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Author: Andy Polk

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...

Nike is expanding its tech-driven Rise concept to Seoul, Korea. The opening follows the launch of its first Rise retail concept store in Guangzhou, China last summer. Adding to the in-store features from Guangzhou, Nike Seoul introduces Sport Pulse, a digital platform across all levels of...