Oofos Completes New Funding Round
Summary
Welcome back to FN Daily, where we break down the biggest stories happening in footwear and retail.Today, were talking about Oofos completing a new funding round and Pensole Lewis College partnering with Logitech. Crew is the latest retailer to lay off employees.Lets get into it.Oofos has completed a new round of funding, which was led by Derek Carr of the New Orleans Saints, retired NFL quarterback Alex Smith and WNBA star turned championship-winning womens college basketball coach Dawn Staley.The trio of sports stars all had ties to the active recovery footwear brand prior to the round of funding. Pensole the countrys first design-focused Historically Black College or University (HBCU) will also work with Logitech to develop a curriculum infused with technology to assist the design process.The donated products have already helped PLC kickstart its official podcast, Blacklights, where leading diverse creatives discuss topics related to the industry.J. Since the start of 2023, REI, Amazon, Bolt, Everlane, Kohls, Saks and more retail and technology companies have announced major cuts across their workforces. ThredUp Exec Says Consumers Are Acknowledging the Truth About Resale PVH Revenues Top Estimates With Strength at Tommy and CalvinWant more?