Americans spent a record $5.29 billion this Thanksgiving, up 2.9% over last year, according to data released by Adobe Analytics this morning. Big discounts on toys and electronics enticed shoppers, according to Adobe Analytics. Mobile shopping – purchases made through smartphones – accounted for 55% of online sales, an all-time record for Thanksgiving Day since 2012. […]
Fred Segal has landed in New York City. The celeb-favorite Los Angeles-based specialty store has opened a 1,600-square-foot pop-up shop at 252 Lafayette Street, in the heart of Manhattan’s SoHo neighborhood. Fred Segal’s NYC pop-up marks the retailer’s first standalone footprint for its freshly launched private label collection, Neighborhoods. Built on a foundation of heritage, inclusivity, and love, […]
Saks Fifth Avenue is getting into the holiday spirit. To celebrate the launch of its 2022 holiday campaign and an integrated partnership supporting the Elton John AIDS Foundation, Saks hosted its iconic light show and window unveiling at its New York Flagship with a special performance of “Your Song” by Sir Elton John on Tuesday night. […]
Fashion brands are having a moment. After two years of an athletic boom, occasion-based apparel and footwear is coming back in a major way, as people return to live events, meetings and offices. Retailers this past quarter have noticed the shift as well, with many calling out the success of fashion brands in their assortment. […]
Vandals attacked buildings on Adidas’ North American campus over the weekend. Windows and doors were smashed on the east side of the campus, the athletic giant confirmed. Nine suspects wearing ski masks and goggles were responsible for the damage, which occurred at around 1:48 am on Sunday, Nov. 20 around North Greeley Avenue, the Portland […]
Frequent New Balance collaborator Bodega has reimagined the athletic brand’s 9060 sneaker. Next month, the boutique retailer will deliver its New Balance 9060 “Age of Discovery,” a look that Bodega said via statement uses the palette of its 990v3 collaboration with the brand as a launchpad. The look employs different hues of blue that Bodega explained “emphasizes the texture and form of […]
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% […]