TRE 2017 Draws Record Retail Attendance
A total of 2,629 industry professionals attended the conference and trade show in Austin, TX, representing a 3.5 percent increase in total attendance over 2016.
Agenda Partners With Dew Tour
The annual Summer Dew Tour, presented by Mountain Dew and produced by TEN: The Enthusiast Network, announced that it has synchronized dates in Summer 2018 with Agenda, the action sports fashion trade show, to create “the ultimate action sports weekend” in Long Beach, Calif., from June 28-July 1.
NRF Urges House And Senate To Give Final Approval To Tax Reform
The National Retail Federation urged the House and Senate to approve a final version of tax reform legislation set for a vote today, saying the measure will boost the nation’s economy and make the United States more competitive in the global economy.
Bridgedale Donates More Than 5,000 Socks To Homeless
Bridgedale Outdoor Ltd, the producer of performance socks, has donated 5,300 Merino Hiker socks to the nonprofit organization Knock Knock, Give a Sock (KKGS). The socks will be distributed to thousands of people in the New York City area who are affected by homelessness throughout this winter season.
Adidas NEO Launches Interactive Campaign With Jackson Yi English
Adidas NEO officially announced Jackson Yi to be their new celebrity endorsement. Following the 27th November announcement that Jackson Yi will be brand’s first-ever International Youth Creative Ambassador, Adidas NEO launched three major online and offline interactive marketing activities, which each instantly became a sensation on social media.
Shoe Carnival Announces New $50 Million Share Repurchase Program
Shoe Carnival Inc. announced that its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2018.
Sports Zone Follows Sheikh Shoes To Bankruptcy Court
Sports Zone Elite, the sneaker chain in Washington, DC and Maryland, became the second retailer in the last month to find its dependence on Nike to be a blessing during good times and a liability during more difficult ones.
Sports Zone Elite Files For Bankruptcy
The filing was blamed a sales slump during the 2008 recession, a failed expansion effort and challenges securing shipments from its largest supplier, Nike.
Buckingham Raises Price Target On Nike
Buckingham wrote in a note that by the second half of its fiscal year, Nike should see healthier sales from new product launches, fewer products selling at markdowns overall in the marketplace, and a benefit for a change from foreign exchange fluctuations.
Cherokee’s CFO Plans To Resign
Cherokee Global Brands announced the resignation of Jason Boling as chief financial officer effective January 31, 2018, and the appointment of Steven Brink.
Nike Extends Deal With Sport Club Corinthians Paulista
Nike renewed and extended its sponsorship of Brazil’s soccer club, Sport Club Corinthians Paulista, until 2029.
HanesBrands Favorably Amends Senior Secured Credit Facility
The amended credit facility reduces interest rates, increases capacity, and increases the flexibility of the facility’s indebtedness, investment and restricted payments baskets, and leverage-ratio requirements.
Report: Rockport Exploring Financial Alternatives
Rockport is exploring financial alternatives, including a debt refinancing or an equity infusion that may lead to a sale, sources told Reuters.
Saucony Sponsors Molly Huddle To Run Boston Marathon
Saucony announced that Molly Huddle, two-time Olympian and three-time winner of the Boston Athletic Association (BAA) 5K, will make her Boston Marathon debut at the 122nd edition of the race on April 16, 2018.
Sports Direct’s U.S. Operations Lands In Red In First Half
Sports Direct reported underlying EBITDA in its U.S. Retail segment, including Eastern Mountain Sports and Bob’s Stores, showed a loss of £23 million due in large part to impairment charges.
