Frasers Group has acquired Australian luxury footwear and streetwear retailer Sneakerboy for an undisclosed amount.
Category: Footwear
Adidas Completes Second Share Buyback Program In 2022
Adidas has completed its second share buyback program this year.
REI Hires Vice President, Physical Stores And Retail Operations
REI Co-op hired Mary-Farrell Tarbox, effective October 24, as vice president, physical stores and retail operations.
Sea To Summit Partners With Adventure Labworks To Represent Brand
Sea to Summit, the manufacturer of omni-terrain outdoor gear headquartered in Western Australia, hired Adventure Labworks to represent the brand effective immediately.
Athleta Partners With USTA
Athleta partnered with the United States Tennis Association as one of the association’s official sponsors of the USTA League, USTA Player Development Teaching Professional Initiatives and the USTA Foundation Excellence Team for the next three years.
Foot Locker Senior Manager Joins Brikl
E-commerce software platform Brikl hired Tiffany Kirksey, former senior manager of team sales marketing at Foot Locker, as director of operations. Kirksey worked for Foot Locker for almost 24 years.
JD Sports To Open Eighth Store In Canada
JD Sports will open a new store in Bramalea City Centre in Ontario. The announcement follows the opening of the retailer’s first three stores in the Greater Toronto area.
Moody’s Changes VF Corp.’s Debt Rating Outlook To Negative
Moody’s Investors Service changed VF Corp.’s outlook to negative from stable, reflecting the company’s weaker-than-expected near-term operating performance expectations, increasingly challenging operating environment and higher-than-expected debt levels.
Year-Over-Year Retail Sales Growth Continues In September
The U.S. Census Bureau said overall retail sales in September were unchanged from August but up 8.2 percent year-over-year. That compared with increases of 0.4 percent month-over-month and 9.4 percent year-over-year in August.
Neiman Marcus Group Sees Strong Growth In Fiscal Year
Neiman Marcus Group reported a strong recovery in its year that ended July 31 as sales increased 33 percent to $5 billion, including sales from leased vendor shops.
PacSun Showcases New Store Design In Fashion Valley
Pacsun opened its newest location in San Diego’s Fashion Valley. The retail space features a modernist design formula and layout for the youth-centric retailer. The Fashion Valley store is first brick-and-mortar location to pay homage to its foundation in mall culture.
Goat Group To Acquire Grailed
Goat Group, Inc., which operates Goat and Flight Club, has agreed to acquire Grailed, the peer-driven resale marketplace for men’s luxury, streetwear, sneakers and vintage fashion.
Reebok Lists Its Boston Seaport Office To Sublease
Reebok has listed its entire Boston Seaport District office as available for sublease after moving into the space in 2017, according to a report from Boston Business Journal.
Decathlon’s ‘A-2’ Short-Term Rating Affirmed On Strong Operating Performance
S&P Global Ratings affirmed Decathlon’s ‘A-2’ short-term credit rating on strong operating performance. S&P said consistent outperformance in 2021 and the first half of 2022 had positioned Decathlon favorably as market headwinds arise.
JD Sports CFO To Step Down Next Year
JD Sports Fashion said Chief Financial Officer Neil Greenhalgh will step down in 2023, after four years in the position.
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