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 […]
PARIS — LVMH Moët Hennessy Louis Vuitton said organic sales for its key fashion and leather goods division rose 9 percent in the fourth quarter, in line with market expectations, confirming a normalization of growth rates even as the world’s biggest luxury group reported record full-year revenues for 2023. In results reported after the market close on Thursday, LVMH […]
REI is the latest company to announce significant workforce reductions this year. CEO Eric Artz notified employees in a Jan. 25 letter that the outdoor retailer would lay off 357 people across its organization, including 200 corporate employees at its Sumner, Wash. headquarters and 121 in its distribution centers. The news follows Nike’s December announcement to “streamline” its […]
Skechers is pushing further into the soccer category, and adding another top player to its growing roster of athletes. The company on Tuesday announced that it has signed Premier League Arsenal and Ukrainian National Team defender Oleksandr Zinchenko to its roster of European soccer professionals. The news follows Skechers’ long-term signing of Bayern Munich striker Harry Kane in August which […]
Puma shares dropped on Wednesday after the athletic company reported a hit to its business in Q4 and warned that external challenges to the business would likely continue through 2024. “For 2024, we foresee the geopolitical and macroeconomic challenges as well as highly volatile currencies to persist,” said Puma CEO Arne Freundt in a statement. “This continues to […]
DSW parent company Designer Brands Inc. has tapped retail veteran Andrea O’Donnell for the role of brands president, EVP of Designer Brands, as the company seeks to bolster its share of owned and licensed brands. O’Donnell, who has served as the CEO of shoe and apparel retailer Everlane since 2021, will oversee the sourcing, design and distribution […]