Shopping Search Engine

Foot Locker Announces $100 Million Investment in GOAT

Source: nicekicks.com

Feb 7, 2019 2:16 PM 1+ week ago

Feb 7, 2019 Feb 7, 2019 GOAT, after last year taking in sizeable investments alongside prominent industry mergers, starts 2019 with a massive new investment from a sneaker retail giant. Foot Locker has announced today its strategic minority investment with GOAT for $100 million. This number marks the largest investment ever made by Foot Locker. Moreover, the largest investment from a sneaker retailer into a secondary sneaker retailer. This speaks to the turn of the industry, and retailers like Foot Locker getting ahead of the trend. 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, spoke Foot Locker CEO Richard Johnson in a press release. Together, Foot Locker and GOAT Group s shared commitment to trust and authenticity in the sneaker industry will provide consumers with unparalleled experiences and diversified offerings. Launched in 2015, GOAT has received investments to the tune of almost $198 million in less than four years. Following a merger with Flight Club and a partnership with Kyle Kuzma both in 2018, GOAT continues on the cultural uptick. Foot Locker's investment will certainly provide more resources and leverage. With over 3,000 retail locations, Foot Locker will support our primarily digital presence with physical access points worldwide, bringing more value to our community of buyers and sellers, said Eddy Lu, Co-Founder and CEO of GOAT. Having Foot Locker as a strategic partner will also expand our business as we continue to scale our operations both domestically and internationally.Read more.

Search Builder

(Click to add to search box)
Search Suggestions Level 1
Foot Locker  GOAT Foot Locker  foot Locker  post Foot Locker  leverage GOAT Group  sneaker retailer  access points  Kyle Kuzma  Flight Club  GOAT Group  press release  number marks  industry mergers  Nice Kicks  Eddy Lu  
Search Suggestions Level 2
Goat Foot Locker  Pensole Foot Locker  Investors Trae Young  New Foot Locker  Foot Locker  foot Locker  
Search Suggestions Level 3
Foot Locker  foot Locker  GOAT Group  Super Heroic  Richard Johnson  leverage GOAT Group  apparel design talent  vendor partners  Ben Simmons spots  Vice President Strategy  Foot Locker family  sneaker market GOAT  sneaker seller GOAT  leverage Foot Locker  year Foot Locker  GOAT Group claims  Dow Jones alum  preparation Foot Locker  Flight Club brands  D Wayne  Super Heroic team  feature tie dye  Foot Locker store  company press release  Gen Z entrepreneurs  Super Heroic products  sneaker design process  Foot Locker EVP  team Foot Locker  sneaker design business  footwear design talent  drive footwear creation  CFO Lauren Peters  access points  deal couldn t  sport moments  brand partners  North America  Jordan brand  sneaker retailer  customer experience  Eddy Lu  sneaker market  poke fun  White lands  designs sourced  production process  business plan  shoe drop  footwear creation  Open Source  production times  Alicia Keys  Zion Armstrong  design features  tie dye  company website  category expertise  Target Techstars  Fresh ideas  kids unit  Andrew Gray  Cara Salpini  product opportunities  sequential improvement  Nike product  Paul Trussell  year comparatives  something athletes  footwear styles  product margins  Trae Young  footwear space  Cristina Fernandez  future ventures  day delivery  StreetInsider Premiumhere  comp sales  mini hubs  power stores  apparel company  VOTES YET  Hong Kong  surprise guest  Neil Saunders  Asian markets  official debut  brand director  Kyle Kuzma  mortar presence  customer experiences  customer engagement  omnichannel experience  Scott Martin  Store Development  concept development  apparel process  

**Content contained on this site is provided on an “as is” basis. 4Internet, LLC makes no commitments regarding the content and does not review it, so don't assume that it's been reviewed. What you see here may not be accurate and should not be relied upon. The content does not necessarily represent the views and opinions of 4Internet, LLC. You use this service and everything you see here at your own risk. Content displayed may be subject to copyright. Content is removed on a case by case basis. To request that content be removed, contact us using the following form: Contact Us.