FDRA

Walmart has agreed to sell Shoes.com to CriticalPoint Capital, the Los Angeles based private investment firm and owner of JackRabbit and Olympia Sports, according to a report from Bloomberg. Walmart bought Shoes.com’s intellectual property for $9 million in 2017. It made Shoes.com the flagship domain for...

Timberland announced a goal for its products to have a net positive impact on nature by 2030. The goal includes having all products designed for circularity and made from natural materials sourced from regenerative agriculture. “The environment today is in a degraded state. As a footwear...

Foot Locker Inc. reported earnings rose 7.6 percent on an adjusted basis as same-store sales jumped 18.6 percent. Results were in line with a pre-announcement provided on August 10. Second Quarter Results Net income for the company’s second-quarter of 2020 was $45 million, or $0.43 per share,...