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 in the USL Championship, the second division of American soccer. “We are thrilled to be Puma’s first professional American soccer team...
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 Altama and Original S.W.A.T. footwear brands. The two brands are known for their military and law enforcement footwear but an...
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 will take over following the conclusion of the company’s reporting of financial results and filing of the company’s annual report...
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 retail industry last year, despite continued investments and offering updates, the still-solid growth of the U.S. economy and strong consumer...
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 more than 100 percent. The platform, which also resells apparel, accessories and collectibles, focused heavily in 2019 on expanding its global...
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 filed for Chapter 11 protection in February 2019 and closed all its U.S. doors. The company has emerged from bankruptcy...
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 January 5, 2019. In the prior year, comparable sales increased 4.0 percent for the nine-week period ended January 5, 2019. Based...
The Nike Foundation made a $5 million donation to help build an athletic facility at the planned Obama Presidential Center on the south side of Chicago. Jorge Casimiro, Nike’s chief social and community impact officer and Nike Foundation president, said in a statement, “When President Obama’s...
VF Corporation announced that Jim Pisani has decided to step down from his role as global brand resident, Timberland. He plans to move to the Midwest U.S. to be closer to his family. Pisani was appointed global brand president, Timberland, in August 2016. During his 3.5-year...
Adidas announced the start of the third tranche of its current multi-year share buyback program initially announced in March 2018 and intends to repurchase own shares worth up to €1.0 billion in 2020. In total, under the current program, Adidas plans to buy back own shares...