The Fashion Footwear Association of New York (FFANY) appointed John Heron as its new executive director, effective January 1.
Category: Footwear
Sears Gets $4.6 Billion Bid From Chairman
ESL Investments Inc., run by Sears Holdings Corp’s Chairman Eddie Lampert, has offered $4.6 billion to buy the bankrupt retailer.
U.S. Soccer Foundation Files Lawsuit Against U.S. Soccer Federation
The lawsuit was filed in the wake of a recent demand by the USSF that the Foundation cease using its widely-recognized name and logos, which have defined the Foundation’s brand and charitable work since its inception in 1994.
The Thru-Hike-Syndicate Opens Application Period For Sixth Season
Vasque announced the kick-off of the sixth season of the Thru-Hike Syndicate, a brand partner-powered program supporting a select group of thru-hikers attempting to complete the longest trails throughout North America.
Skechers President Michael Greenberg Receives Two Ten Footwear Foundation’s Award For Humanitarian Achievement
At yesterday’s 79th Annual Two Ten Gala in New York, Skechers president Michael Greenberg was given Two Ten Footwear’s most prestigious honor – the T. Kenyon Holly Award for his outstanding local, national and global humanitarian achievements for children.
Genesco Sees U.S. Footwear Business Offset Lids’ Struggles
Boosted by a 9 percent comp gain at Journeys, Genesco Inc. reported its highest quarterly comparable sales increase in more than 2.5 years. Adjusted earnings easily topped Wall Street’s targets. Lids continues to face weak headwear trends and the sales exploration of the business is taking longer than anticipated.
Run Specialty Re-Finds Its Stride
With a spurt of innovation, a healthy shake-out of stores, and a number of nimble adjustments to the changing retail landscape, run specialty is back in growth mode, according to participants at last week’s The Running Event in Austin.
G-III Shares Plummet As Apparel Manufacturers Suffer
Shares of G-III Apparel Group Ltd. were down $5.84, or 14.3 percent, at market close Thursday amid a handful of other apparel manufacturers losing value after a mixed third quarter. But G-III was, in fact, one of the better performing apparel companies in the period. The company reported earnings for the third quarter ended October 31—its largest quarter of the year—rose 15.6 percent on a 4.7 percent revenue gain.
Shopko Closing 39 Stores
Shopko confirmed that plans to close 39 of its 363 stores by the end of February. Bloomberg reported that the Wisconsin-based retailer was making preparations for a bankruptcy filing.
Amer Close To Signing Anta Merger Deal
Amer Sports is in final negotiations regarding a merger with a consortium led by China’s Anta Sports, according to reports from Reuters and Bloomberg.
Genesco Tops Wall Street Targets On Accelerating Comps
Genesco Inc. reported third-quarter earnings topped Wall Street’s consensus target as comps increased to their highest level in more than two years driven by the ongoing strength at Journeys and Johnston & Murphy. While still negative, sales trends at both Lids and Schuh continued to improve. The company narrowed its guidance for the year.
Buckle’s Comps Dip In November
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended December 1, 2018 decreased 0.6 percent
VF Corp To Open London Office
VF Corporation will open a new office in the heart of London’s Soho next Spring to help fuel growth in the U.K. market.
ISA TanTec Progresses With The Expansion Of Existing Saigon Facility
Following the recent opening of its Saigon Showroom, ISA TanTec, an international eco-friendly leather manufacturer, reports on the progress of the further expansion of its existing tannery Saigon TanTec in Binh Duong province in order to meet the growing demand for its eco-friendly LITE leather.
Newell Brands Announces Tender Offers For $1.5 Billion Of Outstanding Debt
Newell Brands Inc. commenced debt tender offers to purchase for cash of $1.5 billion in debt. The company expects to fund the tender offers with the proceeds from divestitures under the company’s Accelerated Transformation Plan (including the divestitures of the Pure Fishing and Jostens businesses, if consummated), together with available cash on hand.
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