The stock market took another hit on Thursday after the Bureau of Economic Analysis (BEA) released its latest report which showed consumer spending slowed in May. Overall consumer spending rose just 0.2% in May, according to BEA’s Thursday report. This marks a slowdown from the 0.9% growth in April. The Bureau’s measure of inflation remained unchanged from […]
Italian sneaker brand P448 is making more strides in Paris. The footwear label set up shop at Le Bon Marché at 24 Rue de Sèvres, offering its men’s, women’s and children’s footwear and apparel collection, which includes the sustainable lionfish leather capsule available exclusively at the Paris-based retailer, as well as its recent genderless Limitless collection. In […]
The U.S. Supreme Court is the subject of more polarizing headlines today, this time for its controversial decision that’s widely considered detrimental to the fight against climate change. Today, in a 6-3 vote — with the conservatives in the majority and liberals dissenting — the U.S. Supreme Court stated Congress, not the Environmental Protection Agency, has the authority to […]
Consumer spending slowed in May, as American consumers felt the sting of inflation across the marketplace. Overall consumer spending rose 0.2% in May, according to a Thursday report from the Bureau of Economic Analysis (BEA). This marks a slowdown from the 0.9% growth in April. The Bureau’s measure of inflation remained unchanged from the last […]
The UK-based outdoor performance brand announced Mike Snell as its next CEO. Inov-8 confirmed Snell will join the business in October. Snell will succeed Wayne Edy, the founder of Inov-8, who was serving as its interim CEO. “Landing Mike as our new CEO is a real coup. He comes with a wealth of sports industry experience, a […]
LONDON – Mulberry Group’s moves to tighten operations, put a strong focus on sustainability and online sales are paying dividends, with profits more than quadrupling in fiscal 2022, and sales up nearly 33%. Mulberry’s pandemic years were not easy: The British brand laid off staff, shut stores and factories, bid farewell to its designer Johnny Coca, and […]
Target has joined the list of companies offering benefits to employees to help them obtain an abortion in the wake of the Supreme Court’s decision to overturn Roe v. Wade on Friday. Starting in July, the big-box retailer will expand its existing healthcare travel reimbursement policy to include costs for traveling to obtain reproductive, mental health, cardiac and […]
June 29, 2022: Converse is releasing its first collaboration with Barriers Worldwide next month. Founded in 2015 by Steven Barter, Barriers uses fashion to inspire consumers to understand Black history and the figures from key moments. According to the company, the debut collection details a historical journey which guides the audience via messages and symbols that give voice […]
The Federal Trade Commission (FTC) is suing Walmart for “turning a blind eye” to scammers who used the company’s money transfer system to steal from customers. In a complaint filed Tuesday in a U.S. district court in the Northern District of Illinois, the FTC said Walmart allowed its money transfer services to be used to […]
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 29, 2022: Burberry has taken over Neiman Marcus Atlanta with the launch of its TB Summer Monogram collection. The installation features a large-scale exterior takeover – a first in Neiman Marcus history – […]