In the last week, luxury companies have announced divergent results for their most recent quarters. Tapestry, the New York-based parent company of Coach, Kate Spade and Stuart Weitzman, this week raised its outlook for the full fiscal year 2023 after it beat expectations in the holiday season. Ralph Lauren also beat sales expectations, noting a solid […]
The footwear industry is responding after deadly earthquakes struck various regions in Turkey and Syria earlier this week. As of Thursday, more than 20,000 people were confirmed dead, and more than 70,000 others were injured. In the wake of the natural disaster, Turkish footwear companies and other fashion brands and organizations are helping support relief […]
Launching shoes is no easy feat. Just ask Brandon Blackwood, who remembers hearing disappointing news about his line while standing by a highway in between two towns in Portugal, eating to-go ribs. “If people just knew the adventures that came up to this point. … Those shoes have caused real tears,” he recalled. Despite some […]
A monthly roundup of footwear brands and retailers that are participating in charitable causes. Share your news with us at [email protected]. Feb. 8, 2023: Kohl’s announced today a $750,000 donation to Hunger Task Force to further the organization’s mission of ensuring everyone in the Milwaukee community has access to nutritious food at no cost. The grant, which is […]
Brazilian sandal giant Grendene recently formed a joint venture with independent investment company 3G Radar to accelerate growth for its portfolio of footwear brands. The new entity, Grendene Global Brands, will draw on 3G Radar’s business management expertise and Grendene’s manufacturing capabilities, and handle the production and operations of eight staple brands: Melissa and Mini […]
Puma has tapped The Marathon Clothing (TMC) for an upcoming sneaker project. The German sportswear brand announced on its release calendar that the latest TMC x Puma Suede “Status Symbol” collab will be released before month’s end. According to the brand, this collaborative Puma Suede colorway is inspired by the iconic styles featured in the late rapper […]
Shares for Capri Holdings were down more than 25% on Wednesday morning after the company posted disappointing results in the third quarter, missed earnings expectations and cut its annual profit forecast. The company, which owns Michael Kors, Jimmy Choo and Versace, reported total revenue in the third quarter of $1.51 billion, a decline of 6% from the […]
Retailers are pulling back on orders amid inventory excesses and slowing consumer demand. That’s bad news for brands that rely on department stores and other retailers to drive a significant portion of their business. As these brands report earnings for the most recent quarter, many are noting challenges in the U.S. wholesale market that will […]
FN highlights the latest sustainable initiatives this year, including product launches, material innovations and corporate strategies. Send your news to [email protected]. Feb. 7, 2023: Children’s brand Stride Rite, a division of Wolverine Worldwide, has unveiled two new eco-conscious kids’ sneakers as part of its Stride Forward collection. The new styles include the Sprout for first walkers and the […]
Within a few steps into Timberland’s headquarters in Stratham, N.H., visitors are reminded of the history the brand created 50 years ago with its Premium 6-Inch Boot. Near the entrance, a collection of limited-edition iterations of the iconic style, and its instantly recognizable buttery wheat colorway are on display, a range created to celebrate a […]