In The News: Twisted-X, OR Show, JD Sports, October Retail Sales
Twisted-X is launching a no-glue line of shoes called Zero-X. Three years in the making, the Zero-X footwear collection uses a proprietary interlocking, double-stitching system, eliminating 75 percent of the harsh environmental issues created with traditional footwear, according to the brand. Lightweight and breathable, Zero-X footwear styles also feature ecoTWX uppers, created from an average of 13 recycled plastic water bottles salvaged from oceans and landfills. A tree will be planted with every pair sold. The Zero-X line will include four styles for men and four styles for women, with full distribution coming in February of 2021.
Registration is now open for Outdoor Retailer Winter Online. Outdoor Retailer’s new digital marketplace and online experience aims to connect the outdoor and snowsports industries this winter as a place to discover new brands and products, learn from experts, and network with the community. Winter Online will be accessible throughout the winter season, opening on January 6, 2021, with key Summit Days from January 20-23, 2021, and ongoing engagement and education through March 19, 2021.
JD Sports Fashion Plc, the British parent of The Finish Line, will be able to proceed with a merger with Great Britain’s Footasylum chain, first announced in March 2019. A British government agency, The Competition and Markets Authority (CMA), had tried to block the $119.3 million transaction by arguing it will lead to higher prices for consumers. But a government tribunal ruled last week the CMA failed to consider a number of factors, including the impact of the pandemic in its decision.
October Retail Sales rose 5.7 percent year-over-year and 0.3 percent seasonally adjusted from September. Early holiday shopping appears to have supported the sales increase, according to the National Retail Federation. The trade group’s latest research suggests that 42 percent of U.S. consumers started their holiday shopping earlier than usual this year. Meanwhile, a recent NRF/Prosper Insights & Analytics survey says U.S. shoppers intends to spend about $50 less on gifts this holiday season as they focus on gifts rather than purchases for themselves.