Foot Locker is parting ways with its Footaction business, converting approximately one-third of the 231 doors to Foot Locker or Champ Sports banners with expanded women’s, kids’ and apparel offerings and letting leases on the remaining locations expire over the next two years.

HOKA’s global revenues rose 62 percent to $571 million for the fiscal year ended March 31, and will more than likely top $800 million this FY on route to $1 billion in annual global revenues. Deckers’ senior management says the topline expansion will be achieved through...

Informa Markets Fashion is bringing MAGIC to New York. The trade show organizer announced that it will debut MAGIC New York this September with plans for a twice annual NYC event. Scheduled to take place September 19-21, 2021 at the Jacob Javits Center at the same time as...

Aiming to fuel product and marketing excitement behind its largest brand and regularly connect it to its most ardent customers, VF Corp. is launching a globally coordinated weekly drop cadence for Vans in June that marries product and experiential demand creation.

Shoe Carnival, the 383-door chain, is seeing its ecommerce business continue to rise, but is still forecasting brick-and-mortar growth to outpace its ecommerce expansion in 2021 “as consumers continue to seek in-person experiences and family activities outside the home...

The global footwear market could reach $440 billion by 2026. The estimate, provided in a new report from Global Industry Analysts (GIA), assumes a 2.3 percent CAGR for the entire segment and a 1.9 percent CAGR for the athletic segment.

Tom Adams, the inventor and founder of Kaepa athletic shoes and a one-time Catholic priest died earlier this month in San Antonio after a brief illness. He was 89. An avid, lifelong tennis player and a flight instructor for the last two decades, one of his final projects in the shoe industry was...

Last week, the Merrell, Saucony and Sperry parent exceeded Q1 earnings expectations and raised its FY21 revenue range by $50 million to $2.24-$2.3 billion. But senior Wolverine executives also disclosed the company’s ongoing need to airfreight products to meet market demand...

During a period when it launched its METASPEED Sky racing shoe for elite athletes, ASICS Corp. realized more than 40 percent growth in the performance run segment. Strong performance run sales across four global regions, including North America, pushed category sales up 43 percent to...

The national chain, which has more than 45 percent of its doors in California, Arizona or Texas, generated 53 percent of its net sales last year from footwear. That percentage equates to an implied $473.5 million, up from 51 percent of net sales or $431.24 million in FY20.

It will be back to business in-person this August for FFANY Market Week, the Footwear Distributors and Retailers of America (FDRA) announced last week. FFANY Market Week will take place the week of August 2, 2021.

Dick’s Sporting Goods, the largest full-line sporting goods chain in the U.S., is opening a new off-price store concept — Going, Going, Gone — this month as part of an expansion that also includes a new warehouse store, a Dick’s-bannered location, six redesigned Golf Galaxy locations and...

The off-price, 430-door retailer Big 5 Sporting Goods is actively pursuing expanded relationships with existing footwear vendors and partnerships with new shoe vendors to help make up for likely lost Nike sales in the months ahead.

For a brand that has adopted “Own the Game” as one of its latest global marketing mantras, 2021 should be very good to Adidas. CEO Kasper Rorsted says the Three Stripes is “seeing a slow and steady recovery” from COVID-19 impacts.

Paul Van Doren, who co-founded Vans in 1966 with his brother James, died May 6. He was 90 years old. His passing came only nine days after the publication of his book “Authentic: A Memoir by the Founder of Vans.” His younger brother James died a decade ago at 72.

Rockport has appointed Steve Holt as Brand President. For the past four years, Holt has served as Rockport’s Senior Vice President, International. In this new role, Holt will lead all aspects of daily operations, developing and executing brand plans to identify areas of...

Campbell, CA-based retailer Beck’s Shoes has an ambitious acquisition strategy in place, and it includes ensuring the legacies of the small, family-owned shoe stores they are acquiring. Fifth-generation independent family shoe store operators, cousins Adam Beck and Julia Beck-Gomez, are expanding...

Berkshire Hathaway-owned Brooks, on a rolling 12-month basis, is projected to hit $1 billion in aggregate annual sales from its wholesale channel and website this month, CEO Jim Weber told Barron’s last week ahead of the parent company’s virtual annual meeting from Los Angeles on May 1.

According to a report from Reuters, the Swiss-based running footwear brand On is working on a possible U.S. IPO for the Fall that could value the company in the $4-5 billion range. On, which has had backing from tennis star Roger Federer since 2019, was launched in 2010...

Demand for Columbia and SOREL branded footwear continues to rise, but it’s outpacing the production capacity for both labels in Asia. “Remember, many of these footwear factories were shut down with the pandemic raging in China,” Columbia Chairman and CEO Tim Boyle told analysts last week.