As the retail industry evolves, the role of the chief financial officer is rapidly shifting as well. During a Sunday session at The National Retail Federation’s Big Show in New York, financial leaders from Macy’s, Rothy’s and Levi Strauss and Co. shared how the CFO role has changed over the years and outlined why they are in […]
Tiger Woods and Nike confirmed their split via Instagram on Monday, marking the end to their iconic and fruitful 27-year relationship. However, the golf legend’s post has left his fans asking a million-dollar question: Where will he go next? After thanking Nike co-founder Phil Knight and others, Woods concluded his Instagram post by stating, “People will ask if there is […]
Major footwear brands are announcing updated sales and earnings expectations ahead of and during their presentations at the 2024 ICR conference, which begins today and runs through Wednesday. Boot Barn, Crocs, Genesco, On and Wolverine Worldwide are among the many companies participating in the conference and have released updated guidance or have pre-announced recent sales results and expectations for the […]
Around 2,360 pairs of H.H. Brown Shoe Co.’s men’s work boots have been recalled after reports that the sole is not puncture-resistant, posing an injury hazard, the U.S. Consumer Product Safety Commission (CPSC) reported on Thursday. No injuries have been reported. According to the alert from the CPSC, the recall involves the men’s Redeemer 11” Waterproof Metguard Comp Toe […]
Genesco Inc. has named another former Foot Locker exec to its Journeys leadership team. The Nashville-based company, which also owns Johnston & Murphy, Schuh and other labels, appointed Chris Santaella as EVP and chief merchandising officer for the Journeys group, replacing Pete Hicks who retired in October. Santaella’s appointment is effective Feb. 5. This week, Andy Gray officially started at Genesco […]
With a $400 million donation to help revive a once-thriving Black neighborhood in Portland, Ore., Nike co-founder Phil Knight has earned a spot on The Chronicle of Philanthropy’s list of the biggest charitable donations of 2023. In April, Knight and his wife, Penny, invested $400 million in the 1803 Fund, which is described as “a private equity fund for the people” with […]
One of fashion’s favorite ways to ring in the new year is with a fresh crop of trend forecasts. All of those crystal ball readings and the pursuit of new beginnings tap into the very nature of fashion’s trend cycle: out with the old and in with the new. While it’s impossible to know what all […]
LONDON – With the challenges of lockdown in the rear view mirror, sales and profits at the Beckham family brands roared ahead in fiscal 2022, with the momentum continuing in the current year. Victoria’s and David Beckham’s various companies had a prosperous year, according to accounts filed this week on Companies House, the British government’s business register. […]
With 2024 on the horizon, it’s a good time to take stock of what will feel fresh in the new year. While there are a few trends that are likely to be left behind in 2023, many will carry over, and a few new spring ’24 trends are sure to quickly stand out. Here, a […]
LONDON – Another division of Rene Benko’s troubled Signa property empire has filed for insolvency following the collapse of the holding company last month. Signa Prime Selection, which has stakes in retailers including Selfridges, KaDeWe and Karsdadt, has filed for bankruptcy and submitted a restructuring plan in a Vienna, Austria court, according to a statement. The filing is the latest in […]