23 Jan Gap Inc. No Longer Pursuing Separation Of Old Navy
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...
FDRA
23 Jan Felix Capital Raises $300 Million In Funding
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...
23 Jan Under Armour To Retire UA Record
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...
21 Jan Puma Signs First American Professional Soccer Team
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...
21 Jan Brand Velocity Acquires Altama And Original S.W.A.T.
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...
21 Jan Emerald Expositions Appoints CFO
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...
21 Jan Moody’s Sees Continuing Challenges For Department Stores In 2020
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...
21 Jan StockX’s Resale Market Surpasses $1 Billion In GMV In 2019
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...
16 Jan Payless ShoeSource’s New Team Looks To Return To U.S. Retailing
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...
15 Jan Zumiez’s Holiday Sales Jump
Zumiez Inc. announced that the company’s comparable sales increased 6.8 percent for the nine-week period ended January 4, 2020, compared to the nine-week period ended...
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