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VF Corporation Wraps Up Purchase Of Supreme

PYMNTS

The international streetwear brand has become a VF Corporation wholly-owned subsidiary with the deal, according to an announcement. That brand is anticipated to contribute a minimum of $500 million in sales and 20 cents of adjusted earnings per share (EPS) in fiscal 2022. VF Corporation has closed on its purchase of Supreme for a $2.1

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Today In Data: How Governments Are Strengthening Crypto Regulation

PYMNTS

In retail news, the legal cannabis industry is evolving in Colorado with the state’s licensed businesses. And, in brick-and-mortar news, Macy’s is collaborating with DICK’S Sporting Goods as well as landscaping brand Miracle-Gro for its Outdoor STORY experiential retail concept. All This, Today In Data.

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Cannabis Firm Caliva Eyes National Growth With Jay-Z Partnership

PYMNTS

Caliva recently announced that the rap star will serve as the company’s chief brand strategist and has entered into a multiyear partnership with the firm, CNBC reported. In separate news, legal pot is starting to pull its weight in retail: Colorado has recently hit a milestone, with total cannabis-related revenue rising above $1 billion. (It

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Fabletics Announces Brick-and-Mortar Expansion

PYMNTS

Activewear brand Fabletics , which was co-founded by Kate Hudson in 2013, announced plans for a retail expansion across the U.S. The company confirmed that the new locations will bring the brand’s total retail store count to 30 locations throughout the U.S.

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Colorado bank rebrands to highlight bigger role in payments

Payments Source

The newly minted Transact Bank will provide payment processing and card issuing services to a wide range of clients.

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Ping Identity Plans To Raise $100M With Public Listing

PYMNTS

The Colorado-based online ID management company Ping Identity is going public and is trying to raise up to $100 million in an IPO on the Nasdaq exchange under the ticker “Ping,” reports said on Friday (Aug. Founded in 2001, Ping is said to be looking at a valuation of $2-$3 billion. It surveyed more than 3,000 people in the U.S.,

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Amazon Plans Whole Foods Expansions In Closed Sears Stores

PYMNTS

Amazon has its eyes on expansion for its Whole Foods brand in closed Sears and Kmart stores, according to a report by Yahoo! Those cities include Birmingham, Colorado Springs, Long Island, Milwaukee, Salt Lake City, San Antonio, Tacoma and Tulsa. Sources told Yahoo! that the company is visiting sites of now defunct retail spaces.