Wolverine Worldwide has a new top dog — and analysts are feeling overall positive about the leadership change. After announcing the sudden firing of its CEO Brendan Hoffman on Thursday, Wolverine named Christopher Hufnagel, formerly president of the company, as president and CEO. Hufnagel joined Wolverine in 2008 and served in several leadership roles before being named president in May 2023. In […]
Tapestry Inc. is buying Capri Holdings in a roughly $8.5 billion deal that alters the fashion landscape and remakes the world of accessible luxury handbags. The acquisition brings together Tapestry’s Coach, Kate Spade and Stuart Weitzman with Capri’s Michael Kors, Versace and Jimmy Choo to create a $12 billion giant. It’s a transaction that marks the culmination of years of deal making […]
In tandem with a major leadership shift at the CEO level, Wolverine on Thursday announced the planned closure of its Boston headquarters by the end of the year and the consolidation of its offices across the U.S. to its Rockford, Mich., campus. The announcement came as Wolverine Worldwide announced sagging results for the second quarter, as well as the sudden exit of CEO Brendan Hoffman. The company […]
Jake Paul defeated Nate Diaz in their highly-anticipated boxing match Saturday night at the American Airlines Center in Dallas, and he got the win in a $100,000 custom Travis Scott-inspired outfit by Dominic “The Shoe Surgeon” Ciambrone. The black-and-white look, the acclaimed designer said in a statement, was inspired by the YouTube star turned boxer’s admiration for the “Sicko Mode” rapper’s […]
This back-to-school season, Zappos is kicking it old-school. The online shoe retailer has rolled out a ’90s-style catalog to advertise its kids’ and teen merchandise. The catalog, which was sent out in mid-July to about 700,000 customers who typically purchase shoes for kids, includes product images, games and a shoe sizer. The catalog is designed to pull on […]
In a call with analysts this week, Adidas CEO Bjorn Gulden described North America as the company’s “biggest problem.” Business in the region was down 16 percent in the quarter and down 18 percent for the first half of the year. “America is the most difficult market for us to sell into currently because the market is […]
From language and rhythm to art, technology and politics, hip-hop’s influence on pop culture has been — and continues to be — enormous. In many ways, hip-hop culture is American culture, an aesthetic that has been exported worldwide in the five decades since DJ Kool Herc held his first hip-hop party at 1520 Sedgwick Ave. in […]
Shares for Boot Barn Holdings were up more than 5 percent shortly after markets closed on Wednesday, following a sales and earnings beat for the Western apparel and footwear retailer. In the first quarter of fiscal year 2024, Boot Barn reported net sales of $383.7 million, an increase of 4.9 percent over the same time last year, and ahead […]
From language and rhythm to art, technology and politics, hip-hop’s influence on pop culture has been — and continues to be — enormous. In many ways, hip-hop culture is American culture, an aesthetic that has been exported worldwide in the five decades since DJ Kool Herc held his first hip-hop party at 1520 Sedgwick Ave. in […]
Skechers is expanding its partnership with Snoop Dogg with a new collaborative collection. Just months after the entertainment icon starred in the footwear brand’s Super Bowl commercial, Snoop Dogg has launched a new shoe collaboration with Skechers as part of a multi-year partnership. According to the footwear brand, the new collaborative sneakers “capture Snoop’s aesthetic” through an array of […]