All Shoe City articles
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News briefsU.S. chain Shoe City files for bankruptcy after failed acquisition by Arklyz
In the summer of 2022, Swiss retail group Arklyz, the owner of The Athlete’s Foot, announced plans to purchase Baltimore-based retail chain Shoe City from ESCO Ltd, which consists of about 40 retail stores, but the deal never materialized and the U.S. retailer has now filed for bankruptcy. Shoe City ...
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News briefsThe Athlete’s Foot FY sales jump by 10%, set to introduce new concept
The 550-door chain The Athlete’s Foot (TAF) and affiliated websites across 30+ countries grew its year-over-year global retail revenues by 10.3 percent in 2022 to $555 million, parent Arklyz Group reported, despite a difficult retail environment that was impacted by rising inflation, supply chain challenges, and socioeconomic and political unrest. ...
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ArticleArklyz continues to invest in retail businesses
First Shoe City store. © Arklyz Group Following Arklyz Group’s July 2021 acquisition of The Athlete’s Foot (TAF) from Intersport International Corp. and its acquisition of Asphaltgold, a European omnichannel provider of high-end sneakers and streetwear based in Germany, earlier this month, the acquisition-happy Swiss retail group ...
