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 1, 2022: Wolverine Worldwide has settled a lawsuit with HanesBrands. Under the agreement, Wolverine will sell its Champion trademarks for footwear to HanesBrands for $90 million. However, Wolverine will still […]
Kohl’s has withdrawn from exclusive talks with a suitor to sell itself, the department store retailer announced on Friday. The Menomonee Falls, Wis.-based retailer announced in early June that it entered into exclusive negotiations with Franchise Group Inc. for a three-week period to discuss an offer to sell Kohl’s for $60 per share. The three-week period was […]
Buzzy online sneaker resale platform StockX is facing a slew of troubles, from layoffs to lawsuits. Earlier this week, the company laid off 8% of its total workforce, saying in a statement that it needed to adapt and pivot its business to keep up with “macroeconomic challenges” that are impacting the economy and its business. According to an email […]
Nike Sportswear is celebrating the Air Force 1’s 40th Anniversary with a special “82” edition of the AF1 High. Dressed in a Sesame, Yellow Ochre, Sail, and Off Noir color scheme. This offering of the Nike Air Force 1 High comes constructed in a mix of suede, leather, and mesh materials. It features “82” branded tongue tags, […]
The Air Jordan 12 “Hyper Royal” is a brand new women’s release that will debut during Fall 2022. Dressed in a Hyper Royal, Black, Metallic Silver, and White color scheme. This offering of the Air Jordan 12 features a Black full-grain leather base with Hyper Royal mudguards, atop a White rubber sole. Metallic Silver details with a special graphic […]
The Nike SB Dunk High “New York Mets” joins the “Phillies” SB Dunk Low as part of an upcoming “Bubble Gum” Pack. Dressed in a Cloud Grey, Rush Blue, Team Orange, and White color scheme. This offering of the Nike SB Dunk High nods to the Mets Away uniforms featuring a Grey mesh base with suede overlays paired with Orange and […]
Following his interesting collabs in 2021, Kerwin Frost will be expanding his adidas lineup into 2022 with his next adidas collaboration. To kick things off, Kerwin will be releasing his own take on the adidas Microbounce T1 silhouette. The shoe features a furry Blue upper with matching fuzzy laces and Metallic Silver Three Stripes on the sides. Other details […]
FN rounds up all the store openings, closings and redesigns happening this month, from throughout the footwear industry. Send your retail news to [email protected]. June 30, 2022: Ross Dress for Less has announced it will open a new store in Nashville. The door, which is slated to open on July 16, consumes 25,000 square feet of real estate […]
The stock market took another hit on Thursday after the Bureau of Economic Analysis (BEA) released its latest report which showed consumer spending slowed in May. Overall consumer spending rose just 0.2% in May, according to BEA’s Thursday report. This marks a slowdown from the 0.9% growth in April. The Bureau’s measure of inflation remained unchanged from […]
Italian sneaker brand P448 is making more strides in Paris. The footwear label set up shop at Le Bon Marché at 24 Rue de Sèvres, offering its men’s, women’s and children’s footwear and apparel collection, which includes the sustainable lionfish leather capsule available exclusively at the Paris-based retailer, as well as its recent genderless Limitless collection. In […]