Sneaker and streetwear retailer Atmos’s parent company Foot Locker is reportedly pulling the plug on the banner’s U.S. operations some two years after purchasing the digitally focused global retailer based in Japan for $360 million.

Heading into the Holiday season, some 46 percent of brands and retailers don’t have enough cash or are unsure if they do to pay for the additional staff, inventory, and operational costs needed, according to a new Economics of Holiday Sales report from Creditsafe.

Actress Penélope Cruz has been named GEOX's first ever brand ambassador, the brand announced. Cruz is appearing in a worldwide advertising campaign for GEOX this year, with the campaign split into two phases — beginning with the launch of the women's Autumn-Winter 23-24 collection.

Retailers of all types may soon gain some relief from the cost of debit card swipes for purchases, which are currently $0.21, an additional $.01 for fraud prevention plus .05 percent of the transaction amount that is pegged for fraud recovery efforts.

The eight-year-old brand Vuori, founded by Joe Kudla, which has been developing a new perspective on performance apparel through the integration of fitness, surf, sport, and art, is reportedly in talks with various investment banks about a possible public float of its stock sometime in 2024.

Nike senior executives, who last week described the company’s current FY24 as “the turning point” for driving more profitable growth, expect key global wholesale partners such as Dick’s Sporting Goods in the U.S. and Zalando in Europe to...

This year marks 100 years in business for Lebo’s, a retail stalwart with multiple stores in the Carolinas. Where to start in telling the century-long success story of this family-owned business? Let’s start at the beginning…

JD Sports, the U.K.-based parent of Finish Line/JD, DTLR, and Shoe Palace generated organic sales growth of 15.4 percent in North America for the six months ended July 29. Total H1 North American sales rose by 18.1 percent to the equivalent of $1.6 billion.

Birkenstock, which filed an IPO registration on Sept. 12 and is projected to have an $8 billion valuation when it goes public, plans to trade on the New York Stock Exchange under the ticker, “BIRK.” The offering is projected to go off during the first half of October.

An estimated 26 percent of Americans intend to spend less during Holiday 2024 than last year with 38 percent of lower-income households (less than $45K) saying they will spend less during the upcoming season, according to a new survey from global consulting firm AlixPartners.

Mitsuyuki Tominaga, 61, who has played a key role in promoting the digitalization of ASICS since 2018, is slated to become president and Chief Operating Officer of the Japanese company on March 22, 2024, following the retirement of company Chairman and Director Motoi Oyama.

Despite experiencing a 7.8 percent drop in Q2 sales to $792.2 million, impacted by ongoing macroeconomic pressures on consumers and an “extremely promotional” retail environment, Designer Brands executives...

Birkenstock, whose brand is synonymous with its footbed and its long German heritage dating back to 1774, filed for a public offering on the New York Stock Exchange yesterday.

Family shoe chain Shoe Carnival, which has now reached 400 doors for the first time since 2018, is gaining traction with higher-income households but seeing its urban, under $30K household income customers struggle and subsequently purchase fewer pairs of footwear.

Nashville-based Genesco, which will see its 44-year employee, Mario Gallione, retire as its Journeys Group president sometime in Feb. 2024 after six years in the position, is holding the line on its FY24 outlook despite difficult results within the teen footwear business in Q2.

Although Caleres’ Brand Portfolio sales fell by 9 percent in H1 to nearly $626.4 million, the segment realized 460 basis points year-over-year improvement in gross margin to 42.8 percent. H1 operating profit declined by 1.8 percent to $69.5 million.

Foot Locker, which lowered its financial outlook for the remainder of its fiscal year after reporting poor Q2 results, is continuing to make investments in technology and key vendor partnerships as it works toward shifting its merchandise mix to 40 percent non-Nike products by 2026.

Numerous factors contributed to poor quarterly results for Foot Locker, which were “broadly in line” with the retailer’s expectations.

Yue Yuen, which suffered a 12 percent sales decline to $4.15 billion and a 52 percent drop in profitability to $83.6 million for the six months ended June 30...

The Swiss brand On, which celebrates its second anniversary as a public company next month, increased its Q2 sales in the Americas by 60 percent to the equivalent of $337.8 million for the three months ended June 30.

Flagging Wolverine Worldwide made an abrupt change in its executive suite last week and announced the closure of its Boston office by year-end as the company struggles to get its financial house in order and work more on brand building.

Asics, which now anticipates its current FY sales to reach the equivalent of $3.84 billion, reported 20 percent first half growth in its performance running business to $1.03 billion.

With the brand’s current strength in Europe, Asia-Pacific, and Latin America, Under Armour is implementing a strategy under new CEO Stephanie Linnartz that will put its U.S. business back on a growth path.

There were signs of progress for Adidas in the company’s recent second quarter financials, but the North American market was not one of them.

A difficult year-over-year comparison and industrywide footwear inventory issues plagued Skechers’ Q2 results in the Americas where wholesale revenues fell 19 percent, but the company was still able to achieve more than $2 billion in revenues and...