Gymboree Reboot Relaunches Today
A popular children’s clothing company is relaunching today.
Kids clothing retailer “Gymboree” is launching a reboot today.
A new website and a new app augmented with reality features are part of the chain’s e-commerce push, along with a refresh of its brick and mortar stores.
The company’s CEO told CNBC it’s an all-new Gymboree, different in almost every single way”.
Consumer Spending Up for June
Consumer spending rose during the month of June.
The Commerce Department says sales at retailers and restaurants jumped half of a percent in June, after a 1.3 percent rise the previous month.
Overall, retail sales have risen 6.6 percent since last year, the fastest annual pace in five years.
However, inflation over the past year is also at a six-year high, primed largely by rising prices for gas, cars and medical care.
Adidas Makes Environmental Pledge
Sportswear company Adidas is pledging to use only recycled plastics, including polyester, by 2024.
Currently, polyester, which is made from plastic, makes up about 50 percent of the material in Adidas products, according to the company.
But they say the switch will save an estimated 40 tons of plastic per year.
Adidas says its spring and summer clothing lines in 2019 will contain about 41 percent recycled polyester.