
Nike's pilot programme to sell certain products on Amazon and Instagram is a precursor to it forging a deeper relationship with online retailers, and could hit sales at sporting goods retailers such as Foot Locker Inc .
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Nike's pilot programme to sell certain products on Amazon and Instagram is a precursor to it forging a deeper relationship with online retailers, and could hit sales at sporting goods retailers such as Foot Locker Inc .
The menswear company closed its store in Plaza Las Americas last week, following the closing of location in Barceloneta. The retailer still has one Puerto Rico store at the Mall de San Juan.
Nike Inc's shares rose as much as 2 percent after Goldman Sachs said the world's biggest sportswear maker could be close to selling directly on Amazon.
According to analyst Sam Poser from SIG Susquehanna Financial Group, Under Armour's expansion into the discount retailer channel won't make up for its Q1 2017 losses.
Bufano will resign at the end of her contract on August 25, 2017 and will be succeeded by Tracy on the same day. The company also named Chad Stauffer the EVP, Chief Merchandising Officer.
In an oversight of retail planning, Under Armour's Kohl's deal is effectively causing product to be sold cheaper at Kohl's compared to other retailers, and is also not helping to improve UA's image as a lifestyle brand.
British sportswear retailer Sports Direct has entered the U.S. market by buying 50 stores trading as Bob's Stores and Eastern Mountain Sports at a cost of $101 million (£78.94 million), in a move criticised by analysts.
Investment firm Wedbush Securities has given Under Armour a neutral rating, citing the company's failure to jump on board the athleisure trend as a source of weakness.
The Connecticut-based company plans to close a number of stores as part of a deal with Sports Direct. The UK-based sporting goods retailer is analyzing the performance of Eastern's stores to decide which to acquire.
Retail jobs fell by 29,700 in March, with fashion retail jobs falling by 5,800 and department stores dropping by 12,600. The US added 98,000 jobs in March, which missed the expectation of 180,000 jobs.