Foot Locker Commits $200 Million To Support Black Community
Foot Locker Inc. will invest $200 million over the next five years to support the black community through investments in black-owned businesses within...
02 July, 2020
News & Media
Contact Andy Polk at 202-737-5660 for any media or research requests. FDRA has data and insights on issues such as shoe sales, sourcing, sustainability, design development as well as trade and tariff impacts on consumers.
Sign up for the footwear industry’s FREE weekly newsletter, FDRA’s Week in Review. It comes out each Friday and includes key footwear business data, updates and alerts.
Footwear Industry News Feed
Amazon Establishes Counterfeit Crimes Unit
Amazon announced it has established a new Counterfeit Crimes Unit, dedicated to bringing counterfeiters that violate the law and Amazon’s policies by listing...
02 July, 2020
Eddie Bauer Joins Facebook Boycott
Eddie Bauer will pull its advertisements from Facebook in support of the “#StopHateforProfit” campaign. #StopHateForProfit, a coalition of civil rights organizations led by the...
02 July, 2020
Macy’s Announces Restructuring To Address Sales Impact From The Pandemic
Macy’s Inc. announced it will reduce corporate and management headcount by approximately 3,900 as part of a restructuring to align its cost base...
02 July, 2020
Deckers Brands Appoints Independent Director
Deckers Brands announced the appointment of Victor Luis to its Board of Directors. Coinciding with this appointment, Deckers also announced that James Quinn...
02 July, 2020
NRF: Pandemic Recession Could Already Be Easing
The economic downturn brought on by the coronavirus has officially been declared a recession, but National Retail Federation (NRF) Chief Economist Jack Kleinhenz...
02 July, 2020
Genesco Names New Board Chair
Genesco Inc. has named Mimi E. Vaughn, the company’s president and chief executive officer, to the additional position of chair of the board...
01 July, 2020
Survey: A Third Of Supply Chain Leaders Exiting China By 2023
A Gartner Inc. survey of 260 global supply chain leaders in February and March 2020 found that 33 percent had moved sourcing and...
30 June, 2020
Sperry Names New VP Design & Development
Sperry, a division of Wolverine World Wide, Inc., has named Sean McDowell the new vice president of design and product development. In this...
29 June, 2020
VF Announces Organizational Changes To Support China And Emerging Platforms Growth
VF plans to hire its first president, Greater China. Kevin Bailey, executive vice president & Group President, APAC, will continue leading the Asia...
29 June, 2020
Under Armour Sees Athletic Performance Focus As A Pandemic Benefit
At the Stifel Cross Sector Insights Conference, Patrik Frisk, CEO and president of Under Armour, said he believes the brand’s amplified focus on...
24 June, 2020
How Columbia Sportswear Plans To Ride Out Pandemic
Speaking at the Stifel Cross Sector Insights Conference, Jim Swanson, CFO, Columbia Sportswear, said the company’s diversified business model, accelerated investments in digital...
24 June, 2020
Puma Opposes Nike’s “Footware” Trademark Application
Puma has initiated opposition proceedings in connection with Nike’s application to use the word “footware” for use on sneaker-specific software products and services,...
24 June, 2020
SFIA COVID-19 Report Sees Some Positive Movement On Sales
The 2nd edition of the COVID-19 Industry Impact Report from the Sports & Fitness Industry Association (SFIA) finds that while most sporting goods...
23 June, 2020
Target Bumps Starting Minimum Wage to $15/Hour, Adds Frontline Worker Bonus
Target will permanently raise its starting wage for U.S. employees to $15/hour effective July 5, 2020. The move was announced with a range...
23 June, 2020
The North Face and REI Pull Ads From Facebook
The North Face and REI both said they would temporarily stop buying Facebook ads in solidarity with calls for a boycott from civil...
23 June, 2020
Rack Room Commits $1 Million To Black Scholarship, Internship, Mentoring Programs
Rack Room Shoes announced it committed to a $1 million donation, $200,000 per year for five years, to use towards a diversity plan...
23 June, 2020
Shoe Carnival Sees Strong Q2 Trend as Stores Re-Open and Online Surges
Shoe Carnival, Inc. has re-opened all but one of its 390 stores across the U.S. and Puerto Rico following closures prompted by the...
23 June, 2020
Fleet Feet Finds E-Commerce Boost Amid Pandemic
Fleet Feet has reopened 170 of its 184 stores in some capacity to strong initial results for many franchisees, according to a profile...
23 June, 2020
VF Positioned Well To Manage Pandemic
Speaking at the 2020 Stifel Cross Sector Insights Conference, Steve Rendle, VF Corp.’s chairman, president and CEO, said moves beginning in 2017 to...
18 June, 2020
Analyst Sees Nike Benefiting From Heightened Wellness Focus
Raymond James analyst Matthew McClintock raised his price target on Nike Inc. as the virus has heightened consumers’ desire to refocus on health...
18 June, 2020
Cat Footwear Appoints VP Of Marketing
Cat Footwear, owned by Wolverine Worldwide, appointed Kelly Ballou, shown right, as its VP of marketing. Ballou joined the company in 2003 as...
18 June, 2020
Nike Makes Juneteenth An Annual Paid Holiday
Nike is making Juneteenth, which takes place on June 19 and commemorates the end of slavery in the U.S., an official paid company...
17 June, 2020
Mall Landlords, Authentic Brands In Talks To Acquire J.C. Penney
Mall owners Simon Property Group and Brookfield have partnered with Authentic Brands to explore a purchase of bankrupt department-store chain J.C. Penney, sources...
17 June, 2020
Vans Opens First Official Building In Japan
Vans has opened the first Vans building in Japan. The three-floor building located at the center of Harajuku, Tokyo, comprises multiple zones for...
17 June, 2020