Magpi Boutique Owner Shot and Killed By Suspect Who Made Disparaging Remarks About Rainbow Flag Outside Southern California Store, Authorities Say

Laura Ann Carleton, the owner of Magpi boutique and a fashion and footwear industry veteran, was killed on Friday evening after a suspect allegedly made several disparaging remarks about a rainbow Pride flag outside her Cedar Glen, Calif. store and shot her, according to local sheriff’s officials. Carleton, known as Lauri, was 66. According to a statement […]

Happy Socks Names New CEO as It Rolls Out Fresh Brand Identity

Happy Socks has named a new top dog as refreshes its brand image. The Swedish accessories company on Monday announced the appointment of Alexander Meyer as its new CEO. He joins from Canadian retailer The Bay, where he served as chief customer officer. He also previously served as chief marketing officer of The Iconic, an e-commerce site based […]

Retail Challenges Require More Mindful, Holistic and Visual Approach

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. […]

Why Analysts Are Cautious on Foot Locker Ahead of Earnings Next Week

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. […]

Atlanta Shoe Market Sees Record Turnout as Industry Looks With Hope to Spring 2024

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 […]

Wolverine’s New CEO Has Analysts and Footwear Industry Players Feeling Optimistic

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 Acquiring Capri in $8.5 Billion Deal

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 […]

Wolverine to Close Boston Campus, Consolidate US Offices to Michigan

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 […]

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