SGB Update Apparel
Adidas Partners With Florida A&M University
Adidas has replaced Nike as the athletics sponsor of Florida A&M University.
Puma Appoints Creative Director
Puma has appointed June Ambrose, Jay-Z and Missy Elliott’s longtime stylist, as the brand’s new creative director.
Accenture Holiday Shopping Survey: Most U.S. Shoppers Want Retailers To Close On Thanksgiving Day
Three-quarters (76 percent) of the more than 1,500 U.S. consumers surveyed said they want retailers to close on Thanksgiving Day, according to findings of the 14th annual Accenture Holiday Shopping Survey.
In-Store Holiday Traffic To Drop By 25 Percent, According To Sensormatic Solutions
Sensormatic Solutions’ annual ShopperTrak list predicts in-store traffic for the six weeks of the holiday season to be down between -2 percent and 25 percent year-over-year. Sensormatic said the typical holiday traffic peaks will flatten, with more days sharing importance throughout the season.
Levi Strauss Introduces Denim Buy-Back, Resale Program
Levi Strauss has launched SecondHand.levi.com, an online store that features secondhand clothing that will be sourced, in large part, from its customers.
Adidas Launches Football Collective
Adidas launched the Adidas Football Collective, a program designed to provide more access to sport and positively impact communities.
USTR To Investigate Vietnam’s Trade Policies, Practices
At the direction of President Trump, the Office of the U.S. Trade Representative (USTR) initiated an investigation into Vietnam’s acts, policies and practices related to the import and use of timber that is illegally harvested or traded and those that may contribute to the undervaluation of its currency and the resulting harm caused to U.S. commerce.
Nike Leads List Of World’s Most Marketed Brands
Nike derived $461.9 million in total sponsorship value from nearly 12,000 promoters and 5.56 billion social media engagements in the 12 months through August. 1 2020, topping SportsPro’s inaugural list of the World’s 50 Most Marketed Brands powered by Hookit.
Kering Further Trims Stake In Puma
Kering is selling about 8.8 million shares that it owns in Puma, representing 5.9 percent of the share capital of Puma, through a placement to qualified investors.
NRF Chief Economist Sees Holiday Sales Depending On ‘Wildcard Puzzle Pieces’
Consumer spending has felt a recovery from the coronavirus pandemic more quickly than forecasted, but in looking ahead to 2020 holiday sales, the forecast resembles a jigsaw puzzle without all the pieces, National Retail Federation Chief Economist Jack Kleinhenz said in a statement.
OIA Praises Passage Of America’s Conservation Enhancement Act
The Executive Director of the Outdoor Industry Association (OIA), Lise Aangeenbrug, applauded the passage by the House of Representatives “America’s Conservation Enhancement Act” legislation reauthorizing wetlands conservation and officially establishing the National Fish Habitat program and that addresses threats from invasive species and chronic disease.
Jack Wolfskin Appoints Chief Financial Officer
Jack Wolfskin, which is owned by Callaway Golf, has appointed André Grube as its new CFO.
S&P Sees Slow Recovery Ahead For Neiman Marcus
S&P Global Ratings rated a ‘CCC+’ issuer credit rating on Neiman Marcus, with a negative outlook. S&P said the luxury chain emerged from bankruptcy and lowered its funded debt, but faces a challenging path to recovery from the ongoing secular pressures that the COVID-19 pandemic has amplified.
Iconix Completes Sale Of Starter China
Iconix Brand Group Inc. said in a regulatory that it has completed the sale of Starter China Limited for $16.0 million. The Starter China sale includes the sale of the Starter brand in the mainland of China, Hong Kong, Taiwan and Macau.
MLB Flagship Store Opens In NYC
Major League Baseball opened the MLB Flagship Store, located at 1271 Avenue of the Americas in midtown Manhattan in a partnership with Legends. The location marks the league’s first permanent MLB retail store in the U.S.
