Foot Locker Inc. announced that it has completed its acquisition of Eurostar, Inc., the parent of the WSS chain, for $750 million in cash. Richard A. Johnson, Chairman and CEO, Foot Locker, said: “WSS is a highly complementary addition to our portfolio, and we are excited...
Nike again earned the top spot in SportsPro’s second annual list of the World’s 50 Most Marketable (50MM) Brands powered by Hookit. Adidas came second in the standings. Emirates, Santander and Red Bull rounded out the top five. Puma, State Farm, Monster Energy, Dream11, and Heineken...
Double-digit growth in imports at the nation’s largest retail container ports is slipping to single digits as pandemic-related supply chain disruptions worldwide continue, according to the monthly Global Port Tracker* report released by the National Retail Federation (NRF). “Year-over-year growth isn’t as dramatic as it was...
Crocs Inc. unveiled a five-year growth framework aimed at achieving $5 billion in revenues by 2026, more than triple revenues of $1.4 billion in 2020. The growth target represents a compound annual growth rate in excess of 17 percent using the midpoint of the company’s 2021...
On Holding AG, the Swiss running brand, estimates it will raise net proceeds of approximately $448.6 million after underwriting expenses from its initial public offering (IPO) according to an updated regulatory filing. On plans to sell a total of 31.1 million shares in the IPO. Of...
VF Corp announced that it has sold Eagle Creek to Travis Campbell, the former president of emerging brands at VF. The sale comes after VF in June had said it planned to cease operations of the travel accessories, luggage and daypack brand by this fall. The...
Shoe Carnival Inc. reported earnings in the second quarter ended July 31 increased four-fold as same-store sales grew 11.4 percent. Results came in well above company guidance. Second Quarter Highlights Record quarterly net income of $44.2 million and record diluted net income per share of $1.54...
Nike is exploring the use of AirCarbon, a carbon-negative biomaterial produced by microorganisms from the ocean through a partnership with Newlight Technologies. AirCarbon is currently used in fashion applications as a carbon-negative substitute to plastic and leather, including for eyewear, wallets and bags. Nike will explore...
Nordstrom Inc. raised its guidance for the year after reporting second-quarter results that topped expectations. Nordstrom said the results reflected a continued broad-based improvement in sales trends at Nordstrom and Nordstrom Rack across categories and geographies. The company reported net earnings of $80 million or $0.49 per...
Newlight Technologies announced a partnership with Nike to explore the use of AirCarbon, a carbon-negative biomaterial produced by microorganisms from the ocean. AirCarbon is currently used in fashion applications as a carbon-negative substitute to plastic and leather, including for eyewear, wallets and bags. Nike will explore...