Category: Retail Industry (Page 1 of 2)

A Massive Shoe Company Now Opens Two Stores in California

A massive shoe company now opens two stores in California to “elevate retail” and to “engage with the diverse communities”.

Adidas is strengthening its presence in Los Angeles by opening two flagship stores in recent weeks, showcasing its commitment to the local community.

The German athletic brand has launched new locations in West Hollywood and downtown Los Angeles, aiming to serve as both retail hubs and cultural centers that embody creativity, inclusion, and sustainability.

The West Hollywood store, opened in August, is situated at 8428 Melrose Avenue and spans 5,390 square feet.

It features a curated selection of sought-after collections, including Y-3, Stella McCartney, and Adidas Originals, along with performance products tailored to local tastes.

Designed by Adidas’ in-house creative team, the store boasts a sleek, minimalist aesthetic infused with the vibrant energy of Los Angeles.

Its layout includes two distinct areas and “The Lab,” which highlights the brand’s stories and collaborations.

In contrast, the downtown Los Angeles store, which opened on September 12, focuses on the Adidas Originals line and pays homage to the city’s heritage while incorporating modern design elements.

Located at 761 S. Broadway, this two-level store will serve as a community hub, hosting workshops, events, and collaborations with local artists.

The architectural revival beautifully merges historic elements with Adidas’ signature blue branding.

“Los Angeles is a center for culture and a global destination for sports, arts, and entertainment,” said John Miller, president of Adidas North America.

“The city inspires our brand to innovate and create products that resonate with the diverse lifestyles of our consumers.”

These new openings reinforce Adidas’ mission to elevate retail and connect with the diverse communities of Los Angeles.

As part of its long-term strategy, Adidas is developing a new creative division within Adidas Originals called “OG L.A.”

This initiative aims to nurture local talent and highlight contributions to the city’s unique sports and lifestyle culture.

Miller emphasized, “The new flagship stores reflect our deep commitment to the city and its dynamic communities, blending creativity, performance, and sustainability to offer products and experiences that resonate with the culture of Los Angeles.”

These developments align with Adidas’ broader strategy to enhance its U.S. business.

In a recent interview, CEO Bjørn Gulden stressed the importance of connecting with the men’s market and urban consumers, stating, “To be a successful business in America, we need to be ‘more American’ and tailor our approach to fit local markets.”

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Also Read: Michael Jordan’s Flu Game Sneaker Is Now On The Way

Other Footwear News Today

Market News Today - A Massive Shoe Company Now Opens Two Stores in California.
Market News Today – A Massive Shoe Company Now Opens Two Stores in California.

Michael Jordan’s Flu Game sneaker is now on the way according to sources who confirm the memorable footwear is back.

The anticipation surrounding upcoming Air Jordan releases continues to grow, with reports confirming the return of one of Michael Jordan’s most iconic sneakers—the Air Jordan 12 “Flu Game.”

This highly celebrated sneaker is expected to rerelease in spring 2025, adding to the storied history of the Air Jordan line.

The “Flu Game” is famed for its association with Game 5 of the 1997 NBA Finals, where the Chicago Bulls narrowly defeated the Utah Jazz 90-88, taking a 3-2 series lead.

Michael Jordan, battling flu-like symptoms, played a nearly full game despite his illness.

Speculations about food poisoning circulated, but that didn’t hinder his performance; he scored 38 points, including a crucial three-pointer in the final moments.

This legendary display is regarded as one of the greatest moments in NBA history, and the sneakers he wore during that game have similarly earned acclaim.

Originally released in 1997, the Air Jordan 12 “Flu Game” features a striking black-and-red tumbled leather upper.

It saw its first retro release in 2003, followed by a special version in 2009 that used black suede and included nods to Jordan’s memorable performance.

The sneaker’s last appearance in its original form was in 2016.

In addition to the “Flu Game,” other notable Air Jordan 12 releases are on the horizon, including the “Barons” and “Blueberry” styles, along with a return of the classic “Taxi” version in 2025.

According to sneaker insider @zsneakerheadz, the Air Jordan 12 Retro “Flu Game” will be available in full family sizing during its spring release.

While pricing has yet to be confirmed, the model currently retails for around $200, per FN.

Fans eagerly await the chance to add this iconic sneaker to their collections.

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Market News Today - A Massive Shoe Company Now Opens Two Stores in California.
Market News Today – A Massive Shoe Company Now Opens Two Stores in California.

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Michael Jordan’s Flu Game Sneaker Is Now On The Way

Michael Jordan’s Flu Game sneaker is now on the way according to sources who confirm the memorable footwear is back.

The anticipation surrounding upcoming Air Jordan releases continues to grow, with reports confirming the return of one of Michael Jordan’s most iconic sneakers—the Air Jordan 12 “Flu Game.”

This highly celebrated sneaker is expected to rerelease in spring 2025, adding to the storied history of the Air Jordan line.

The “Flu Game” is famed for its association with Game 5 of the 1997 NBA Finals, where the Chicago Bulls narrowly defeated the Utah Jazz 90-88, taking a 3-2 series lead.

Michael Jordan, battling flu-like symptoms, played a nearly full game despite his illness.

Speculations about food poisoning circulated, but that didn’t hinder his performance; he scored 38 points, including a crucial three-pointer in the final moments.

This legendary display is regarded as one of the greatest moments in NBA history, and the sneakers he wore during that game have similarly earned acclaim.

Originally released in 1997, the Air Jordan 12 “Flu Game” features a striking black-and-red tumbled leather upper.

It saw its first retro release in 2003, followed by a special version in 2009 that used black suede and included nods to Jordan’s memorable performance.

The sneaker’s last appearance in its original form was in 2016.

In addition to the “Flu Game,” other notable Air Jordan 12 releases are on the horizon, including the “Barons” and “Blueberry” styles, along with a return of the classic “Taxi” version in 2025.

According to sneaker insider @zsneakerheadz, the Air Jordan 12 Retro “Flu Game” will be available in full family sizing during its spring release.

While pricing has yet to be confirmed, the model currently retails for around $200, per FN.

Fans eagerly await the chance to add this iconic sneaker to their collections.

For more Footwear News and updates like this, join the newsletter or opt-in for push notifications.

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Market News Today - Michael Jordan's Flu Game Sneaker Is Now On The Way.
Market News Today – Michael Jordan’s Flu Game Sneaker Is Now On The Way.

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Massive Retailer Now Wants To Hire 100K People For Holidays

A massive retailer now wants to hire 100K people for the holidays after teasing an assortment that’s 50% larger than last year.

With just 100 days until Christmas and Hanukkah, retail giant Target has announced its holiday hiring and merchandising plans, gearing up for the crucial retail season.

The retailer has maintained its commitment to seasonal hiring in recent years, recognizing the importance of this busy time.

Emily Hebert, Senior Vice President of Field and Operations Human Resources, stated, “The holiday season is a special time at Target, made brighter by our team.

Our team members are essential to delivering Target’s unique shopping experience, which is why we prioritize industry-leading pay, flexible scheduling, comprehensive benefits, and career development opportunities.”

Most of the seasonal positions will be in-store roles, including front-of-store attendants and fulfillment experts responsible for scanning, bagging items, stocking products, and supporting services like order pickup and drive-up, per Retail Dive.

Target plans to assess local demand and prioritize hiring at its nearly 2,000 stores and over 50 supply chain facilities.

Interested applicants can start applying for in-store seasonal jobs online on September 25, while recruitment for supply chain roles is already underway.

The holiday hiring rush is not limited to Target; other retailers like Spirit Halloween, Joann, Bath & Body Works, and Burlington have also announced their seasonal staffing plans.

Kohl’s is set to host a national hiring event on Thursday and Friday, while Macy’s plans a similar event on September 26.

In addition to hiring, Target has unveiled several merchandising initiatives for the holiday season.

The return of Target Circle Week will be accompanied by the “Deal of the Day” promotion, offering exclusive one-day-only deals for Target Circle members starting November 1 and continuing through the holiday period.

Moreover, Target is enhancing its shopping experience by introducing Bullseye Playground sections in nearly 200 stores and online.

These areas will feature Target-themed holiday gifts and branded items, including a giant plush of its beloved dog mascot, with most products priced under $25.

As the holiday season approaches, Target is poised to create a festive shopping environment for its customers while ensuring a robust workforce to meet the increased demand.

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Also Read: A Home Depot Rival Is Now Closing 100 Stores

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Market News Today - Massive Retailer Now Wants To Hire 100K People For Holidays.
Market News Today – Massive Retailer Now Wants To Hire 100K People For Holidays.

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New Amazon Layoffs Will Now Affect 300 Staff In California

New Amazon layoffs will now affect 300 staff in California, as the retail giant prepares to close two major facilities in the state.

Amazon has announced it will not renew leases for its warehouse facilities in Irvine and West Sacramento, California, leading to significant layoffs.

According to spokesperson Sam Stephenson, the closure in Irvine will result in 162 job losses, with the facility set to shut down on November 7.

In West Sacramento, 159 employees will be affected, with the closure effective October 30.

The decision to close these sites is part of Amazon’s ongoing evaluation of its network to ensure alignment with business needs and to enhance both employee and customer experiences.

Stephenson noted that the company is committed to assisting affected employees in finding new roles within Amazon, including opportunities at nearby fulfillment centers.

Amazon has been actively restructuring its operations by closing underperforming sites, upgrading existing facilities, and launching new ones to optimize its logistics network.

Following a period of rapid expansion during the pandemic, the company is now implementing significant cost-cutting measures to address excess capacity in its fulfillment operations, per Retail Dive.

You can search for layoffs in your state here, or follow our layoff news for updates.

Also Read: Cisco Now Profits Billions And Makes Thousands of Unexpected Layoffs

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Market News Today - New Amazon Layoffs Will Now Affect 300 Staff In California.
Market News Today – New Amazon Layoffs Will Now Affect 300 Staff In California.

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Macy’s Is Now Closing 55 Stores By The End of The Year

Macy’s is now closing 55 stores by the end of the year and a total of 150 within the next three years, sources are confirming.

Macy’s has announced plans to permanently close 55 stores by the end of 2024 as part of its ongoing efforts to revitalize its business.

This decision marks a shift from the retailer’s initial plan to close 50 underperforming locations, contributing to a total of 150 store closures over three years.

The specific locations of the soon-to-be-closed stores have yet to be revealed.

Many shoppers have expressed their preference for online shopping over visiting physical stores.

“Many people don’t want the hassle of driving to Macy’s or other stores to go shopping; they’d rather shop online,” said Pam Clinton, a resident of Apple Valley, California.

Despite this shift, some customers still enjoy the in-store shopping experience, particularly at Macy’s and Target.

Macy’s, like many retailers, has faced declining sales due to increased competition from online platforms and changing consumer habits that have led to a disinterest in suburban malls.

Statistics from Business Insider indicate that the number of malls in the U.S. has dropped significantly from around 2,500 in the 1980s to nearly 700 in 2022.

GlobalData Retail analyst Neil Saunders highlighted the challenges facing Macy’s, stating, “The biggest things that have gone wrong at Macy’s are the quality of the stores and the product assortment.

Over the years, customers have deserted it, sales have tumbled, and store productivity has gone down.”

California hosts the highest number of Macy’s locations, with 88 stores statewide and nearly 500 across the U.S.

Macy’s CEO Tony Spring noted during a recent earnings call that while the stores being closed are underperformers, they represent valuable real estate assets, and demand for these properties remains strong.

Macy’s continued its presence in the High Desert region with the opening of a store at the Mall of Victor Valley in March 2013, following the bankruptcy of Gottschalks, which had previously occupied the space.

Before this, local residents had to travel to San Bernardino or Rancho Cucamonga to shop at Macy’s.

As Macy’s navigates these closures, the company aims to adapt and thrive in an evolving retail landscape.

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Also Read: A Struggling Gas Station Chain Now Files An Unexpected Bankruptcy

Other Economy News Today

Market News Today - Macy's Is Now Closing 55 Stores By The End of The Year.
Market News Today – Macy’s Is Now Closing 55 Stores By The End of The Year.

A massive rental company with 34k locations now shuts down its operations after filing for bankruptcy and 22 years in business.

Users of movie rental company Redbox were left saddened after it was announced that it would be shutting down operations.

The announcement comes after the rental company’s parent company, Chicken Soup for the Soul Entertainment, filed for Chapter 11 bankruptcy.

According to court documents obtained by the Washington Post, the Connecticut-based company claimed to be one billion dollars in debt.

As a result, Redbox, which was a staple of many grocery stores including Walgreens, and CVS will be shuttered.

Many fans took to social media to express how upset they were with the loss.

“I knew it was coming, sadly,” UltraVada wrote in a post on X, formerly Twitter.

“It was inevitable,” a second person mourned.

“I knew this would happen when I heard they filed for Bankruptcy but its still sad to hear. I have a lot of fun memories of Redbox,” a third person lamented.

“I still don’t think this will be or ever be the end of physical media as we do still get remasters of some movies in 4k/Bluray.”

One person revealed that they had forgotten the rental service had existed.

Some users were not surprised by the announcement.

“Not surprised since nobody really rents videos anymore with the rise of streaming and what not,” one user admitted.

“Also kinda remember getting into a feud with them on here.”

One user also pointed out that the last remaining Blockbuster, located in Bend, Oregon, managed to outlive Redbox.

Redbox was acquired by Chicken Soup for the Soul Entertainment (CSSE) in 2022 and became one of the company’s flagship video-on-demand streaming services.

At its peak, CSSE operated more than 20,000 DVD rental kiosks across the country.

The company’s filing means that the company’s more than 1,000 employees will be laid off, per The Wall Street Journal.

It was also reported by Deadline that many employees at CSSE hadn’t received their paychecks and had medical benefits cut in late June.

Also Read: This Massive Mall Retailer Is Now Closing In California

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Market News Today - Macy's Is Now Closing 55 Stores By The End of The Year.
Market News Today – Macy’s Is Now Closing 55 Stores By The End of The Year.

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