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 […]
After soft launching his shoe collection last year, Mario Lopez is ready for the big reveal. The actor and two-time Emmy award-winning host of “Access Hollywood” is launching his eponymous casual sneaker collection this fall. Slated to drop in Shoe Dept./Encore stores as well as the soon-to-be-launched Mariolopezshoes.com in September, the new men’s sneaker range offers five styles featuring […]
British heritage footwear and outerwear brand Hunter has officially gone into administration, the equivalent to bankruptcy in the UK. Hunter Boots owes more than £115 million (or about $146 million) in debt to creditors, according to documents filed last week by AlixPartners, which is listed as the shoe company’s administrator. AlixPartners declined to comment. The company […]
Lawmakers on both sides of the political aisle came together on Wednesday to celebrate Capitol Hill’s first-ever sneaker day. The event was hosted by the newly formed Congressional Sneaker Caucus, which seeks to bring together a bipartisan group of Congress members and staff via a shared appreciation for sneakers and their impact on culture. The Footwear Distributors & Retailers of […]
Pharrell Williams’ debut show as the Louis Vuitton men’s creative director was an undeniable hit. The star-studded event, which took place Tuesday during Paris Fashion Week, showcased the multihyphenate’s spring ’24 collection, which featured several eye-catching looks — especially when it came to footwear. Highlights included Mary Janes in patent leather with a T-strap shape, fuzzy oversized boots with bear-like paw […]
Sneakers have long provided a platform for brands to celebrate holidays or commemorative moments. Halloween and Christmas sneakers are commonplace every year, for example, as are releases surrounding Breast Cancer Awareness Month and Pride Month. Juneteenth sneakers, however, are not something you see in the marketplace. The reasons insiders believe this is the case are […]