Latest News
15 Nov Obama Administration Drops TPP Agenda
The White House has verified that the Obama Administration will not push forward in its efforts to seal the Trans-Pacific Partnership (TPP) during his last days in office. President-elect Donald Trump has opposing views in regards to the passing of the TPP...
11 Nov How Birkenstock’s CEO Motivates His Team
“I went to school for business administration and accounting, so I’m a bit of a numbers jock. I’ve got an accounting degree. But I happened to work part time when I was in college in the shoe department in a Macy’s. That introduced me to...
11 Nov Nike To Open Mega-Store In Lower Manhattan
Nike on Friday, November 11 will open a five-story, multi-sport category, 55,000-square-foot retail experience in New York City’s Soho neighborhood. The store, located at 529 Broadway at Spring Street, is designed to “deliver the best of Nike’s personalized services,” including exclusive trial spaces, product customization...
11 Nov Puma Lifts Guidance After Robust Q3
The company’s third-quarter highlights included an 11 percent sales increase, currency adjusted to €990 million (+8 percent reported), with growth across all regions, along with improved sell-through at Puma-owned retail and key retail partner locations. Gross profit margin, however, lay flat at 45.8 percent, despite...
11 Nov Skechers Transitions South Korean Business
Skechers, a global leader in lifestyle and performance footwear, is transitioning its business in South Korea from a third-party distributor to a new joint venture with Luen Thai Enterprises. LS Networks distributed Skechers in South Korea from 2009 to 2016....
10 Nov The Trans-Pacific Partnership is Dead, Schumer Tells Labor Leaders
The Senate’s soon-to-be top Democrat told labor leaders Thursday that the Trans-Pacific Partnership, the trade deal at the center of President Obama’s “pivot” to strengthen ties with key Asian allies, will not be ratified by Congress....
10 Nov Sneakernomics: The Election’s Potential Impact on Footwear Sales
In Trump’s nomination acceptance speech at the Republican National Convention (RNC) in Cleveland last summer, trade was a prominent topic. While the GOP has traditionally been a party to support free trade and international trade deals, Trump’s position was for renegotiating the terms of key...
10 Nov Millennials turn on New Balance After Company Spokesperson Makes Comments in Support of Trump
"The Obama admin turned a deaf ear to us & frankly w/ Pres-Elect Trump we feel things are going to move in the right direction” NB says the comment was taken out of context by the Wall St. Journal, but the comments led to outrage...
09 Nov A Teen Donated More Than $30,000 Worth of Shoes to Children in Need
While many 13-year-olds are showered in gifts at their bar mitzvahs, a teenager from El Paso, Texas, decided to use the opportunity to give back to those in need instead. In lieu of gifts, Drew Frank asked his bar mitzvah guests to make donations, which...
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