Despite facing a softer-than-expected retail environment in the third quarter, Foot Locker President and CEO Mary Dillon remains optimistic about the company’s long-term digital strategy, including a new mobile app and revamped loyalty program. “While our trends in early November landed below our expectations as consumers...
Foot Locker is reportedly expanding the “Home Court” basketball sections it launched with Nike. The expansion is part of an effort by the sports apparel retailer and the sneaker giant to fix their damaged relationship, Bloomberg News reported Tuesday (Dec. 3). According to the report, Foot Locker plans to...
Proof Culture founder and CEO Richard Brown’s love of sneakers began long before he ever thought of turning his passion into a direct-to-consumer business. He vividly remembers the thrill of getting his first pair of LA Gears when he was a kid, carefully laying them...
As Nike prepares to report earnings for the first quarter of fiscal 2025 Tuesday (Oct. 1), the company faces significant hurdles marked by a leadership transition and shifting market dynamics. Elliott Hill will take over as CEO from John Donahoe on Oct. 13, a move...
December 04, 2024
Despite facing a softer-than-expected retail environment in the third quarter, Foot Locker President and CEO Mary Dillon remains optimistic about the company’s long-term digital strategy, including a new mobile app and revamped loyalty program. “While our trends in early November landed below our expectations as consumers held back their spending ahead of the holiday season, we […]
November 21, 2023
As temperatures stayed warm in September and October, Kohl’s discovered that it had a surplus of its cold weather inventory beyond what was initially expected. In response to the downturn...
December 03, 2024
Foot Locker is reportedly expanding the “Home Court” basketball sections it launched with Nike. The expansion is part of an effort by the sports apparel retailer and the sneaker giant to fix their damaged relationship, Bloomberg News reported Tuesday (Dec. 3). According to the report, Foot Locker plans to launch the new sections — which feature digital wallets where […]
October 11, 2023
German shoe retailer Birkenstock has raised $1.4 billion in its initial public offering (IPO). The company set the price of its shares in the middle of the range it had...
September 13, 2023
Birkenstock has filed to go public through an initial public offering (IPO) in New York. The German footwear brand did not specify in its Tuesday (Sept. 12) F-1 filing with the U.S. Securities and...
May 11, 2023
Adidas has decided what to do with its millions of leftover Yeezy sneakers. The firm will sell the $1 billion worth of products and donate the proceeds to charity, The Wall Street Journal...
