The innerwear brand and intimates company disclosed a letter of intent for a proposed merger. If the merger is accepted, Naked CEO Chief Creative and Chairwoman Carole Hochman will become Chief Creative of the company.
An improving economy and attractive deals from retailers powered a better-than-expected 4 percent increase in U.S. holiday sales to $658.3 billion, retail industry group National Retail Federation said.
Forerunner Ventures, the investment firm behind Warby Parker and others, was among several companies that contributed to Stadium Goods' $4.6 million equity funding. The funding will help the retailer expand further.