For three of the next four months, nearly all products imported from China will be slapped with new tariffs as the country’s trade war with the U.S. rages on. List 4 products from China had their tariff rate raised to 15 percent yesterday from 10 percent. (Read More)
Caleres CEO Diane Sullivan and her management team, seeing a positive bounce from boots in Q2, are optimistic the category’s sales momentum will continue in H2 for Famous Footwear. She cited Dr. Martens, short booties and sneaker booties as having “very good” early reads in August. (Read More)
Sky Outfitters, started by college student Keaton Hendricks, is selling socks, beanies and scarves. And the three-year old Indiana company, which follows a similar business strategy to Bombas, wants to help the nation’s less fortunate in homeless shelters in the process.
The Taylor University grad admits the company needs to gain more traction in traditional retail stores where the brand’s mission can be conveyed to more consumers. Currently, the firm, which recently rebranded from Sky Footwear, sells online and into about two dozen college bookstores in the Midwest.
“We’re super focused on a great mission, bur also great products behind it,” says Hendricks, pointing out that the company designs and develops all of its casual wear in-house.
“Our team in China has done its best to address this challenging environment. That said, as the tariff situation continues to escalate, opportunities to offset that impact have begun to rapidly diminish…We are continually exploring mitigation opportunities…However, our supply chain in China is relatively sophisticated compared to those available in other low-cost countries. So rapid change is difficult.”
Adidas styles have five of the Top 10 most “Instagrammed” shoes of the year, led by the Adidas NMD, according to analysis from Forward2Me. Nike owns three of the slots, including the iconic Converse Chuck Taylor that is sixth on the list with 2.7 million tags. (Read More)
A trio of innovators will be inducted into the National Sporting Goods Association’s Hall of Fame on May 19, 2020 during the NSGA’s annual management conference and team dealer summit in Phoenix. (Read More)
The Dearborn, MI workwear brand took time out recently to celebrate its heritage and the 130th birthday of Founder Hamilton Carhartt whose initial development work focused on the apparel needs of railroad workers. (Read More)
Skateboard legend Tony Hawk launches his Signature fashion collection in North America at luxury streetwear store, REIGN, and at the experiential concept store, 10 Corso Como, where REIGN has a collaborative sneaker area. (Read More)
Amer Sports, the Wilson, Precor, Salomon and Arc’teryx parent, generated a 14 percent increase in Q2 revenues to the equivalent of $570.2 million. The net loss was $56.3 million for the period ended June 30. (Read More)