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10 Sep Report: JCPenney Finds Rescue Deal With Simon Property And Brookfield

Posted at 14:20h in FDRA, Home, Latest News

Mall owners Simon Property and Brookfield Property Partners have reached an agreement in principle to acquire JC Penney out of bankruptcy proceedings in a deal...

03 Sep Walmart To Sell Shoes.com To CriticalPoint Capital

Posted at 09:54h in FDRA, Home, Latest News

Walmart has agreed to sell Shoes.com to CriticalPoint Capital, the Los Angeles based private investment firm and owner of JackRabbit and Olympia Sports, according to...

03 Sep Yeezy Executive To Exit Adidas

Posted at 09:53h in Latest News

Jon Wexler, VP/GM of Yeezy, will leave Adidas on August 31. In an internal memo to staff obtained by WWD, Adidas wrote, “We regret to inform...

03 Sep J.C. Penney Sale Talks Reach ‘Stalemate,’ Raising Threat Of Liquidation

Posted at 09:49h in FDRA, Home, Latest News

J.C. Penney’s discussions with potential acquirers of the company have hit a “stalemate” and the bankrupt retailer’s top lenders are considering making a “credit bid”...

03 Sep Toms COVID-19 Global Giving Fund Generates $2 Million

Posted at 09:48h in FDRA, Home, Latest News

Toms, the company that designs and markets shoes as well as eyewear, coffee, apparel, and handbags, based in Los Angeles, CA, generated a total of...

03 Sep John Donahoe Sees COVID-19 Response Showcasing Nike’s Strengths

Posted at 09:22h in FDRA, Home, Latest News

In his first shareholder letter since taking over as Nike’s CEO and president in January, John Donahoe wrote that COVID-19 “offered a stress-test” of its...

03 Sep Timberland Elevates Sustainability Goals

Posted at 09:20h in FDRA, Home, Latest News

Timberland announced a goal for its products to have a net positive impact on nature by 2030. The goal includes having all products designed for...

03 Sep Shoe Carnival Sees Record Q2 On Strong Athletic Footwear Sales

Posted at 09:18h in FDRA, Home, Latest News

Shoe Carnival Inc. reported record sales in the third quarter as same-store sales grew 12.6 percent and online sales more than tripled. Earnings were down...

27 Aug Inside The Call: Nordstrom CEO Sees Permanent Shift After Virus Response

Posted at 12:52h in FDRA, Home, Latest News

Nordstrom Inc., as expected, took it on the chin with fiscal second-quarter top-line results, but company management saw a silver lining to the dark clouds...

27 Aug Foot Locker’s Q2 Comps Soar 18.6 Percent

Posted at 12:01h in FDRA, Home, Latest News

Foot Locker Inc. reported earnings rose 7.6 percent on an adjusted basis as same-store sales jumped 18.6 percent. Results were in line with a pre-announcement...