Aussie Brand FRANKiE4 Sets Up Shop in Emerald City
FRANKiE4, a women’s fashion/comfort footwear brand from Down Under, following its successful U.S. ecommerce launch in 2021, has opened a retail store and its U.S. retail headquarters in the Capitol Hill neighborhood of Seattle.
Official FDRA/FFANY “Market Week” Will Not Occur in February
Citing its own research from discussions with both retailers and brands, the Footwear Distributors and Retailers of America (FDRA) and Fashion Footwear Association of New York (FFANY) last week announced its decision to not formally promote its scheduled New York Market Week next month.
Early Reads on Q4 Results, FY22 Mixed
Ahead of the ICR Conference earlier this week, several companies released preliminary Q4 results and forecasts for FY22. Lululemon cited consequences of the COVID-19 Omicron variant—limited staff availability, higher capacity constraints and reduced operating hours...
Boot Barn Pleased with Performance of Northeast Stores
Boot Barn, which expects to end its FY22 in March with 300 doors nationwide, says its new locations in the Northeast are “outperforming expectations” with cannibalization coming in less than anticipated.
Why Crocs Is Acquiring HEYDUDE
Aiming to be a more ubiquitous player in the $125-billion, global casual footwear market, Crocs is acquiring privately-owned HEYDUDE for $2.5 billion in a cash and stock deal.
Genesco Inks Etonic Licensing Deal
Heritage athletic brand Etonic will be back at retail next year. The Licensed Brands division of Nashville-based Genesco, which also operates the Journeys retail chain, has secured an exclusive three-year agreement for the 145-year-old brand with Etonic Holdings Inc.
Nike Accelerates Investments in Soaring Digital Business
The Swoosh is putting more capital into its distribution network to scale a digital-first supply chain, and leaning more heavily on advanced analytics, automation and technology to make it happen.
Canadian Firm Lands Prince Lifestyle Footwear License
Pajar Canada, a fifth-generation family shoe business based in Montreal since 1963, has struck a lifestyle footwear deal for the Prince brand with its parent, Authentic Brands Group.
Alpargatas Takes Stake in Sustainable Footwear Brand Rothy’s
Brazilian lifestyle footwear maker Alpargatas, owner of the Havaianas brand, is making a strategic investment in Rothy’s Inc., a digital-first, sustainable footwear brand based in San Francisco.
Dr. Martens Raising Prices for Fall/Winter 2022
Senior executives of the British footwear company Dr. Martens, which commenced an IPO on the London Exchange in January with a valuation approaching $4.89 billion, confirmed last week that product price hikes are on the horizon due to higher transportation and raw material costs.