Starting in October, France will award bonuses to encourage people to give their clothing and shoes a second chance. Announced on Wednesday, the initiative aims to promote sustainable fashion and reduce waste, cutting down on the 700,000 tons of clothes French citizens throw away each year, most of which end up in landfills. The eco-friendly project allows customers to claim 7 […]
Update: July 12, 2023 Anta confirmed late on Tuesday that it has signed a partnership deal with American basketball superstar Kyrie Irving. According to the footwear brand, the two parties will embark on a new business collaboration, aiming to create a brand-new signature product line for Irving. As a new member of the Anta family, Irving will actively serve […]
Inflation in June rose at slowing rate, and footwear retail prices saw a decrease for the first time in more than two years. Consumer prices rose 3 percent in June compared to last year, according to the latest Consumer Price Index released on Wednesday by the U.S. Bureau of Labor Statistics. This marks the smallest 12-month increase since the […]
The Italian footwear industry reported another quarter of increased sales despite a slowdown in export volume and production, according to the latest data from Confindustria Moda Research Centre for Assocalzaturifici, the national association representing Italian shoemakers. In the first quarter of 2023, the country’s shoe sector saw a 13.6 percent increase in sales compared to the […]
Crocs Inc. is accusing a former employee of stealing trade secrets and using them to manufacture competing products at Joybees, his new company. In a lawsuit filed in a U.S. District Court in the District of Colorado on Thursday, Crocs claimed that Joybees and its CEO Kellen McCarvel, a former Crocs employee, have a history of […]
Lately, Paris Couture Week has become known as one of fashion’s biggest celebrity front row events, an endless parade for A-listers and influencers alike to be seen in the most glam and over-the-top looks one could imagine. Couture’s tradition and history have always included notable names alongside its more private collectors, with a shared understanding […]
Nike Trail is getting a technology boost from Vibram. The athletic giant and the high-performance sole manufacturer announced a partnership today, which will bring Vibram’s outsoles to the Nike Trail footwear range. The first Nike Trail shoe that will feature Vibram tech is the Ultrafly Trail. The Nike Ultrafly Trail, worn by Nike Trail-backed ultrarunner Tyler Green. COURTESY OF NIKE “We […]
Italian footwear company ACBC is ready to conquer the U.S. market. The firm, which specializes in designing and manufacturing responsibly-made shoes, is gearing up to file for an initial public offering, or IPO, on the New York Stock Exchange in the first part of 2024 as it sets its sights on increasing its influence in America. Gio […]
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 […]