Looking to better engage parents of younger children who are shopping for footwear? To boost conversions with this consumer cohort, the key is offering size integrity, quality, comfort and the right price points. This was the key takeaway of FN’s recent webinar, “Get Schooled: How to Cater to Millennial Parents and Their Kids,” which featured […]
Adidas is one of the many major retail companies announcing new programs to assist employees in the wake of the U.S. Supreme Court officially striking down Roe v. Wade. The Germany-based athletic footwear maker said in a statement to FN that its medical plan for U.S. employees covers up to $10,000 per occurrence for travel and lodging […]
Skechers President Michael Greenberg said Monday that the company will expand its benefit program to include $4,000 in travel expense reimbursement so that employees can receive medical care, including abortion services, where legally available. The move comes as many companies, from Dick’s Sporting Goods to Nike to Adidas issued similar statements in the wake of the Supreme Court’s Friday decision […]
FN keeps track of all of our earnings coverage for retailers and footwear companies here. June 27: Nike, Inc. (NKE) Earnings: In the fourth quarter, Nike reported its net income was $1.4 billion, down 5%, and diluted earnings per share was $0.90, down 3% compared to prior year. But for the full fiscal year 2022, net income was $6.0 […]
The industry’s most influential power brokers. Critical conversations. An iconic New York venue. During a can’t-miss August market week event, the FN CEO Summit is set for Aug. 3 at The Plaza. Register for the FN CEO Summit here. Confirmed speakers to date include an all-star lineup of executives and retailers: Dick Johnson, Foot Locker chairman and […]
Shares for Nike, Inc. were up slightly in after-hours trading on Monday after the company beat expectations on earnings and revenue for its fiscal fourth quarter. Revenues in Q4 were down 1% to $12.2 billion compared to the prior year, with net income down 5% to $1.4 billion, or 91 cents per share. The Beaverton, […]
MILAN- Gucci is building yet another industrial platform in Italy, which will provide jobs for more than 400 workers within three years. The factory, covering more than 108,000 square feet, will be dedicated to the production of uppers for Gucci sports and elegant footwear. Work on the new building, located in Recanati, in Italy’s central Marche region, […]
Dollar Tree’s leadership team is going through some major changes, the company announced on Tuesday. CFO Kevin Wampler will move out of his role as the company searches for a successor. He will remain at the company as an advisor until April 30, 2023 and is not leaving due to disagreement with the company, Dollar Tree […]
Brands and retailers are reacting to the Supreme Court’s decision to overturn Roe v. Wade on Friday morning, though many big fashion names have remained silent so far. The ruling, which had been expected since a leaked opinion surfaced in early May, eliminates protections for abortions after nearly 50 years. The move is expected to […]
Target has joined the list of companies offering benefits to employees to help them obtain an abortion in the wake of the Supreme Court’s decision to overturn Roe v. Wade on Friday. Starting in July, the big-box retailer will expand its existing healthcare travel reimbursement policy to include costs for traveling to obtain reproductive, mental health, cardiac and […]