The French sneaker and sportswear chain has opened its first store in Belgium, within the City2 shopping mall in the country’s capital, Brussels. Two further openings are already on the cards on the city's outskirts.
At an investor day in London on Tuesday, M&S management owned up to something the retail sector had probably assumed for some time – that its turnaround program for its troubled fashion ops is way behind schedule.
Britain's competition watchdog on Tuesday said it has referred JD Sports Fashion's acquisition of smaller rival Footasylum to an in-depth investigation, as it believes the completed deal may stem market competition.
Kathmandu Holdings on Tuesday said it will buy Australia-based surfing gear maker Rip Curl Group for A$350 million to diversify product offerings and expand geographic footprint to Europe and North America.
The brands are combining their technologies and launching a collaborative sneaker. Titled Instapump Fury Boost, the shoe merges Adidas’ Boost exclusive technology with Reebok’s Instapump Fury silhouette.
The Birmingham, Alabama-based sportswear retailer announced on Wednesday that it has appointed Scott Humphrey as its new interim chief financial officer, making him the second executive to take on the role since April.