Nike Inc said MSCHF, the Brooklyn-based company that made “Satan Shoes” in collaboration with rapper Lil Nas X, has agreed to voluntarily recall the footwear as part of a legal settlement.
Category: Footwear
Sneaker Reseller StockX’s Valuation Reaches $3.8 Billion In New Funding Round
StockX LLC said it had notched a $3.8 billion valuation by selling $60 million of new stock and letting some employees sell $195 million of their shares to investors at that price point.
Vibram Announced Executive Leadership Changes
Eric Rosen, a 20-year veteran of Vibram, will retire in April, and in conjunction with his departure, Vibram announces changes to its senior management team.
IBM Consumer Study Points To Potential Recovery Of Retail And Travel Industries
According to the findings of a new global consumer study released by IBM’s Institute for Business Value (IBV), respondents surveyed are mostly confident in the safety, effectiveness, and distribution of the COVID-19 vaccines and indicate a desire to return to ‘normalcy’ after being vaccinated. But different rules, personal preferences, and social norms formed during the last year mean that key industries need to provide more personalized marketing and client experiences to remain competitive and engage successfully with consumers.
Nordstrom Announces Closing Of $675 Million Of Senior Unsecured Notes
Nordstrom Inc. announced the closing of its previously announced offering of $250 million aggregate principal amount of its 2.300 percent senior notes due 2024 and $425 million aggregate principal amount of its 4.250 percent senior notes due 2031.
Foot Locker Releases 2019/20 Impact Report
Foot Locker Inc. released its Impact Report, which describes the company’s efforts to advance its environmental, social and governance (ESG) priorities.
Buckle’s March Sales Triple
Buckle Inc. announced that net sales for the 5-week fiscal month ended April 3, 2021, increased 240.2 percent to $139.4 million from net sales of $41.0 million for the prior year 5-week fiscal month ended April 4, 2020.
VF Corp Opens New Warehouse In Leicestershire
VF Corporation, through its local subsidiary VF Northern Europe Limited, announced it has begun operations at its new multimillion-dollar fulfillment center in Bardon, Leicestershire, England employing approximately 250 people during peak periods.
Nike And Lululemon Gain Ground In Piper Sandler’s Semi-Annual Teen Survey
Nike and Lululemon earned new highs is mindshare while Under Armour’s improved, according to Piper Sandler’s 41st Semi-Annual Generation Z Survey. Adidas fell to No. 5 in clothing mindshare, the brand’s lowest level since Fall 2017.
North Face Innovation Expert To Lead Stanford’s LifeLabs Textile Start-Up
Scott Mellin, who previously served as the innovation leader at The North Face for FutureLight and The Advanced Mountain Kit, has been named CEO of LifeLabs Design, Inc., a Stanford University-supported textile start-up focused on sustainable solutions.
NRF: Retail Import Surge Expected Through Summer
The unprecedented surge of imports at retail container ports that began last summer is expected to continue at least through the end of this summer as retailers work to meet increased consumer demand, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Under Armour Marketing Exec Joins Walmart
Walmart appointed Courtney Carlson, former head of North American marketing at Under Armour, as SVP of category marketing, developing strategies and programs for its core retail business units.
FDRA: Casual Shoes Expected To Lead Spring Footwear Sales
Casual shoes/sneakers ranked as the most popular shoe choice this Spring, among 53 percent of likely shoe buyers, according to a survey commissioned by the FDRA as part of its Spring 2021 Footwear Buying Trends report. Running or gym shoes were the next most popular choice with 32 percent, followed by work shoes or other footwear with 9 percent, and fashion-focused shoes with 5 percent.
New Balance Appoints Creative Director MADE In USA
New Balance has appointed Teddy Santis creative director of its MADE In USA sub-line.
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