Gap Inc. announced plans to create two independent publicly traded companies: Old Navy and a yet-to-be-named company which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City. Gap Inc. expects to effect the separation through a spin-off that is intended to...
“Gene made countless contributions to Asics America as he navigated the brand through an incredibly turbulent time for our industry and implemented numerous changes that set the region on course for success,” Alistair Cameron, Asics Corp. executive officer and senior general manager of the geography...
The increased spending reflects increased investments in the company’s store fleet in all existing regions, including Asia, and in its digital initiatives....
Payless ShoeSource is preparing for a second trip to bankruptcy court after emerging from proceedings last year, A CNBC report said if Payless cannot find buyers for its real estate, it may need to close the majority or all of its locations in North...
Genesco Inc. announced that Jon Caplan recently announced his retirement as chief executive officer of Johnston & Murphy and Genesco’s Branded Group, effective at the end of June 2019....
Puma wrapped up 2018 by reporting significant earnings gains in the fourth quarter on a 20.1 percent revenue gain. For 2019, Puma expects earnings to climb 23 percent on a 10 percent sales increase....
HanesBrands announced fourth-quarter 2018 results, including net sales growth of 7 percent and double-digit operating profit growth. Both earnings and sales exceeded Wall Street’s targets. Champion sales increased more than 50 percent outside the U.S. mass channel. The company also delivered operating cash flow of $502 million, and...
Foot Locker Inc., the New York-based specialty athletic retailer, on Tuesday announced a realignment of its organizational operating model into three distinct geographical regions: Europe, Middle East and Africa (EMEA); Asia Pacific; and North America, to better align its resources across its international businesses, and...
Nike signed its first European clean energy deal with Iberdrola, the Spanish utility, with a goal of having all its offices in Europe powered by renewable energy by 2020....
Foot Locker Inc. announced that it is making a $100 million strategic minority investment through its subsidiary in 1661, Inc., d/b/a GOAT, a managed marketplace for authentic sneakers operating the GOAT and Flight Club brands. Over time, Foot Locker and GOAT Group will combine efforts across...