This fall, as Rack Room Shoes celebrates its 100th anniversary, the retail chain is also marking another proud moment. Its annual fall fundraiser for Shoes That Fit, a nonprofit that distributes footwear to kids in schools, will this year benefit nearly 700 schools in its communities, a new record for the partnership that launched in 2007. To […]
A potential freight railroad strike is looming. And retail leaders are starting to get nervous. While 10 of the 12 unions representing railroads have reached agreements for new contracts with management, two outstanding unions, which represent engineers and conductors, still have yet to come to an agreement. In the event that the groups do not […]
MILAN — Despite the challenging macro environment, Salvatore Ferragamo’s CEO and general manager Marco Gobbetti expressed his satisfaction with the “excellent progress on our strategic priorities and on building the foundational elements to accelerate our growth.” Case in point, Gobbetti can already tick off one box — his expectation, voiced in May, to start upscaling the brand’s […]
LONDON — Alexander Wang has sold minority stakes to two Chinese investors: fashion conglomerate Youngor Group, and venture capital firm Challenjers Capital. The financial terms of the deals were not disclosed. The American Chinese designer, who staged his last show in the Chinatown section of Los Angeles, Calif., said Monday the investment is “an important […]
The D’Amelio family is getting into the brand-building business. The family, which includes social media starlet sister duo Dixie and Charli as well as parents Marc and Heidi, on Tuesday announced the launch of D’Amelio Brands. The venture today announces $6 million in seed funding from a group of investors including Fanatics Inc. CEO Michael […]
Kurt Geiger has launched the “Kindness Foundation,” a new charity dedicated to giving young people the resources needed to enter creative industries. Unveiled today at an event at The Conduit in London, the British footwear and accessories company said in a statement that the charity’s primary aim is to make creative roles more accessible for […]
Rupert Campbell is only a few months on the job as Adidas’ North American president. But he already has big ideas about how to incubate a strong culture at the organization. “I want everybody to feel invested in this brand,” Campbell said. This includes the top North American executive himself, who takes time every month […]
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]. Sept. 1, 2022: Pangaia has opened the brand’s first physical experience in Los Angeles at The Grove. The launch of this pop-up aligns with a huge milestone for the company as Pangaia […]
For over two decades, Zappos has been a go-to online destination for shoppers to find fashion sandals, boots and sneakers. But in the past few years it has been quietly cultivating a different customer set through its Zappos at Work (ZAW) program. Launched in 2018, ZAW is a business-to-business platform that partners with major corporations […]
The U.S. economy added 315,000 jobs in August, just below estimates of 318,000. This number represents a dip from July, which saw 526,000 jobs added, according to a newly revised figure from the Bureau of Labor Statistics on Friday The unemployment rate rose to 3.7% from last month’s 3.5%. Notable job gains were present across professional and business […]