Adidas is preparing to sell Reebok-CCM as part of a broader drive to simplify its business, the New York Post reported. Unnamed sources told the tabloid that Adidas could put Reebok-CCM up for sale early next year. ...
Silverfleet Capital, the European private equity firm said Monday it has agreed to sellOffice, the British fashion footwear retail chain, for 256 million pounds, or $385 million, to Truworths International, a South African fashion retailer....
Sports Authority has hired Rothschild & Co. to help restructure its heavy debt load, according to a report by Bloomberg News. ...
Shoe Carnival Inc. reported earnings slid 13.2 percent in the third quarter as same-store sales expanded 6.0 percent....
Adobe estimated that a record $4.45 billion was spent online on Black Friday and Thanksgiving Day. Online sales are expected to have reached $2.72 billion on Black Friday, 14 percent more than in 2014 and $1.73 billion on Thanksgiving Day, a 25 percent increase year-over-year...
Americans spent more on goods but less on clothing and footwear than initially thought in the third quarter, according to the government's second estimate of the country's gross domestic product for the period. ...
Caleres, the parent of Famous Footwear as well as several footwear brands, reported that excluding a debt charge, net earnings were $35.2 million, or 80 cents per share, in its third quarter, up 6.2 percent versus third quarter 2014....
Wolverine World Wide Inc. appointed Scott Sincerbeaux as president of consumer direct while naming Tom Kennedy as president of apparel and accessories....
Asics reached a five-year global sponsorship agreement with the Federal International Volleyball Association....
Heading into the important December market, Camuto Group has made a major executive appointment, appointing Susan Pellish-Thaler group president of footwear. ...