Industry News

Adidas AG, is hoping to cross E50 million in revenue by December 2016, backed by its focus on women consumers and positioning as a fitness brand that it initiated a couple of years ago, said Silvia Tallon, senior marketing director, Brand Reebok for India market. Tallon joined the company in April to spearhead Brand Reebok in India. Reebok's revenue stood at Rs.333 crore in the year to March 2015, according to the..."/>
Reebok India focuses on women, eyes Rs379 crore revenue by December [Mint, New Delhi]
Chicago Tribune Phil Rosenthal column [Chicago Tribune]
Target Corp. is cutting ties with one of the world's biggest textile manufacturers after it discovered that the company passed off sheets as being made from Egyptian cotton when they were not. The Minneapolis-based retailer said Friday that it is terminating its relationship with India-based Welspun Global Brands after an "extensive investigation" confirmed the deception. It has already pulled the products from its store shelves."/>
Target cuts ties with vendor for deceptively selling Egyptian cotton sheets [Star Tribune (Minneapolis)]
Macy's stores in the Sarasota and Bradenton counties may not be at strong risk for closing as part of the retailer's plans to close about 14 percent of its stores, according to a report. The report from Morningstar Credit Ratings, which follows an announcement last week that Macy's intends to close 100 stores, identifies 28 locations with a higher probability of closing, based on below-average tenant sales. The chain has 728 stores."/>
Southwest Florida not listed as high risk for Macy's closures [Sarasota Herald-Tribune, Fla.]
McDonald's at the corner of North Tucker Avenue and East Main Street."/>
1st Carl's Jr. in San Juan County opens Sunday [The Daily Times, Farmington, N.M.]
Microsoft's efforts to fight cybercrime, counterfeiting and fraud. "It's not just a server room issue."/>
Corporate directors focusing on cybersecurity [The San Diego Union-Tribune]

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