Poshmark, the secondhand e-commerce platform, filed for an initial public offering (IPO).
Category: Footwear
More Than 150 Million Plan To Shop On Super Saturday
More than 150 million U.S. consumers plan to shop on Super Saturday this year, up slightly from 147.8 million in 2019, according to the annual survey released by the National Retail Federation.
Under Armour Completes Sale Of MyFitnessPal
Under Armour Inc. announced that it has completed the sale of the MyFitnessPal platform to Francisco Partners.
Dick’s SG Partners For Same-Day Delivery
Dick’s Sporting Good and Instacart announced that the companies have partnered to launch same-day delivery from more than 150 stores.
NRF Encourages Retail Workforce To Be Included in Early Vaccine Recipient Groups
The National Retail Federation’s President and CEO Matthew Shay issued a statement advocating for the retail workforce to be included among the early recipient groups for the COVID-19 vaccine.
Astral Names New Rep For Texas Region
Astral said Stephen Seaton will represent the footwear brand across Texas, Arkansas, Louisiana and Oklahoma.
Shoe Carnival Announces New $50 Million Share Repurchase Program
Shoe Carnival, Inc. announced that its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2021.
FDRA Promotes Thomas Crockett To Vice President
The Footwear Distributors & Retailers of America (FDRA) elevated Thomas Crockett to vice president, government affairs.
Swiss Brand On Opens Flagship In New York City
On, the Swiss running brand, has opened its first global flagship store in New York City.
StockX Raises $275M Series E Funding
StockX announced it has raised $275 million in a Series E funding round that values the live marketplace at $2.8 billion post-money. The new investment will be used to accelerate global expansion, innovation and category diversification for the e-commerce marketplace.
Retail Sales Decline In November From October
U.S. retail sales dropped a seasonally adjusted 1.1 percent in November from the prior month, the Commerce Department said Wednesday. Sales were up by 4.1 percent in November when compared with the same month a year ago.
VF Corp.’s Debt Downgraded By S&P On Supreme Acquisition
S&P Global Ratings lowered its issue-level ratings on VF’s unsecured debt due to the debt being taken on from its pending acquisition of Supreme.
Xero Shoes Secures Investment
TZP Group announced a strategic investment and partnership with Feel The World, Inc., dba Xero Shoes.
Apex Global Brands Sees 17 Percent Drop In Q3 Revenues
Apex Global Brands, which counts Hi-Tec, Cherokee and Tony Hawk among its lifestyle brands, reported revenues fell 17 percent in the third quarter ended October 31 although it was able to slightly narrow its loss in the period. The company secured an extension on a forbearance agreement from its lenders.
FDRA Adds Board Members
FDRA has added a new slate of top footwear executives to its board of directors as part of its assumption of, and effort to reinvigorate, the Fashion Footwear Association of New York (FFANY).
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal