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29 Jan Toms Appoints Magnus Wedhammar CEO

Posted at 15:15h in FDRA, Home, Latest News

Toms Shoes LLC has appointed Magnus Wedhammar, former GM of Sanuk, as CEO. Wedhammar was VP and GM at Sanuk from July 2016 to December 2019....

29 Jan Nike’s Vaporfly Won’t Face Ban

Posted at 15:14h in FDRA, Home, Latest News

The World Athletics organization, which governs most international track and field events, will not be imposing a blanket ban on Nike Vaporfly shoes, according to...

23 Jan Fleet Feet To Open Two Locations In Texas

Posted at 12:45h in FDRA, Home, Latest News

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...

23 Jan Gap Inc. No Longer Pursuing Separation Of Old Navy

Posted at 12:44h in FDRA, Home, Latest News

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...

23 Jan Felix Capital Raises $300 Million In Funding

Posted at 12:41h in FDRA, Home, Latest News

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...

21 Jan Puma Signs First American Professional Soccer Team

Posted at 11:01h in FDRA, Home, Latest News

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.

Posted at 11:00h in FDRA, Home, Latest News

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

Posted at 10:59h in FDRA, Home, Latest News

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

Posted at 10:58h in FDRA, Home, Latest News

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

Posted at 10:57h in FDRA, Home, Latest News

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...