The Weekly Closeout: Adidas gets into PPE, Five Below fills out C-suite

Insight summary

• •Adidas launched its first personal protective equipment line, a safety footwear collection priced between 100 and 150 euros, available in European markets starting August.
• •Five Below appointed Rodney Lastinger as chief retail officer and Christos Yatrakis as chief legal officer to support store expansion and operations.
• •M&M’s became an official supplier for the Tour de France and Tour de France Femmes, including interactive marketing and giveaways during the event.
• •True Religion plans to open four new stores across the U.S. this year, increasing its store count to 61 with a goal of 150 locations nationwide.
• •Kristen Jones joined True Religion as vice president of retail to help scale the company's brick-and-mortar presence.
• •Nike is reportedly considering restricting online sales in China to its own website to boost direct-to-consumer sales, amid a 7% sales decline in the region.
• •Nike replaced its China leadership in January and March to address performance challenges in the market.