Popular Sneaker, Athletic Brand Closes US Stores and Website
October 5, 2023
Foot Locker’s 2021 purchase of the Atmos brand for $360 million, hailed as a foray into making its own products, has taken a turn. Foot Locker has decided to shutter all Atmos stores and its website in the U.S. while maintaining the brand’s presence outside the country. This move marks a shift in strategy, as Atmos was initially positioned as a crucial part of Foot Locker’s growth plan, focusing on innovation and Japanese culture.
Recent News
Snapchat Reveals Latest AR and ML Tools for Brands and Advertisers
Snapchat has introduced a range of new augmented reality (AR) and machine learning (ML) tools created to assist brands and advertisers in engaging with users on the social platform through interactivity.
Ground Beef Sold at Walmart Recalled for E. Coli Contamination
The beef, sold at Walmart and other retailers, is from Cargill Meat Solutions.
Carvana Shares Rise 30% as Pre-Owned Car Seller Reveals Record First Quarter
Shares for Carvana shot up by over 30% after it reported record results and made a profit in the first quarter.
Peloton, Hyatt Team Up To Offer Bikes, Loyalty Points at 800 Hotels
Peloton and Hyatt’s new partnership is an attempt to revitalize the cratering brand.