Footwear companies are reportedly beginning to pass along to consumers the cost of tariffs. Many U.S. companies in this sector stocked up on inventory ahead of the tariffs, but now that it is time to replenish their inventories, they are having to pay tariffs of...
Nike’s journey back to profitability, spearheaded by a reinvigorated leadership team, marks a pivotal moment in the company’s storied history. With a new CEO at the helm, Nike is focusing on three core areas — product, brand and marketplace — as it seeks to return...
Despite facing a softer-than-expected retail environment in the third quarter, Foot Locker President and CEO Mary Dillon remains optimistic about the company’s long-term digital strategy, including a new mobile app and revamped loyalty program. “While our trends in early November landed below our expectations as consumers...
Foot Locker is reportedly expanding the “Home Court” basketball sections it launched with Nike. The expansion is part of an effort by the sports apparel retailer and the sneaker giant to fix their damaged relationship, Bloomberg News reported Tuesday (Dec. 3). According to the report, Foot Locker plans to...
December 04, 2024
Despite facing a softer-than-expected retail environment in the third quarter, Foot Locker President and CEO Mary Dillon remains optimistic about the company’s long-term digital strategy, including a new mobile app and revamped loyalty program. “While our trends in early November landed below our expectations as consumers held back their spending ahead of the holiday season, we […]
November 21, 2023
As temperatures stayed warm in September and October, Kohl’s discovered that it had a surplus of its cold weather inventory beyond what was initially expected. In response to the downturn...
January 28, 2026
Global lifestyle footwear brand Allbirds will close its remaining full-price stores in the United States by the end of February. The company will devote its resources to its eCommerce platform, wholesale partnerships and international distributorships, it said in a Wednesday (Jan. 28) press release. Allbirds will continue to operate two outlet stores in the U.S. […]
September 15, 2025
Footwear companies are reportedly beginning to pass along to consumers the cost of tariffs. Many U.S. companies in this sector stocked up on inventory ahead of the tariffs, but now...
December 03, 2024
Foot Locker is reportedly expanding the “Home Court” basketball sections it launched with Nike. The expansion is part of an effort by the sports apparel retailer and the sneaker giant to fix...
October 11, 2023
German shoe retailer Birkenstock has raised $1.4 billion in its initial public offering (IPO). The company set the price of its shares in the middle of the range it had...