Goat Group, the online marketplace for sneakerheads, has secured a strategic investment from Groupe Artemis, the controlling shareholder of Kering, the owner of Gucci, Saint Laurent, Bottega Veneta and other luxury brands.
Category: Footwear
Report: Birkenstock Exploring Sale To CVC Capital
Birkenstock is in discussions to be acquired by CVC Capital Partners, according to a report from Bloomberg, The sale reportedly could value the nearly 250-year-old brand at $4.8 billion, including debt.
Retail Sales Drop In December For Third Straight Month
Retail sales, excluding automobiles and gas, slid 0.7 percent in December compared to November, according to the Commerce Department, as a surge in coronavirus cases kept consumers away from stores during the critical holiday shopping season.
NRF Says 2020 Holiday Sales Grew 8.3 Percent Despite Pandemic
Retail sales during the 2020’s November/December holiday season grew an unexpectedly high 8.3 percent over the same period in 2019 to $789.4 billion, exceeding the National Retail Federation’s (NRF) holiday forecast despite the economic challenges of the coronavirus pandemic, NRF said. The numbers include online and other non-stores sales, which were up 23.9 percent at $209 billion.
UFC Names Zappos.com Official U.S. Licensing Partner
UFC, the mixed martial arts organization, announced a multi-year partnership in which Zappos.com will become the exclusive wholesale manufacturer and distributor of officially licensed UFC merchandise sold at retail in the U.S.
Poshmark’s Stock Price More Than Doubles In IPO Debut
Poshmark Inc.’s shares more than doubled in its initial public offering debut Thursday.
Stock+Field Closing All Locations
Stock+Field, the farm supply and outdoor department store, has filed for bankruptcy and is closing all 25 of its locations.
Anta Sports’ Q4 Sales Gains Led by Fila, Other Brands
Anta Sports reported modest retail sales gains for its flagship Anta brand in the fourth quarter while strong double-digit gains were seen by Fila and its other brands ((Descente, Kolon Sport, Sprandi, and Kingkow).
Adidas Partners With G2 Esports
Adidas announced a multi-year partnership to become the official sports apparel provider for G2 Esports, a leading esports brand.
Nike Sues Nearly 600 Websites For Selling Counterfeit Sneakers
Nike filed a lawsuit against 589 websites allegedly selling counterfeit versions of its Nike and Converse shoes online.
North Face Sued By Graffiti Artist Over ‘Atom’ Design
The North Face has been sued by the graffiti artist Futura for allegedly knocking off his signature atom-like motif in a recent line of apparel.
SIMA Appoints President
The Surf Industry Manufacturers Association (SIMA) announced the results of its Board of Directors Elections for the term beginning January 2021 and ending December 2022, including Paul Naudé being reelected to serve as Board president.
Carbitex Announces New Hires
Carbitex announced the hiring of Erika Canfield as VP of global marketing and Clark Morgan as director of global footwear business development.
Surfline Hires Marketing Executive From Apple
Surfline\Wavetrak Inc., the company behind ocean forecasting service Surfline, announced the appointment of Kim Centeno head of marketing. Centeno joins Surfline from Apple, where she most recently led marketing for subscription services, including Apple Arcade.
StockX Sees Record Growth in 2020
StockX said it recorded $1.8 billion in gross merchandise value (GMV) in 2020 and closed more than 7.5 million trades during the year.
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