Blackstone Group LP invested $200 million in Crocs Inc., taking two board seats and a 13 percent equity stake in the Niwot-based shoemaker, company officials announced Sunday night. Shares of Crocs jumped more than 20 percent on Monday as a result of the news....
Shares of footwear retailer Brown Shoe Co. Inc. (BWS) reached a 52-week high of $27.72 on Dec 20. Adjusted earnings per share of 63 cents almost doubled from 33 cents reported in the prior-quarter on the back of improved performance in every category....
Beginning this spring, Finish Line became the exclusive athletic footwear partner of Macy's. Finish Line executives have said they expect the partnership to boost sales by about 30 percent -- about $350 million to the company's $1.4 billion yearly sales. The partnership, announced last year,...
"The reality is that these incidents are only going to increase," said Paul Lipman, CEO of Redwood City security firm Total Defense. "It's a result of the increasing connectivity of everything we touch."...
The to-do trade list includes a Baucus-Hatch draft renewal of expired fast-track trade and potential ratification of the pending Trans-Pacific Partnership (TPP), a trade agreement linking the United States to 11 other nations, including Japan. Another pending trade deal with the European Union, the Transatlantic...
Baucus, 72, would succeed Gary Locke, a former Washington governor and U.S. Commerce secretary, in the key diplomatic post. The Obama administration, which has tried to shift its diplomatic attention to Asia, has carefully cultivated relationships with Beijing and particularly the nation's new president, Xi...
Private-equity firm Sycamore Partners is nearing a deal to buy Jones Group Inc., the owner of Nine West, for $15 a share, a transaction that would value the retailer at about $1.2 billion, according to various reports....
Black Friday saw the greatest spike of the year in international shopping activity, with cross-border spending at U.S. retailers more than quadrupling (+330 percent) compared to the average shopping day in 2013...
“We are excited about the philanthropic commitment that Amazon Fashion has made to help grow Footwear Cares to a month-long program,” said Neal Newman, president of Two Ten Footwear Foundation. “Amazon Fashion really understands that it isn't just about the shoes, but rather it's about...
With a week to go before Christmas, retailers are in full battle mode, with many unveiling plans to keep their stores open for marathon stretches to give last-minute gift buyers every opportunity to spend....