Foot Locker Invests in a Secondary Sneaker Platform
Foot Locker Press Release
The sportswear retailer announced that it’s making a strategic minority investment of $100 million in GOAT, a shoe reselling marketplace founded in 2015.
The investment looks to help support GOAT’s global operations, expand its omnichannel experience, and invest in innovative technologies.
As part of the transaction, both companies look to eventually combine digital and retail platforms in order to create exclusive customer experiences.
Walmart Unveils a New Private-Label Furniture Brand
The retailer announced that it’s launching MoDRN, a home brand exclusive to Walmart.
The new brand features over 650 modern household items ranging from fabrics to tabletops, to dining tables.
The exclusive line will be available through the company’s eCommerce channels which include Walmart.com, Jet.com, and Hayneedle.com.
The on-demand transportation company announced that it will increase the number of electric vehicles on its platform. The eco-friendly cars will help the company provide cleaner transportation options for its riders, and increase earnings for its drivers.
According to a company blog post, passengers who choose Green Mode on the app will be able to select between electric or hybrid vehicles for their trip. The option will initially be available in Seattle.
The move is part of the company’s Green Cities Initiative, which is a multimillion dollar investment that looks to “offset the carbon emissions from all rides globally”.