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 […]
The D’Amelio family talks to FN about their new shoe line, what makes a video go viral and of course, the importance of family time.
We’ve all been there. Dad wants nothing for Christmas. Dad wants nothing for his birthday. Dad buys a pinball machine for the basement without saying anything about it. Dad forgets Father’s Day. Finding gifts for men and older men in particular can be a pain in the ass. Love is not enough. The card will […]
On Holding just had its best quarter yet, fueled by supply chain improvements and soaring demand for the burgeoning running brand. While The Swiss running shoe brand is rooted in perfomance, it has gained favor among non-athletes as well who have opted to buy the brand for its “cool” factor. According to Piper Sandler’s 45th semi-annual survey […]
Under Armour’s apparel deal with Notre Dame may soon be coming to an end. The sponsorship deal has reportedly expired, according to a report in Sports Illustrated. This leaves the university open to new opportunities for other deals with brands such as Nike and Adidas, who are could emerge as two likely suitors to fill […]
Aurora James is no stranger to the fashion industry. Her footwear brand Brother Vellies is celebrating its 10-year anniversary and after winning the CFDA/Vogue Fashion Fund in 2015, James finds herseld in a full circle moment as she has now been voted in as a vice chair of the Council of Fashion Designers of America. In her […]
Under Armour CEO Stephanie Linnartz wants to win over more female consumers. And she plans to leverage shoes to do it. “Footwear must also be part of the long-term equation to grow the women’s business,” Linnartz told analysts in a call discussing the company’s fourth quarter earnings on Tuesday. “We will go after women harder than this […]