Foot Locker Inc. announced that it is making a $100 million strategic minority investment through its subsidiary in 1661, Inc., d/b/a GOAT, a managed marketplace for authentic sneakers operating the GOAT and Flight Club brands.
Category: Footwear
January M&A Roundup: Media Companies Make News As Landscape Shifts
Consumer and trade publications are accustomed to reporting news, but in January companies in the active lifestyle and action sports media made news through a host of acquisitions that could drastically affect industry coverage moving forward.
Newton Running To Sponsor USA Triathlon
USA Triathlon and the USA Triathlon Foundation announced a partnership with Newton Running to serve as the exclusive running shoe of both organizations through 2021.
NRF Sees 2019 Growth Between 3.8 And 4.4 percent
The National Retail Federation forecast that retail sales during 2019 will increase between 3.8 percent and 4.4 percent to more than $3.8 trillion despite threats from an ongoing trade war, the volatile stock market and the effects of the government shutdown.
Nike Signs Clean Energy Deal In Europe
Nike signed its first European clean energy deal with Iberdrola, the Spanish utility, with a goal of having all its offices in Europe powered by renewable energy by 2020.
Crocs To Relocate Global Headquarters To Broomfield, CO, In 2020
Crocs Inc. on Tuesday announced that it will relocate its corporate headquarters in 2020, from Niwot, CO, to Broomfield, CO. The move is part of the company’s strategy for long-term, sustainable growth, including employee retention and recruitment.
Foot Locker Announces Global Realignment To Support International Growth Strategy
Foot Locker Inc., the New York-based specialty athletic retailer, on Tuesday announced a realignment of its organizational operating model into three distinct geographical regions: Europe, Middle East and Africa (EMEA); Asia Pacific; and North America, to better align its resources across its international businesses, and to develop an infrastructure to support an expansion plan within the Asian market.
Academy Sports Appoints Steven Lawrence As EVP And Chief Merchandising Officer
Academy Sports + Outdoors announced that Steven P. Lawrence has been appointed executive vice president and chief merchandising officer, effective February 11. He was most recently CEO of Francesca’s and has also been chief merchandising officer at Stage Stores.
Fila Extends Sponsorship Of The BNP Paribas Open
Fila has extended its Premier Sponsorship agreement with the BNP Paribas Open, the largest ATP Tour and WTA combined two-week event in the world.
Under Armour To Continue Lindsey Vonn Sponsorship Post-Retirement
Under Armour plans to continue its sponsorship of Lindsey Vonn after her retirement. On Friday, the legendary skier announced she planned to retire after the World Championships this week in Sweden.
Former Cabela’s Employees Launch Highby Outdoors
A number of former Cabela’s employees, led by Matt Highby, have officially launched Highby Outdoors, an e-commerce site focusing on outdoor gear.
Stage Stores Appoints EVP And CFO
Stage Stores Inc. announced the promotion of Jason Curtis to executive vice president, chief financial officer and treasurer.
Adidas Pulls Sneaker Dedicated To Black History Month After Backlash
Adidas announced it was pulling a shoe from its Black History Month lineup following social media uproar.
American Media Acquires The Adventure Sports Network From TEN: Publishing
American Media, LLC, the publisher of celebrity journalism, health and fitness, and lifestyle brands, acquired the media assets comprising TEN: Publishing’s Adventure Sports Network (ASN). American Media Active Lifestyle Group will include the 14 adventure and sports brands including Bike, Powder, Surfer, the Transworld titles, and Snowboarder.
Over 50 CEOs Co-Create Outdoor Industry-Focused Equity, Inclusion And Diversity Pledge
On Friday, Camber Outdoors gathered over 50 CEOs in Denver to sign the CEO Outdoor Equity Pledge at Outdoor Retailer to commit to equitable and inclusive workplaces to advance the leadership opportunities for all. The premise, to spur innovation, builds community and elevate the active-outdoor industries as great places to work.
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