Fleet Feet announced plans for expansion in Texas in 2020 with the opening of two new locations. The first location will open in San Antonio in March and will become the third San Antonio store for the brand. The second will open in Plano, TX in...
Gap Inc. announced that the company no longer intends to separate Old Navy into a standalone public company. “The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands,” said Robert Fisher, Gap Inc. interim president and CEO. “While...
London-headquartered Felix Capital, which has already invested in the likes of Peloton, Highsnobiety, Farfetch and Goop, has raised an additional $300 million to continue its strategy of investing in digital lifestyle brands. Founded in 2014 by Antoine Nussenbaum and Frederic Court, the company did not reveal...
Under Armour said UA Record, its mobile app for tracking fitness and weight changes, will be retired on March 31, 2020 and will no longer operate. Users who have been tracking workouts on UA Record are being encouraged to transition to MapMyFitness app. In a note...
New Mexico United announced a new partnership with Puma, becoming the first American professional soccer team to partner with Puma. Founded in 2018, the team plays in the USL Championship, the second division of American soccer. “We are thrilled to be Puma’s first professional American soccer team...
Brand Velocity Partners (BVP), a private equity firm focused on acquiring lower-middle market consumer businesses, announced it purchased Original Footwear Inc., the parent of the Altama and Original S.W.A.T. footwear brands. The two brands are known for their military and law enforcement footwear but an...
Emerald Expositions Events Inc., the parent of Surf Expo, Outdoor Retailer and other trade shows, announced that David Doft will become its chief financial officer. Doft will take over following the conclusion of the company’s reporting of financial results and filing of the company’s annual report...
Moody’s, in a new report, predicted that “another dismal year” for U.S. department stores will accelerate change in 2020. The sector heavily underperformed the broader retail industry last year, despite continued investments and offering updates, the still-solid growth of the U.S. economy and strong consumer...
StockX, the sneaker resale marketplace, announced it surpassed $1 billion in gross merchandise value (GMV) in 2019 and grew global buyer and seller registrations by more than 100 percent. The platform, which also resells apparel, accessories and collectibles, focused heavily in 2019 on expanding its global...
Payless ShoeSource announced that it has emerged from bankruptcy proceedings, appointed a new executive management team, and plans to re-open stores in the U.S. The company filed for Chapter 11 protection in February 2019 and closed all its U.S. doors. The company has emerged from bankruptcy...