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Footwear News
It’s not over yet. In March, retailers were forced to temporarily shutter their doors due to COVID-19. Five months later, companies are continuing to deal with the fallout from the virus — and as cases continue to ramp up, more store closures may be on the horizon in some states. In fact, California made the...
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Primark has rejected tens of millions of pounds from the British government. The department store announced over the weekend that it would not take advantage of the country’s funding scheme, which would’ve provided it 30 million pounds, or nearly $38 million at current exchange, for bringing back its furloughed workers. “I can confirm that Primark...
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With bankruptcy purportedly imminent, Ascena Retail Group is reportedly preparing to close at least 1,200 stores. The retailer, could file for Chapter 11 protection as early as this week, according to a Bloomberg report, with an agreement in place to shed about $700 million of its $1.1 billion in debt. Across its banners — including Ann...
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As coronavirus case numbers fluctuate across states, so, too, do store openings. Retailers looking to create a successful, long-term reopening strategy will need to combine both in-person and online approaches, that can weather changing restrictions on businesses. With that in mind, Salesfloor has launched a “Post-COVID Bundle” of tools to support such strategies. Salesfloor’s mobile...
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Are you wearing a pair of Tevas or Birkenstocks right now? This summer has already proven to be unlike any other, but not even a pandemic will stop some in the perennial quest for a new seasonal sandal. And this year, it’s the “ugly” sandal — that orthopedic-looking or sport-leaning comfort sandal that many of...
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Amazon will soon provide third-party sellers with credit lines through a partnership with Goldman Sachs. As first reported by CNBC, small business owners who sell items through Amazon will soon have the opportunity to apply for credit lines up to $1 million through Goldman’s digital-banking offshoot, which is called Marcus. According to CNBC, potential borrowers...
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Investors are challenging Neiman Marcus Group’s bankruptcy plans, according to a report from Reuters. According to the media outlet, an investor group consisting of hedge fund Third Point LLC and investment firm Mudrick Capital Management LP wants Neiman Marcus to sell itself, rather than to move forward with the $600 million financing package it has lined...
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March 20, 2020: Zadig & Voltaire have decided to join the fight against the coronavirus in France. The French brand will be donating 20% of its online sales from its newest collection to the Foundation Hospitals of Paris – Hospitals of France. “France is the country that welcomed me over 20 years ago, and I...
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Several reports surfaced today that World Athletics may potentially ban Nike’s Vaporfly shoes, which are equipped with a controversial carbon-fiber plate technology that marathoners are shattering records in. If the ban goes through, industry insiders believe it could adversely impact performance running brands that are experimenting with similar innovations. The tech used in the Nike...
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Melania Trump arrived back at the White House yesterday following a trip to London. The first lady sported a classic-chic ensemble for her return. She layered a black-and-white houndstooth Alexander McQueen coat over a black dress. President Donald Trump and wife Melania touch down in Maryland Dec. 4 following a trip to London. CREDIT: Kevin...
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