After months of speculation, Authentic Brands Group has agreed to acquire the intellectual property of British heritage footwear and outerwear brand Hunter. Terms of the deal were not disclosed, but according to a May report by SkyNews, Authentic’s deal could be valued at 100 million pounds ($124.8 million). Authentic has signed an agreement with Marc Fisher Footwear to be the […]
The retail landscape has changed dramatically, thanks to e-commerce and direct-to-consumer brand competition, supply chain and inventory issues, inflation, hiring challenges and today’s fickle consumer. “The entire shoe ecosystem used to be easier to navigate and flourish in,” said Jeffrey Seidman, owner of Ahh Comfort Shoes in Illinois. But many independent stores have embraced the opportunities. […]
Wolverine Worldwide announced several senior leadership changes on Wednesday as the footwear company looks to accelerate its global brand-building efforts. Among the major changes includes the promotion of Chris Hufnagel to president. According to the Rockford, Mich.-based company, Hufnagel will now be responsible for leading and driving strategy across the company’s portfolio of footwear brands, along with leading […]
Once again, Dior has decided to partner with Birkenstock on a limited-edition collection with vibrant colorways just in time for the summer. Dior and Birkenstock gained a lot of attention when they collaborated on a reimagination of the comfort footwear brand’s infamous iconic Arizona and the Boston clog. The luxury label revealed the collection during their fall 2022 […]
The luxury retail summer rush continues in the Hamptons with the opening of Louis Vuitton’s new store. The French luxury house opened the doors to its first-ever retail location in the Village of East Hampton, N.Y., right on the northwest corner of Main Street and Newtown Lane. The store, which opened on Friday, will remain open seasonally through September […]
Fronted by a new pitchman in L.A. Angels player Shohei Ohtani, and backed by a decade of unified commerce experience, New Balance executives recently shared how their partnership with retail technology provider Aptos has been instrumental in the company’s push into new markets. “You can see we’re all-in on Aptos,” Tim Walsh, product manager for New Balance’s Global Retail Technology, said […]
Shoe Carnival cut its full-year guidance on Wednesday after reporting lower-than-expected earnings in the first quarter of 2023. The Evansville, Ind.-based footwear retailer reported net sales in Q1 declined 11.4 percent to $281.2 million, compared to $317.5 million the same time last year. First quarter net income was $16.5 million, or $0.60 per diluted share, compared to […]
The New York Liberty made their home debut today, and star baller Breanna Stewart made sure the day was one fans would remember forever. Stewart — a two-time WNBA champion — scored a franchise record 45 points today in the 90-73 win over the Indiana Fever at the Barclays Center in Brooklyn, N.Y. The 45 […]
Foot Locker Inc. shares fell on Friday after the retailer reported a weak sales total for the first quarter. Total sales for Q1 were $1.93 billion, down 11.4 percent over the prior year and slightly short of the $1.99 billion expected by analysts surveyed by Yahoo Finance. Net income was $36 million compared with $133 […]
Kith is continuing its Adidas partnership with a new co-branded sneaker launch for the summer. Releasing May 19, their latest drop sees Kith reimagine three signature Adidas Originals shoes: the Samba, the Superstar and the Campus 80. All three low-top pairs are cast in tonal hues that complement the FNAA-winning menswear brand’s first summer 2023 drop. Within […]