Alessandro Michele is officially leaving Gucci. The fashion designer, who has served as Gucci’s creative director since 2015, was first reported to potentially depart the Italian luxury label on Tuesday by WWD. Previously, Michele served as Gucci’s accessories designer since 2002, taking the reigns as director upon Frida Giannini’s exit. “I would like to thank him for his 20 years […]
The original Air Jordan 2 “Chicago” is one of this year’s most anticipated releases from Jordan Brand and ahead of its drop, images of the sneaker have surfaced. Sneaker leak social media account @zSneakerheadz shared images of this year’s release of Michael Jordan’s signature shoe in the iconic “Chicago” colorway. The Air Jordan 2 was co-designed by industry veterans Peter Moore […]
FN rounds up all the store openings, closings and redesigns happening this month, from throughout the footwear industry. Send your retail news to [email protected]. Nov. 22, 2022: Allbirds has opened one of its biggest stores in the world today in Boston – its fifth retail site in the area. Located at the Prudential Center at 800 […]
FN keeps track of all of our earnings coverage for retailers and footwear companies here. Nov. 22, 2022: Nordstrom, Inc. (JWN) Earnings: The company reported a net loss of $20 million in the third quarter, down from net income of $64 million in the same time last year. Sales: For the third quarter, net sales were $3.4 billion, a 2.9% […]
MILAN – Quinto Casadei, the founder of the Casadei footwear label, died Tuesday from complications following an orthopedic surgery over the weekend. He was 88. A well-reputed entrepreneur in the San Mauro Pascoli area, a footwear manufacturing hub in the Emilia Romagna region, which is also home to Sergio Rossi and Giuseppe Zanotti, among others, Casadei established […]
Nordstrom’s sales and profits dipped in the third quarter as the company worked through inventory excesses and a decline in consumer demand. The department store retailer reported total revenues of $3.5 billion in Q3, down 2.9% from the same time last year. Net loss was $20 million, or $0.13 loss per diluted share. Adjusted earnings […]
FN keeps track of all of our earnings coverage for retailers and footwear companies here. Nov.18, 2022: Foot Locker, Inc. (FL) Earnings: Net income in the third quarter of 2022 was $96 million, or $1.01 per share, down from $158 million, or $1.52 per share, the same time last year. Sales: Total sales decreased by 0.7%, to $2.173 billion, compared […]
FN rounds up all the store openings, closings and redesigns happening this month, from throughout the footwear industry. Send your retail news to [email protected]. Nov. 18, 2022: H&M is opening a brand-new store experience in Brooklyn. Located in the heart of the Williamsburg neighborhood at 92 N. 6th Street, the over 7,000 square foot space opens […]
With more than 25 years of retail experience at Von Maur, Melody Wright has a unique perspective on the company’s growth trajectory. The executive started out on the sales floor in 1996, which she said was crucial to climbing up the ladder. And indeed, over the years, she’s held various leadership positions at the company, […]
Through two world wars, the Great Depression, recessions, massive retail consolidation and the rise of the internet and alternative shopping, the 150-year-old Von Maur has managed to survive and slowly grow through its 150-year history. The key to its longevity: operating pleasant, stress-free, easy-to-shop department stores; selectively opening and closing stores; maintaining a relatively large […]