Footwear

Puma Signs First American Professional Soccer Team

Jan 20, 2020SGB Updates

New Mexico United announced a new partnership with Puma, becoming the first American professional soccer team to partner with Puma. (Read More)

Brand Velocity Acquires Altama And Original S.W.A.T.

Jan 20, 2020SGB Updates

Brand Velocity Partners (BVP), a private equity firm focused on acquiring lower-middle market consumer businesses, announced it has purchased Original Footwear Inc., the parent of the Altama and Original S.W.A.T. footwear brands. (Read More)

StockX’s Resale Market Surpasses $1 Billion In GMV In 2019

Jan 20, 2020SGB Updates

StockX, the sneaker resale marketplace, announced it surpassed $1 billion in gross merchandise value (GMV) in 2019 and grew global buyer and seller registrations by more than 100 percent. (Read More)

Fleet Feet To Open Two Locations In Texas

Jan 20, 2020SGB Updates

Fleet Feet announced its plans for expansion in Texas in 2020 with the opening of two new locations. The first location will open in San Antonio in March and will become the third San Antonio store for the brand. The second location will open in Plano in April and will mark the first Fleet Feet location in the Dallas area. (Read More)

JCPenney To Close Six Stores This Spring

Jan 20, 2020SGB Updates

JCPenney will close six stores by April 24. The stores are in Montana, New York, North Carolina, Ohio, Oklahoma and South Carolina. (Read More)

Moody’s Sees Continuing Challenges For Department Stores In 2020

Jan 20, 2020SGB Updates

Moody's, in a new report, predicted that "another dismal year" for U.S. department stores will accelerate change in 2020. The sector heavily underperformed the broader retail industry last year despite continued investments and offering updates, the still-solid growth of the U.S. economy and strong consumer spending. (Read More)