The U.S. economy added 372,000 jobs in June and the unemployment rate remained unchanged from May and April at 3.6%, according to data released by the Bureau of Labor Statistics on Friday. This number represents little change from May, which saw an increase of a newly revised figure of 384,000 jobs, recently adjusted by 6,000 from the originally […]
MILAN — Fabiana Filippi is “entering a new era,” in the words of co-CEO Mario Filippi Coccetta. The next steps will see the Italian fashion brand focusing on the U.S. and Chinese markets in the next three years, with the opening of branches in those regions; a new store concept developed by architect Patricia Urquiola […]
If you purchase an independently reviewed product or service through a link on our website, Footwear News may receive an affiliate commission. Nike will soon introduce a new sneaker to its acclaimed Air Max line. This week, retail shots of an unreleased Air Max shoe dubbed the Nike Air Max Scorpion have emerged in the “Phantom” colorway. […]
JD Sports Fashion Plc on Friday announced Andy Higginson as its new chair, effective July 11. The announcement comes after former executive chairman Peter Cowgill left his role in May as the company reviewed “internal governance and controls” and looked to separate the chair and CEO roles. JD Sports is still scouting out a candidate to be […]
Footwear executives in Q2 reported a dwindling outlook for the economy and the shoe industry over the next six months, a new survey finds. In its quarterly survey of leaders at the top 100 shoe companies, the Footwear Distributors and Retailers of America (FDRA) found that 87.1% of executives expect to see shopper strength weaken, marking the […]
As Versace places more emphasis on its footwear, the Italian luxury brand is gearing up to launch its latest sneaker next week. Called the Odissea, Versace’s latest sneaker serves up a futuristic design through what the brand calls an inspiration of celestial travel and the stars. According to the brand, basketball sneaker elements are cut-through […]
Imports set “another record high” this spring as the nation’s major container ports worked to reduce congestion, according to the monthly Global Port Tracker report released on Friday by the National Retail Federation (NRF) and consulting firm Hackett Associates. According to the report, ports saw a surge in activity this spring as a slowdown in cargo from […]
A new lawsuit filed by a New York-based stylist is alleging rapper Kanye West, now known as Ye, has failed to return a number of high-value apparel items. According to a complaint filed by David Casavant, LLC in Los Angeles County Superior Court earlier this week, the rapper turned fashion mogul owes Casavant’s fashion rental service, […]
Catch all the latest news about footwear industry acquisitions, and licensing and distribution agreements here. Got a deal in the works? Tell us at [email protected]. July 8, 2022: Tom Ford is reportedly up for sale, according to Bloomberg. The media outlet said on Thursday that the luxury fashion brand is working with investment bank Goldman Sachs […]
Excitement is building for the FN CEO Summit, now just weeks away. The can’t-miss August market week event is set for Aug. 3 at The Plaza. Register for the FN CEO Summit here. Today, FN announces more all-star speakers, including FDRA president and CEO Matt Priest, who will be in conversation with Genesco President and CEO Mimi […]