April 07, 2022
Big Foot outlined the adjustments it will be making through 2022 to adapt to its diminished Nike allocation in a round table discussion at the JP Morgan’s Retail Roundup Conference.
The €58 per share offer for the Dutch owner of Raleigh, Ghost, Haibike and other brands officially launched on Apr. 7, with an acceptance period running through June 3.
Port congestion has begun to ease over the past several months, but could experience another surge this summer, according to the NRF and Hackett Associates, as Feb. retail imports hit 2.11 million twenty-foot equivalent units, a 13% increase from 2021.
The U.K.-based sportswear brand will lay off as many as 121 employees, then hire over 100 in new roles that better map to critical areas for growth, according to multiple reports.
The technology center, slated to open in early 2023, will be located in West Midtown Atlanta, GA, and will focus on expanding the Eager Beavertons’ digital-first supply chain and logistics operations.
The Amazon-owned footwear and apparel e-tailer has given acting CEO Scott Schaefer the job on a permanent basis.
The Chinese sportswear brand said that retail sell-through grew 30% to 35% in the first quarter, on top of last year’s mid-50s jump lapping pandemic lockdowns.