Global economic stress, workforce shortages, lingering inflation, supply chain hiccups and demands for greater omnichannel capabilities continue to challenge retailers and brands while also impacting consumer behavior. Today’s consumers are price-point wary and want more bang for their buck. They’re savvy shoppers who expect their favorite brands to deliver exceptional shopping experiences online and in-stores. […]
Analysts are taking a cautious view on Foot Locker ahead of the retailer’s earnings report next week. In notes to investors this week, analysts warned that soft Nike sales, a weakened consumer base and a general lack of compelling product (including the absence of Yeezy sneakers) will likely play a role in challenging results for the footwear retailer in Q2. […]
The footwear and fashion industry has been marshaling its resources to aid the local communities in Maui, Hawaii, after the island was devastated by wildfires last week. As of Aug. 15, officials were reporting that the death toll from the fires stood at 106, making it the worst natural disaster in the state’s history and the country’s […]
The energy level was high this past weekend, as footwear retailers and brand execs from across the globe gathered for the August edition of The Atlanta Shoe Market. The trade show hosted the biggest event in its more than 80-year history, with over 1,500 brands and a record turnout. Executive director Laura Conwell-O’Brien told FN that attendance among […]
Wildfires have been raging for days in Maui, Hawaii, devastating the island’s communities. According to local officials, more than 55 people are confirmed dead and fire teams continue to work to contain multiple blazes, which have been fueled by high winds from Hurricane Dora. Much of the devastation has been centered in the town of […]
Wolverine Worldwide has a new top dog — and analysts are feeling overall positive about the leadership change. After announcing the sudden firing of its CEO Brendan Hoffman on Thursday, Wolverine named Christopher Hufnagel, formerly president of the company, as president and CEO. Hufnagel joined Wolverine in 2008 and served in several leadership roles before being named president in May 2023. In […]
Tapestry Inc. is buying Capri Holdings in a roughly $8.5 billion deal that alters the fashion landscape and remakes the world of accessible luxury handbags. The acquisition brings together Tapestry’s Coach, Kate Spade and Stuart Weitzman with Capri’s Michael Kors, Versace and Jimmy Choo to create a $12 billion giant. It’s a transaction that marks the culmination of years of deal making […]
In tandem with a major leadership shift at the CEO level, Wolverine on Thursday announced the planned closure of its Boston headquarters by the end of the year and the consolidation of its offices across the U.S. to its Rockford, Mich., campus. The announcement came as Wolverine Worldwide announced sagging results for the second quarter, as well as the sudden exit of CEO Brendan Hoffman. The company […]
Jake Paul defeated Nate Diaz in their highly-anticipated boxing match Saturday night at the American Airlines Center in Dallas, and he got the win in a $100,000 custom Travis Scott-inspired outfit by Dominic “The Shoe Surgeon” Ciambrone. The black-and-white look, the acclaimed designer said in a statement, was inspired by the YouTube star turned boxer’s admiration for the “Sicko Mode” rapper’s […]
This back-to-school season, Zappos is kicking it old-school. The online shoe retailer has rolled out a ’90s-style catalog to advertise its kids’ and teen merchandise. The catalog, which was sent out in mid-July to about 700,000 customers who typically purchase shoes for kids, includes product images, games and a shoe sizer. The catalog is designed to pull on […]