The e-commerce business of Saks Fifth Avenue is planning an initial public offering that would value the company at about $6 billion, according to a report in the Wall Street Journal.
Category: Footwear
Crocs Hires Chief Product And Merchandising Officer; Announces Promotion From Within
Crocs Inc. announced that Lori Foglia was hired as senior vice president and chief product and merchandising officer and that Erik Olson was promoted to senior vice president, global sourcing and product execution.
Gordmans, Peebles, Goody’s, And Palais Royal Store Banners For Sale
Hilco Streambank is soliciting offers for the retail store banners, private label brands and associated domain names, utilized by Gordmans, Peebles, Goody’s, and Palais Royal department stores.
Foot Locker Launches Apparel Brand
Foot Locker Inc. announced that it’s launching an apparel line, LCKR by Foot Locker, focused on casual wear, including pullover hoodies and sweatpants.
Pajar Canada Opening U.S. Flagship
Pajar Canada is opening a flagship store location in the SoHo section of New York City. The location represents Pajar’s first full-price store.
OBIT: Wieden+Kennedy’s David Kennedy
David Kennedy, the co-founder of Wieden+Kennedy, has passed away at the age of 82. The Portland, OR-based advertising agency is best known for its work with Nike.
Asics Appoints President And CEO, Asics North America
Current Asics North America president and chief operating officer, Richard Sullivan has been appointed to Asics North America president and chief executive officer and named an executive officer of Asics Corp.
Retail Sales Unexpectedly Rise In September
The U.S. Census Bureau said overall retail sales in September were up 0.7 percent seasonally adjusted from August, topping the Dow Jones estimate for a decline of 0.2 percent.
Compass Diversified Announces Sale Of Advanced Circuits
Compass Diversified (CODI) announced it has entered into a definitive agreement to sell its majority-owned subsidiary, Compass AC Holdings, Inc., the parent company of Advanced Circuits, Inc., to Tempo Automation Inc. for $310 million.
Zappos.com To Sponsor 2022 Special Olympics USA Games
Zappos.com announced its sponsorship of the 2022 Special Olympics USA Games scheduled for June 5-12, 2022, in Orlando, FL.
Nike Invests In LeBron James’ SpringHill Company
LeBron James’s SpringHill Company has sold a “significant” minority stake to Nike, RedBird Capital Partners, Fenway Sports Group and Epic Games.
FDRA Report: Footwear Retail Prices Spike The Most in 20 Years
Footwear Distributors and Retailers of America (FDRA) released its monthly Shoe Price Report showing shoe prices are increasing at the fastest rate in over 20 years. Prices may increase further as products come available for the holiday.
Under Armour Appoints Chief Consumer Officer
Under Armour Inc. announced the appointment of Massimo Baratto to executive vice president, chief consumer officer. Since joining Under Armour in 2018, Baratto has served as managing director of the company’s Europe, Middle East and Africa (EMEA) region.
Adidas Launches New Share Buyback Program
Adidas said its board has decided to launch an additional share buyback program following the completion of a share buyback program launched in July. Starting on October 18, 2021, the company plans to buy back shares worth €450 million until the end of the year.
Sportsman’s Warehouse Appoints Interim CFO
Sportsman’s Warehouse Holdings, Inc., which agreed in January to be acquired by Bass Pro, said in a regulatory filing that Jeff White has been appointed vice president of finance, chief accounting officer and interim chief financial officer of the company,
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