Done Deals: Resale Platform Archive Secures $15 Million in Series A Funding + More News

Dec. 6, 2022: Archive has secured $15 million in Series A funding. The round is led by Lightspeed Venture Partners with participation from Bain Capital Ventures, Fernbrook Capital, G9 Ventures, and several minority investors, and brings Archive’s total funding to over $24 million. In addition to the raise, Alex Taussig, partner at Lightspeed, will join the […]

Salehe Bembury’s New Balance 990v2 ‘Sand Be the Time’ Collab Arrives This Week

Salehe Bembury and New Balance’s much anticipated 990v2 sneaker collab is finally hitting retail. After teasing the sneaker project on social media in June, the renowned designer has revealed on Instagram yesterday that his coveted New Balance 990v2 “Sand Be the Time” collab will hit shelves before week’s end. The Salehe Bembury x New Balance 990v2 “Sand Be the […]

Why Israeli Footwear Maker Naot Picked SoHo for Its First NYC Flagship Store

Israeli footwear maker Naot has taken a major step to expand its presence in the U.S. market with a new flagship store. The comfort-focused brand last month announced the opening of its first New York City-based flagship (its second store location in the U.S.). The new shop is located in Manhattan’s SoHo neighborhood, at 436 […]

Fanatics Hits $31 Billion Valuation After $700 Million Funding Round

Fanatics Inc. just scored another major investment that brings its current valuation to $31 billion, according to people close to the deal. The sports merchandising company raised about $700 million in a recent funding round led by new investor Clearlake Capital. LionTree as well as existing investors Silver Lake, Fidelity and Softbank also participated in […]

Birkenstock Continues to Invest in Brick-and-Mortar With Fourth US Store

Birkenstock has opened its fourth company-owned store in the U.S. Located at 1019 Larkspur Landing Circle within the Marin Country Mart in Larkspur, Calif., this store follows the openings of the footwear label’s first three U.S. company-owned retail stores in Brooklyn and SoHo in New York City and in Venice Beach, Calif. According to the German brand, […]

US Adds 263,000 Jobs In November, Unemployment Remains at 3.7%

The U.S. economy added 263,000 jobs in November, beating estimates of 200,000 jobs. This number represents a dip from October, which saw an increase of 284,000 jobs and from September, which saw an increase of 269,000 jobs, according to a newly revised figure from the Bureau of Labor Statistics on Friday. As inflation soars, the job market has stayed […]

The United States Has Been Eliminated From the 2022 FIFA World Cup

The United States has been eliminated from the 2022 FIFA World Cup. The U.S. men’s national team fell 3-1 to the Netherlands today in the round of 16 at the Khalifa International Stadium in Qatar. The Netherlands scored two goals in the first half, with one put in the back of the net by Memphis […]

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