Category: BUSINESS

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BUSINESS

Soirée Scene: Mr Porter and Zegna Host Al Fresco Hamptons Event + More

Alessandro Sartori, Kieran Culkin and Alison Loehnis
Alessandro Sartori, Kieran Culkin and Alison Loehnis
Estimated read time 7 min read

July 3, 2023: Mr Porter celebrated its latest “Summer Stories” campaign with Zegna in the Hamptons on Friday. The menswear retailer and Italian luxury brand came together […]

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BUSINESS

Nike Taps Vibram to Give a Technology Boost to Its Trail Footwear

Nike trail runner Nienke Brinkman in the Nike Ultrafly Trail, which features Vibram technology
Nike trail runner Nienke Brinkman in the Nike Ultrafly Trail, which features Vibram technology
Estimated read time 3 min read

Nike Trail is getting a technology boost from Vibram. The athletic giant and the high-performance sole manufacturer announced a partnership today, which will bring Vibram’s outsoles to the Nike Trail […]

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BUSINESS

Analysts Say Supreme Court Student Loan Decision Could ‘Significantly Impact’ Consumer Spending on Shoes

People rally against the U.S. Supreme Court's latest decisions to strike down Biden's student loan forgiveness plan on Friday, June 29. ANADOLU AGENCY VIA GETTY IMAGES
People rally against the U.S. Supreme Court's latest decisions to strike down Biden's student loan forgiveness plan on Friday, June 29. ANADOLU AGENCY VIA GETTY IMAGES
Estimated read time 5 min read

Following the U.S. Supreme Court’s decision on Friday to strike down President Biden’s student loan forgiveness program, immediate effects on the footwear and retail industries are coming into focus. While […]

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BUSINESS

JD Sports Poised to Expand Into the Middle East With First Franchise Agreement

A large group of shoppers wait outside the entrance for the JD Sports store to open on London's Oxford Street on April 12, 2021. SOPA IMAGES/LIGHTROCKET VIA GETTY
A large group of shoppers wait outside the entrance for the JD Sports store to open on London's Oxford Street on April 12, 2021. SOPA IMAGES/LIGHTROCKET VIA GETTY
Estimated read time 3 min read

JD Sports is still in growth mode despite noting last week that it’s experiencing a slowdown in North America. Now, the UK-based sports retailer has inked a new […]

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BUSINESS

Analysts Say Nike Wins in DTC, Jordan Brand Can Help the Company Overcome Challenges

People walk past the Nike Store on Fifth Avenue in midtown Manhattan in New York.
People walk past the Nike Store on Fifth Avenue in midtown Manhattan in New York.
Estimated read time 4 min read

Nike missed expectations for earnings on Thursday, but analysts were still impressed with the company’s progress in North America, DTC sales and clearing through excess inventory. The […]

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BUSINESS

Victor Wembanyama Soars in Size 21 Shoes at NBA Draft With Green Louis Vuitton ‘Alien’ Suit on the Red Carpet

Victor Wembanyama Soars in Size 21 Shoes at NBA Draft With Green Louis Vuitton ‘Alien’ Suit on the Red Carpet
Victor Wembanyama Soars in Size 21 Shoes at NBA Draft With Green Louis Vuitton ‘Alien’ Suit on the Red Carpet
Estimated read time 3 min read

The 2023 NBA Draft has officially kicked off and all eyes are on the night’s headliner, France’s Victor Wembanyama. Since the San Antonio Spurs won the draft lottery […]

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BUSINESS

Under Armour Begins Corporate Layoffs

kelsey-plum-under-armour-protect-this-house
kelsey-plum-under-armour-protect-this-house
Estimated read time 2 min read

Under Armour is laying off employees. The Baltimore, Md.-based company confirmed to Footwear News that it has cut 50 roles across various units in its […]

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BUSINESS

Why These Nike and Lululemon Veterans Teamed Up to Launch a Volleyball Footwear Line

Avoli is a new footwear brand that targets female volleyball players.
Avoli is a new footwear brand that targets female volleyball players.
Estimated read time 5 min read

         Footwear industry veterans Rick Anguilla and Mark Oleson have collectively spent decades innovating in new categories in the footwear market at […]

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BUSINESS

Puma reorganizes its global marketing organization

Puma reorganizes its global marketing organization
Puma reorganizes its global marketing organization
Estimated read time 2 min read

This major reorganization of Puma’s global marketing organization includes the relocation of the Brand Management and Marketing Operations from Boston to the Germany’s headquarters From […]