×
71 727
Fashion Jobs
MACY'S
Asset Protection Detective, Menlo Park - Full Time
Permanent · Edison
MACY'S
Manager, Merchandise Execution
Permanent · East Wenatchee
JCPENNEY CAREERS 2018
Product Manager - Customer Service Application & Associate Fulfillment Tools
Permanent · Plano
ROSS STORES
IT Manager i (Supply Chain)
Permanent · Shafter
ROSS STORES
IT Manager i (Supply Chain)
Permanent · Brookshire
ROSS STORES
Purchasing Supervisor
Permanent · Dublin
ROSS STORES
Store Protection Specialist
Permanent · Holmes
ROSS STORES
Store Protection Specialist
Permanent · Medford
ROSS STORES
District Manager
Permanent · Bakersfield
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · San Leandro
UNIQLO
Human Resources Coordinator - Emeryville, ca
Permanent · Emeryville
UNIQLO
Loss Prevention Supervisor- Westfield Valley Fair Mall
Permanent · Santa Clara
UNIQLO
Loss Prevention Agent (Full-Time) - Santa Monica Place
Permanent · Santa Monica
UNIQLO
Soho- Loss Prevention Agent
Permanent · New York
UNIQLO
Loss Prevention Agent (Full-Time) - Willowbrook Mall
Permanent · Wayne
UNIQLO
Visual Merchandising Manager- Great Mall, Milpitas ca
Permanent · Milpitas
UNIQLO
Loss Prevention Agent (Full-Time) - The Bloc
Permanent · Los Angeles
UNIQLO
Loss Prevention Manager
Permanent · New York
UNIQLO
Loss Prevention Agent (Full-Time) - Atlantic Terminal
Permanent · New York
UNIQLO
Loss Prevention Supervisor
Permanent · New York
UNIQLO
Loss Prevention Supervisor- Bay Street
Permanent · Emeryville
UNIQLO
Uniqlo Loss Prevention Agent- Chestnut Street
Permanent · Philadelphia
Published
Feb 8, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Foot Locker makes $100 million investment in Goat

Published
Feb 8, 2019

NYC-based sports and footwear retailer Foot Locker, Inc. announced on Thursday that it is making a strategic minority investment of $100 million in sneaker resale platform Goat Group, opening the door to synergies based on the companies’ respective strengths in physical and digital retail.


Foot Locker and Goat are hoping to leverage each other's respective strengths to offer consumers new and exclusive experiences - Instagram: @goat

 
The hope is that the partnership will ultimately allow the two companies to offer their customers exclusive experiences by leveraging Goat’s digital capabilities and Foot Locker’s extensive global brick-and-mortar footprint, which currently consists of 3,220 stores in 27 countries around the world.
 
“At Foot Locker we are constantly looking at new ways to elevate our customer experience and bring sneaker and youth culture to people around the world,” explained Foot Locker chairman and CEO Richard Johnson in a press release. “We are excited to leverage Goat Group's technology to further innovate the sneaker buying experience and utilize their best-in-class online marketplace to help meet the ever-growing global demand for the latest product.”

Certainly, moving forward, it could be interesting to see how Goat’s digital expertise might be put to use as Foot Locker continues to roll out its new Power Store concept, opening locations pitched as community-focused retail hubs offering state-of-the-art immersive consumer experiences.
 
Founded in 2015, Goat merged with sneaker consignment service Flight Club in February 2018 and has raised a total of $197.6 million in funding to date. With this latest investment, the footwear marketplace is also looking to accelerate its global expansion, develop its omnichannel model and drive technological innovation.
 
As part of the partnership, Foot Locker’s SVP for strategy and store development Scott Martin will be joining Goat Group's Board of Directors.
 
The deal is the latest in a series of investments made by Foot Locker in digital-first businesses over the past few months, including women’s luxe athleisure brand Carbon38, children’s lifestyle label Super Heroic and footwear design academy Pensole.
 
The move also follows the company’s recent realignment of its organizational operating model in order to facilitate accelerated international growth as the retailer pushes forward with ambitious expansion plans, particularly in Asia. 

Having seen a pattern of positive results over the last few quarters, Foot Locker recently topped profit and sales estimates in Q3 2018, reporting revenues of $1.87 billion and net income of $130 million.

Copyright © 2022 FashionNetwork.com All rights reserved.