The Italian footwear industry reported another quarter of increased sales despite a slowdown in export volume and production, according to the latest data from Confindustria Moda Research Centre for Assocalzaturifici, the national association representing Italian shoemakers. In the first quarter of 2023, the country’s shoe sector saw a 13.6 percent increase in sales compared to the […]
Crocs Inc. is accusing a former employee of stealing trade secrets and using them to manufacture competing products at Joybees, his new company. In a lawsuit filed in a U.S. District Court in the District of Colorado on Thursday, Crocs claimed that Joybees and its CEO Kellen McCarvel, a former Crocs employee, have a history of […]
Lately, Paris Couture Week has become known as one of fashion’s biggest celebrity front row events, an endless parade for A-listers and influencers alike to be seen in the most glam and over-the-top looks one could imagine. Couture’s tradition and history have always included notable names alongside its more private collectors, with a shared understanding […]
Nike Trail is getting a technology boost from Vibram. The athletic giant and the high-performance sole manufacturer announced a partnership today, which will bring Vibram’s outsoles to the Nike Trail footwear range. The first Nike Trail shoe that will feature Vibram tech is the Ultrafly Trail. The Nike Ultrafly Trail, worn by Nike Trail-backed ultrarunner Tyler Green. COURTESY OF NIKE “We […]
Italian footwear company ACBC is ready to conquer the U.S. market. The firm, which specializes in designing and manufacturing responsibly-made shoes, is gearing up to file for an initial public offering, or IPO, on the New York Stock Exchange in the first part of 2024 as it sets its sights on increasing its influence in America. Gio […]
It’s been a busy few years for footwear IPOs — and the latest brand considering going public is Birkenstock, WWD reported Wednesday. FN’s sister publication, citing sources, said that the brand’s main owner, private equity player L Catterton, has started to explore options for the hot brand, including a potential IPO. WWD said one source speculated that Birkenstock — which […]
Following the U.S. Supreme Court’s decision on Friday to strike down President Biden’s student loan forgiveness program, immediate effects on the footwear and retail industries are coming into focus. While some market watchers argue that the negative impact to the market could be a flash in the pan, most, like Liza Amlani, principal and founder of Retail Strategy Group, told […]
JD Sports is still in growth mode despite noting last week that it’s experiencing a slowdown in North America. Now, the UK-based sports retailer has inked a new deal with Dubai-based brand management company GMG on its first-ever franchise agreement. The agreement will allow JD Sports to expand into the Middle East. Under the terms of the 10-year agreement, GMG will […]
MAYFAIR MOVE: Aquazzura is the latest luxury brand to land on New Bond Street, which is coming alive once again with openings and refurbishments in the wake of the pandemic, and despite the challenges of Brexit. The new store is located at 26 New Bond Street, a space formerly occupied by brands including Lucie Campbell and Fauré Le […]
Nike missed expectations for earnings on Thursday, but analysts were still impressed with the company’s progress in North America, DTC sales and clearing through excess inventory. The athletic giant reported Q4 revenues were $12.8 billion, up 5 percent compared to 2022. For the full year, revenues were $51.2 billion, up 10 percent over the prior year. Nike […]