Month: November 2023

Foot Locker Increased Non-Nike Assortment of Brands Like Ugg, Hoka and On in Q3

Foot Locker executives on Wednesday said the retailer is making progress on its efforts to increase the assortment of brands outside of the Nike ecosystem. In a call with analysts discussing third quarter results, Foot Locker president and CEO Mary Dillon said that the chain’s brand mix diversity outside of Nike increased to 36 percent of sales in Q3, […]

The Good Feet Store Launches Its First Shoe on Black Friday

The Good Feet store is kicking off the holiday season with a big first. The retail company — which manufactures and sells customized arch support systems intended to help reduce foot, knee, hip and back pain — is launching its first footwear style on Black Friday. Richard Moore, CEO of The Good Feet Store, said that his team spent a year and […]

These Footwear Brands Won Black Friday + A Look at the Holiday Weeks Ahead

Thanksgiving weekend has come and gone, but a number of key footwear brands appear to have made their mark during one of the biggest shopping periods of the year. While retailers were generally optimistic about early holiday in their Q3 earnings calls, many said they would emphasize value to win over inflation-stricken consumers during an uncertain economic environment. According to a […]

Golden Goose Continues to Grow Sales, Margins in First Nine Months of 2023

MILAN – The expansion of direct-to-consumer sales and investments in consumer experience contributed to a solid growth of Golden Goose across geographies in the first nine months of the year. Revenues of the Italian brand rose 19 percent to 421 million euros in the period ended Sept. 30. Compared with 2021, sales climbed 60 percent. In the […]

Retailers Say Newness and Value Will Drive Holiday: These Are the Footwear Brands Set to Win

Retailers in the third quarter noted a broad consumer pullback in discretionary categories. But that didn’t stop them from sharing positive projections for Black Friday, Thanksgiving weekend and subsequent Christmas shopping weekends. While retailers are generally optimistic about holiday, many are emphasizing value to win over inflation-stricken consumers during an uncertain economic environment — and that means […]

4 Reasons Why Ugg Is Hot Right Now

Another Ugg comeback is officially taking hold. After several quarters of lagging sales, Deckers Brands reported on Thursday that the label has returned to gains in the second quarter of fiscal 2024 — and the momentum is expected to continue. In fact, the Goleta, Calif.-based footwear company reported that Ugg saw net sales in the period increase 28.1 percent to […]

Veja ‘Cancels’ Black Friday in Favor of Sneaker Repairs

Veja is sitting out of the Black Friday mania this year. The sustainable sneaker company announced on social media that instead of promotions, they will offer customers a free sneaker repair in one of its cobbler locations. In June 2020, the company launched the Darwin project to minimize waste with a facility in France that cleans and restores worn sneakers and […]

Retailers Say Newness and Value Will Drive Holiday: These Are the Footwear Brands Set to Win

Retailers in the third quarter noted a broad consumer pullback in discretionary categories. But that didn’t stop them from sharing positive projections for Black Friday, Thanksgiving weekend and subsequent Christmas shopping weekends. While retailers are generally optimistic about holiday, many are emphasizing value to win over inflation-stricken consumers during an uncertain economic environment — and that means […]

Report: Nike Hires Former Amazon Fashion Chief as New Technology Head

Amazon‘s head fashion executive Muge Erdirik Dogan has left her role at the e-commerce giant to become the chief technology officer at Nike, according to a report in Bloomberg. Erdirik Dogan served as the VP of fashion and fitness at Amazon since February of 2021, according to her LinkedIn account. Amazon confirmed in a statement that she departed to “pursue […]

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