News
Nike to lay off 775 as it consolidates US distribution centers
2+ hour, 58+ min ago (257+ words) The activewear retailer is'accelerating technology and automation use in the hopes of improving efficiency across its supply chain. Nike is laying off around 775 employees across Tennessee and Mississippi as it consolidates its U.S. distribution center operations. A Nike spokesperson said the…...
Birkenstock revenue jumps, but tariff headwind remains
1+ mon, 1+ week ago (313+ words) The footwear brand's Q4 revenue increased 15% year over year. Meanwhile, it expects tariff and currency translation headwinds to impact fiscal 2026 growth. Despite the impact of U.S. tariff changes, Birkenstock executives remained positive that consumer demand was strong for its final quarter of…...
Clarks unveils first Cloudsteppers store in US
1+ mon, 1+ week ago (286+ words) Cloudsteppers, known for its flip-flops for women, is expanding to become lifestyle-focused with more store openings on the way. Though the Cloudsteppers flip-flop brand has sold more than 25 million pairs of its Breeze Sea shoes, Clarks wants to expand and…...
From comfort to court: Skechers’ quest to become a performance brand
2+ mon, 1+ week ago (1108+ words) Best known for its slip-on shoes, the footwear retailer has moved decidedly into everything from golf to basketball in its search for more share. For Skechers, long known for its slip-on shoes, 2022 was a turning point." That was the year…...
Crocs promotes Adidas vet to lead Heydude
2+ mon, 1+ week ago (230+ words) Rupert Campbell arrived at the brand in March and now takes on new responsibilities, following the promotion of former brand chief Terence Reilly. Campbell is taking over at what could be a pivotal moment for Heydude. That was ahead of…...
Under Armour breaks with Steph Curry as restructuring program expands
2+ mon, 1+ week ago (474+ words) After more than a decade of working together, the NBA star and his Curry Brand will separate from Under Armour. The latest step in Under Armour's turnaround is the end of a decade-long brand ambassadorship." Since 2013, Curry has repped Under…...
Jordan’s first US World of Flight store is in Philadelphia
3+ mon, 3+ week ago (364+ words) The location, the concept's sixth worldwide, will open next week near Rittenhouse Square. The Jordan brand will open its first U.S. World of Flight location next week in a historic Beaux Arts building on Philadelphia's Walnut Street, near Rittenhouse Square, Nike…...
The Weekly Closeout: Skechers deal clears hurdles while Gap eyes store improvement
4+ mon, 3+ week ago (659+ words) 3G Capital will take the footwear brand private next week. Meanwhile, Gap Inc. CEO Richard Dickson sees work to do in brick and mortar. It's been another week with far more retail news than there is time in the day. Below,…...
Skechers releases Q2 revenue results ahead of planned go-private deal
5+ mon, 2+ week ago (238+ words) A shareholder lawsuit filed to stop the $9.4 billion deal was withdrawn, paving the way for the merger to close this quarter. Skechers Q2 earnings report is the company's first since announcing plans to go private through a $9.4 billion deal with 3G Capital....
Skechers debuts ‘SKX Full-Court Press’ basketball shoes
5+ mon, 3+ week ago (301+ words) The footwear brand tapped'LA Sparks star Rickea Jackson to debut the shoe at the start of the WNBA season and showcase the product in its marketing campaign. Skechers continues to lean into the performance footwear space with its new basketball…...