26 Jan Gap Inc. to Shutter Piperlime
Gap Inc. has decided to close its Piperlime brand, including the online platform and single store in New York, by the end of the first quarter of fiscal year 2015....
Latest News
23 Jan Adidas Agrees to Sell Rockport to Berkshire/New Balance Partnership
The Adidas Group entered into a definitive agreement to sell its Rockport business to a new entity formed by Berkshire Partners and New Balance for a total consideration of $280 million, most of which will be paid in cash with the remainder comprised of notes....
22 Jan Skechers Launches Central Eastern Europe Subsidiary
Skechers USA, Inc. is transitioning its business in Central Eastern Europe (CEE) from third-party distributors to a new wholly-owned subsidiary, Skechers CEE, Kft. Skechers plans to double its CEE sales in the next three to five years through an expanded offering of men’s, women’s...
22 Jan Under Armour Expands Partnership with Jordan Spieth
Under Armour announced a comprehensive, 10-year partnership extension with professional golfer Jordan Spieth. Spieth, who joined the Under Armour family in 2013 upon turning professional at the age of 19....
21 Jan Deckers Brands Moves M&A Expert Lafitte to COO Role
Deckers Brands, which owns the Ugg, Teva, Sanuk, Ahnu and Hoka One One brands, has appointed David E. Lafitte chief operating officer (COO), effective Feb. 2. Lafitte previously served as the company's general counsel and replaces Zohar Ziv, who retired from the company on Jan....
21 Jan Brooks Reaches Half a Billion in Annual Sales
Brooks Running posted a 15 percent increase in revenue growth year-over-year in 2014, reaching a half a billion dollars in annual sales. ...
20 Jan The Footwear Industry’s Response to the President’s SOTU – 400 Million Reasons Why America Needs TPP in 2015
The footwear industry is committed to telling its story and how TPA and TPP will help create and strengthen footwear design, marketing, logistics and retail jobs across America. The industry and our consumers paid over $2.7 billion in footwear duties in 2014, more than...
20 Jan US Consumer Sentiment Surges to 11-Year High
The University of Michigan preliminary consumer sentiment index for January rose to an 11-year high of 98.2, helped by a strengthening job market and lower fuel costs....
16 Jan Executive Retail Insights: RG Barry CEO Greg Tunney (Jan 2015)
This month, FDRA interviewed President and CEO of RG Barry Brands Greg Tunney on how slippers are doing in the marketplace today and what he sees for the future of the business, as well as overall marketplace trends. ...
16 Jan Target to Exit Canada
..."Personally, this was a very difficult decision, but it was the right decision for our company. With the full support of Target Corporation’s Board of Directors, we have determined that it is in the best interest of our business and our shareholders to exit the...
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