Nike To Debut ‘Rise’ Retail Concept In China
Nike is hoping to climb to greater heights with the debut of its latest retail concept, Nike Rise.
The first of the large-format stores will open July 9 in Guangzhou, China, and it will mark the debut of the sporting goods giant’s fourth retail concept. The others are Nike House of Innovation, its flagship concept in key urban areas such as New York and Shanghai; Nike Live, its new small-format neighborhood concept, and the Nike Factory outlet stores. Read more on WWD
Amazon Joins Retailers In Pulling Washington Merchandise From Its Online Store
The trend to drop Washington Redskins merchandise as the team faces pressure to change its long-maligned name has a new, very large backer.
Online retail behemoth Amazon confirmed to CNBC on Wednesday that it had sent a note to sellers announcing it will pull a variety of Washington products — including jerseys, T-shirts and jewelry — from its store. Sellers reportedly have 48 hours to review and remove products flagged by Amazon.
Per a statement, the products being removed are the ones with the team name and logo. Read more on Yahoo Finance
Brooks Brothers’ Problems Began Before the Coronavirus
Like a lot of men, I used to shop at Brooks Brothers. Founded in 1818, it’s the oldest U.S. clothing brand in continuous operation, and it leans into conservatism, selling suits that look high quality without being terribly noticeable. A Brooks Brothers suit says “I’m a business person,” and when I was first working, that was something I wanted to telegraph. But I stopped shopping there about a decade ago. Since then, some of the long-run trends that caused me to take my business elsewhere made Brooks Brothers financially vulnerable. Now, like J.Crew before it, the coronavirus crisis has tipped the company into bankruptcy. Read more on NYMag