Footwear News’ Post

👟Sketchers sneaker brand has seen a huge surge in demand in the past few months, with sales up over 30%. 📈 This rise in popularity is largely attributed to the brand's ever-growing range of products. 🤩 From classic silhouettes to bolder designs targeting the comfort and easy living market. 🤩 The brand has also seen a boost in sales due to its commitment to sustainability. 🌎They have implemented a number of eco-friendly initiatives, such as using recycled materials in the construction of their sneakers. 🌎Their commitment to sustainability has resonated with customers, leading to an increase in sales. #Sketchers #Sneakers #SustainableBrands

Portfolio company Tamara Mellon announces partnership with footwear licensing company Titan industries. Luxury shoe designer Tamara Mellon is partnering with licensing company Titan Industries to operate and manufacture her namesake brand, the two companies announced Friday. Under Titan Industries, which produces footwear for brands like Badgley Mischka and L’Agence, Tamara Mellon will enter wholesale for the first time next year. Terms of the deal were not disclosed. Titan Industries will manage Tamara Mellon’s e-commerce business, which has been its primary distribution channel since launching in 2016. Titan will also move the shoe brand’s production from Italy to Spain, where it has an established network of shoemakers and manufacturers. “When I started the company in 2016, I wanted to focus on DTC only, but as we have grown, both here in the US and internationally, we see an opportunity in being able to service those clients with more ease through key wholesale channels,” Mellon said in a statement. Mellon, the co-founder of Jimmy Choo, raised at least $87 million in venture funding for her brand, which was an early adopter of the monthly drop model over the traditional seasonal production cycle. In 2018, it opened a flagship location in Los Angeles. The brand generated around $30 million in sales that same year, BoF previously reported. Tamara Mellon raised $50 million in Series C funding in 2019, in a round led by London-based investment firm Centricus. Other investors included New Enterprise Associates (NEA) and Quadrille Capital. At the time, the brand had plans to use the new capital for retail expansion and manufacturing innovation. #DTC #consumer #wholesale #retail https://lnkd.in/eVznkCqn

As it launches with Marks and Spencer and a preloved trial in London after a year of record sales, Johan Munck, CEO of Swedish childrenswear brand POP – formerly known as Polarn O. Pyret – tells Drapers about building a profitable resale model. Read more below. #PolarnOPyret #kidswear #preloved #fashionnews #resale #retailnews

[Shoe market study] How is the footwear industry going? Far from mere functional use, shoes have become objects of desire. While some traditional players are closing their doors, unexpected brands are rapidly gaining market share. 👟  In 2022, sneakers accounted for 28% of the footwear market in France, with Nike accounting for 17.5% of that share 📈  In the UK, Crocs multiplied its market share by five in just two years ⚒️  VEJA has ventured into sneaker repair as a pioneer in this service Full article here: https://bit.ly/3tugPL0 👈🏻 #shoesmarket #veja #crocs #birkenstock #nike #sneakersmarket #foxintelligence

Mike Lester, CEO of lifestyle retailer WoolOvers, speaks to Drapers about why the business has acquired Hotter Shoes and what its future plans are for the heritage footwear retailer. Read the full story below. #hotter #woolovers #footwear #fashion #retail #retailnews

“Our new store concept cements Foot Locker’s position as the leader in sneaker culture by offering an engaging, cutting-edge shopping experience for the sneaker passionate,” Foot Locker’s president and CEO Mary Dillon stated in a press release.  I spoke with Inside Retail US and Nicole Kirichanskaya and what this all means for the 👟 retailer. Some of my insights: Foot Locker is headed in the right direction with their ’store of the future’ strategy. In fact, it is long overdue. This strategy will put a spotlight on product obsessed sales associates, hyper-localized assortments as well as curated experiences. Rethinking the physical store will get Footlocker to take customer insights and inform product and store decisions based on location and community. This will make every store different and get customers excited about visiting the retailer. The sneaker industry has lost a lot of its luster. Brands like Nike and Under Armour are overstocked with SKUs, and adidas would have had a rough year if it wasn’t for the Samba. Additionally, there are more brands competing for market share. On and HOKA have taken the running community by storm. Brooks Running is focused on innovation and wholesale while PUMA Group and Reebok are relying on celebrities as creative directors to capture a new customer base. The hype around exclusivity and limited editions is not as exciting for consumers, and it will take a lot more than just the product to persuade shoppers to buy. Retailers like Footlocker have the upper hand if they reimagine the physical store as a destination for innovative and exciting experiences vs. focussing on pushing a handful of brands. It’s all about the customer and getting them to spend time in your store. Find the entire article here --> https://lnkd.in/ebzaEUam Shoutout to Neil Saunders and Marie Driscoll, CFA 🙌🏽 #retail #retailnews #footlocker #footwearnews #stores #cx #merchandising

Mike Lester, CEO of lifestyle retailer WoolOvers Ltd, speaks to Drapers about why the business has acquired Hotter Shoes and what its future plans are for the heritage footwear retailer. Read the full story below. #hotter #woolovers #footwear #fashion #retail #retailnews

Mike Lester, CEO of lifestyle retailer WoolOvers Ltd, speaks to Drapers about why the business has acquired Hotter Shoes and what its future plans are for the heritage footwear retailer. Read the full story below. #hotter #woolovers #footwear #fashion #retail #retailnews

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