Foot Locker Inc. completed the acquisition of Atmos, a digitally-led retailer headquartered in Japan, for $360 million, subject to certain customary adjustments. Richard Johnson, chairman and CEO, Foot Locker, said, “We are delighted to officially welcome Atmos’s iconic founder, Hidefumi Hommyo and the entire Atmos team...
Holiday spending has the potential to shatter previous records, as the National Retail Federation (NRF) forecasts that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020 to between $843.4 billion and $859 billion; the numbers, which exclude automobile...
Allbirds Inc aims to be valued at over $2 billion in its initial public offering (IPO), according to an updated filing with the Securities & Exchange Commission. The eco-friendly sneaker maker in a regulatory filing on Monday said it is offering 19.2 million shares at a...
VF Corp. published its latest Made for Change Sustainability and Responsibility Report*, which highlights its achievements to date, including progress toward science-based targets. “VF Corporation and our family of brands strive to be more than just an apparel and footwear company. Collectively, we work to be...
Today, the Footwear Distributors and Retailers of America (FDRA) sent President Biden a letter asking for help on behalf of American families facing historic retail price spikes on their kid's shoes. Supply chain costs are a factor, but duties have tripled on certain kid’s shoes...
Yue Yuen’s consolidated operating revenue in September fell 23.7 percent to $541.6 million from $710.2 million in the same month a year ago. The decline reflects the pandemic-related factory shutdowns in Vietnam. Yue Yuen had fallen 23.1 percent in August and 6.6 percent in July. For the...
Americans are looking forward to the holiday season this year, with many planning to spend the same or more compared with last year and support charitable organizations and their local communities, according to the 15th Annual Holiday Shopping Survey from Accenture. Holiday spending is likely to...
“As the last year and a half has continued to challenge us all, #OptOutside is a reminder of the importance of community and time outside,” said REI CEO Eric Artz. “What started as a special moment for employees has become a movement for the co-op...
Macy’s Inc. announced the appointment of Ashley Buchanan, chief executive officer of The Michaels Companies, and Tracey Zhen, president of Zipcar, to its board of directors, effective October 5, 2021....
“With digital sales doubling since last year, we understand the continued importance of creating an exceptional online shopping experience for our customers,” said Brie Olson, president, Pacsun....