce-back was also predicted for the fourth quarter, led by a return to growth in the company’s domestic-wholesale segment with the help of robust demand for the brand’s D’Lites chunky style.
VF Corp. Lifts Guidance On Q2 Beat
VF Corp. raised the company’s earnings and revenue guidance for the year after reporting earnings in the second quarter ended September 29 that easily topped Wall Street’s guidance.The quarterly sales gains were again led by Vans, which jumped 26 percent. The North Face’s revenues grew 5 percent.
Goat Announces Lakers’ Kyle Kuzma As Brand Ambassador
Goat, the marketplace for sneakers, announced a partnership with the Los Angeles Lakers’ Kyle Kuzma as the company’s first Brand Ambassador. The 2018 All-Rookie First Team select will represent Goat on and off the court throughout the NBA season.
Puma Signs DeMarcus Cousins
Puma has officially signed DeMarcus Cousins of the Golden State Warriors after Nike declined to exercise the company’s match rights according to ESPN.
Nike’s CIO Joins Merck & Co
Jim Scholefield, Nike Inc.’s global CIO, is joining Merck & Co. as chief information and digital officer, effective October 29.
