The Foot Locker Inc.-owned sports retailer Eastbay said Tuesday that it is shuttering operations by the end of this year.
Eastbay’s closure comes after Foot Locker Inc. said in June it was selling its team sales business to sports apparel distributor BSN Sports, which is a division of Varsity Brands. The retailer also said it would be consolidating Eastbay’s e-commerce site into the Champs Sports website.
The news comes during a banner year for Foot Locker as the conglomerate revealed in August that its longtime chief executive officer and president Richard Johnson would be stepping down and taking the role of executive chairman through January. The following month, it was revealed Johnson would be succeeded by
. Shares of Foot Locker increased 20.1 percent to $38.40 following the news of Dillon’s appointment.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto exchange Kraken to shutter its Japan operations after global layoffsCrypto exchange Kraken said Wednesday that it will stop operations in Japan next month, blaming a 'weak crypto market globally.'
Read more »
Update: DKZ’s Giseok And Mingyu Star In New Teasers For Year-End Single “2022 (Forever)”Update: DKZ’s Giseok And Mingyu Star In New Teasers For Year-End Single “2022 (Forever)”
Read more »
Providence Hospice Foundation launches end-of-life care program for homeless patientsPilot program seeks to fill the final days of 140 unhoused patients’ lives with comfort and dignity.
Read more »
2022 marked the end of cheap mortgages and now the housing market has turned icy cold2022 was the year the home-buying frenzy ended. The sharp increase in mortgage rates led many buyers to pull away. And sellers are holding back, locking the whole housing market in a deep freeze.
Read more »
San Diego County to End 2022 With Rainy Weather: First Alert ForecastDid you get some new rain gear for Christmas? If so, you’ll definitely want to have it handy this week since rain is in our forecast. More on your San Diego County weather:
Read more »
What’s Leaving Hulu at the End of DecemberThe original Blade trilogy starring Wesley Snipes as the titular antihero is leaving Hulu in December 2022.
Read more »