With over 27 million treatments every year across 6,500 stores, the company is now expanding into the U.S. and aims to “create a new niche category for the ambitious shoe retailer to better serve the consumer sustainably through our globally patented technology,” said Oliver Hede, North American manager of IMBOX Protection. The footwear treatment itself […]
FN keeps track of all of our earnings coverage for retailers and footwear companies here. Sept. 29, 2022: Nike, Inc. (NKE) Earnings: Net income was $1.5 billion in the first quarter of 2023, down 22%. Diluted earnings per share was $0.93, decreasing 20%. Sales: Revenues increased 4% in Q1 to $12.7 billion compared to the prior year and were up […]
It has been four years since Gherardo Felloni took the helm as creative director of Roger Vivier, ushering in a new era for the luxury heritage footwear brand that has centered on “Hotel Vivier,” an immersive (and traveling) installation designed to highlight the statement-making shoes and handbags of each season, with over-the-top tableaux that has […]
Walmart has opened the first of four new high-tech fulfillment centers. The big-box retailer opened a new fulfillment center in Joliet, Ill., the first of four “Next Generation” centers slated to open over the next three years. Walmart leaders, government officials and community members celebrated the opening of the new 1.1 million square-foot center, located at 3501 […]
Amazon is upping its pay for its front-line workers ahead of the holiday season. The e-commerce giant on Thursday announced that average starting salaries for employees in fulfillment and transportation would increase from $18 to more than $19 per hour, marking an almost $1 billion investment over the next year. Depending on their position and […]
The world of sneakers is well represented at the top of the Forbes 400 wealthiest people in the U.S. list. Warren Buffett holds the No. 5 position on the list, which was released by the publication today. Buffett’s net worth for the 2022 Forbes 400 list is $97 billion. The multibillionaire’s real time net worth as […]
Rare is the company that reaches a decades-long milestone – but a 50-year-old mainstay in the retail space is a true anomaly that prompts both inquiry and esteem. For Brazil-based Arezzo & Co., purveyor of fashionable footwear, handbags, and accessories for its sweeping portfolio of 16 distinctive brands, the company has expanded swiftly and successfully […]
While the fashion capital has been back to business for a few seasons post pandemic, Paris Fashion Week’s spring ’23 season looks to be one of the busiest, with big brands continuing the tradition of celeb-packed spectacles and smaller brands jumping in to reconnect with the industry IRL. Big shows from the likes of Saint […]
REI Co-op is encouraging its employees to exercise their right to vote this November by delaying the opening of its stores by two hours this election day, on Nov. 8, to give every employee paid time off for civic engagement. As part of its Your Vote Can’t Wait campaign, the co-op has also created an election […]
Tapestry Inc. and its Kate Spade New York brand have introduced a new three-year partnership with Harlem’s Fashion Row (HFR). The new multiyear mentorship program is part of HFR’s annual HBCU Fashion Summit, which aims to transform the art and fashion programs at historically Black colleges and universities (HBCUs) across America by providing students with direct design expertise from […]