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Footwear

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    Trending Stores:

  • Walmart’s Jet.com acquires Zappos competitor

    A new acquisition gives Walmart an even stronger foothold in the world of e-commerce.   Jet.com, which was purchased by Walmart in September for approximately $3 billion, has acquired online footwear retailer ShoeBuy for approximately $70 million. The purchase expands Jet.com’s footwear offerings, and gives Walmart more firepower in its battle against Amazon, which owns ShoeBuy’s main competitor, Zappos.   The deal closed on Dec. 30.  

  • Amazon making plans to enter a hot apparel segment

    Job postings by Amazon may have revealed the company’s newest apparel entry: athleisure.   Several online job listings published by Amazon in December suggest that the online giant is developing a line of workout apparel, reported ReCode.     

  • Puerto Rican shoe chain makes U.S. debut at Pembroke Lakes

    Novus, the shoe retailer with 40 years’ experience and 60 stores in Puerto Rico, has opened its first stateside location at Florida’s Pembroke Lakes Mall.   “Novus is aware of the importance of the South Florida market and the large Puerto Rican population of more than 300,000 currently residing in the area that has a close identification with the brand,” said Grupo Novus Marketing Director Sandra Castellon of the brands first steps into the U.S. market.  

  • Genesco bolsters merchandising operations

    As Genesco expands its business, it needs an inventory management platform that can scale just as quickly — now it has one.   The retailer and wholesaler of branded footwear, headwear and apparel initially deployed an automated retail inventory management platform, called Vision Merchandising, from Jesta in 1998. At the time, the company operated less than 500 stores, and used the system to support the firm’s exponential growth and empower users to work more efficiently.   

  • Off-price retailer acquired with eye to expansion

    Private-equity firm Warburg Pincus has agreed to acquire Gabriel Brothers (Gabe's) from Alvarez & Marsal Capital.   The terms of the transaction were not disclosed.  

  • Analysis: The Finish Line stumbles

    While Finish Line notched up reasonable overall sales growth in its third quarter, this has been overshadowed by both very weak comparables and an almost doubling of net losses to $40.4 million.     Overall, the results are markedly worse than last quarter when total sales grew by 5.4%, aided by a 5.1% growth in comparables.  

  • Finish Line goes off course in Q3

    Finish Line missed analyst estimates for third quarter earnings, an issue the company blames on declines in its apparel and accessories categories.   The athletic specialty retailer reported revenue of $371.1 million for the 13 weeks ended Nov. 26, 2016. While this is an increase of 3.0% over the prior year period, it falls short of the consensus estimate of $411.61 million.   

  • Gap exec joining parent company of Men’s Wearhouse

    The new year will bring a new finance chief to Tailored Brands.  

  • Owner of Famous Footwear acquires made-in-the U.S. footwear retailer

    Allen Edmonds, the nearly 100-year-old men’s footwear and accessories brand whose products are handmade in Port Washington, Wisconsin, has a new owner.   Caleres announced it has acquired Allen Edmonds from private equity firm Brentwood Associates for $255 million. In addition to operating stores under the Famous Footwear banner, Caleres has a diverse portfolio of footwear brands.  
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