Neiman Marcus Group (NMG), which owns Bergdorf Goodman, reported on Tuesday that it saw comparable sales growth of over 30% compared to this period last year, surpassing pre-COVID benchmarks. NMG’s CEO Geoffroy van Raemdonck said that the company’s “Revolutionizing Luxury Experiences” growth strategy is already seeing strong results. The retailer saw comparable GMV growth, or […]
June 14, 2022: A-Cold-Wall* has teamed up with Converse for a limited-edition take on a new silhouette for the brand, the Sponge Crater, a mule made of a few components. The look is the brand’s first full-body structure made using comfort-focused Crater foam, as well as flat-knit uppers for breathability. Also, it features spandex collars, pull […]
FN rounds up all the store openings, closings and redesigns happening this month, from throughout the footwear industry. Send your retail news to [email protected]. June 15, 2022: Forever 21 is opening a new store in China later this month, marking the retailer’s third attempt to break into the market there. According to Reuters, the fast-fashion retailer plans […]
Striking a delicate balance in design is a worthwhile endeavor in fashion — especially for footwear. Italian footwear brand AGL does so through a deep dive into the mind of its consumer through data, taking a distinctive approach to designing its forthcoming collections. AGL’s Pre-Spring/Resort 2023 collection, “Wearable Chic,” incorporates daywear functionality, wearability and upscale […]
California authorities on June 6 recovered a major shipment of stolen Lululemon merchandise, according to an announcement from the California Highway Patrol. California Highway Patrol investigators in the Border Division’s Organized Retail Crime Taskforce seized 1,861 stolen items with a retail value of $203,688 in an apartment in La Habra, Calif. The theft was made known to […]
When Christian Louboutin does a collab, he makes sure its counts. The French shoe designer is teaming back up with Idris Elba and his wife Sabrina for another round of their capsule collection, “Walk A Mile In My Shoes,” a collaboration dedicated to diversity and inclusion and born of 2020’s social and racial justice activism movement. For […]
Neiman Marcus Group (NMG), which owns Bergdorf Goodman, reported on Tuesday that it saw comparable sales growth of over 30% compared to this period last year, surpassing pre-COVID benchmarks. NMG’s CEO Geoffroy van Raemdonck said that the company’s “Revolutionizing Luxury Experiences” growth strategy is already seeing strong results. The retailer saw comparable GMV growth, or […]
Stocks took a major hit on Friday after a highly anticipated inflation report showed a faster-than-expected rise in prices in May. Consumer prices rose by 8.6% in May compared to a year ago, according to the Bureau of Labor Statistics’ monthly report. This number was up from 8.3% growth in April and from the 8.5% growth in […]
President Biden is reportedly considering rolling back consumer duties on Chinese goods under the Section 301 tariffs that have contributed to rising prices on shoes and other basic consumer goods. Easing these tariffs, which were introduced by the Trump Administration, would be in line with an effort to mitigate the rampant inflation across the U.S. Consumer […]
After working outside of footwear for five years, industry veteran Kristin Burrows has returned to lead at OrthoLite — and has plans to make the company a “need to have” for leading shoe brands. In April, OrthoLite tapped Burrows to fill its newly-created chief brand officer role. The exec’s resume prior to OrthoLite features some of […]