Shoe Carnival is expanding its retail network with the $45 million acquisition of Rogan’s Shoes, a 53-year-old work and family footwear company with 28 locations across Wisconsin, Minnesota, and Illinois. According to Shoe Carnival, the acquisition was funded with cash flow generated in fiscal 2023 and is expected to be immediately accretive to the company’s fiscal […]
Nike Inc. has committed $3.2 million to introduce Native American and Indigenous youth to football, and has tapped several NFL teams to help. With the athletic giant’s commitment, which spans five years, Nike said each NFL franchise can receive $20,000 per year “to collaborate with local Indigenous nonprofits and other organizations and fund football-based programs for youth […]
Kevin Plank believes Under Armour has what it takes to make another hit shoe. “Everybody’s walking around with that [potential winning] lottery ticket in their pocket,” the brand’s founder and executive chairman told FN, during an exclusive interview at the company’s Baltimore campus in January, where the brand shared a look at its footwear lineup and strategy for 2024. […]
Although Kith‘s roots are in footwear and apparel, Ronnie Fieg has expanded the worlds the brand plays in throughout the years. For instance, Kith shook up the industry with its work in the automotive space with BMW, and Fieg told FN in October that the company would venture into hospitality in 2024. It appears that Fieg is now bringing Kith […]
“I could tell you the hottest shoe from 1980 to now.” Sitting on a stool inside PMC Studios in New York, Steve Madden — wearing his signature Yankees cap — is reflecting on some of his own greatest hits through the years. He lights up when he talks about the Mary Lou, the big-toed patent leather Mary […]