Nolee Anderson discovered a passion when she found the trades, and now the trim carpenter and Team Wolverine member wants to make sure future generations of girls can find their way, too — and she definitely wants them to have better boots. Anderson is one of the initial class of young tradespeople picked by Rockford, MI-based Wolverine to be the face of its outreach to young people considering careers in the skilled trades.
The doubling of its office, design and showroom space to over 330,000 square feet, is part of Skechers’ commitment to both further global growth and its hometown community, according to the brand. The expansion, slated for completion during the company’s 30th anniversary year in 2022, will include an enlargement of the existing corporate office in Manhattan Beach, CA.
The post-mortem on Holiday ’18 is underway as preparations for the next season commence. As two department stores, Kohl’s and Macy’s, revealed somewhat disappointing seasonal comparable store sales, several research firms issued reports on key trends that emerged during the two-month period when online sales surged more than 17 percent to an estimated $122 billion.
The Footwear Insight team was in Las Vegas this week for the FN Platform show to scope out the season’s best trends, and the show delivered. Whether it was women’s, men’s or kids, brands were showing styles that will set the style agenda for fall ’19.
In an increasingly promotional environment, consumers of all kinds are looking for a deal — and even in the features-oriented outdoor market, brands say making sure they’re offering value at an attractive pricepoint is critical.
Late last month, the debut collection from Reebok’s brand partnership with Victoria Beckham was unveiled. In the past decade, former pop star Beckham has become an internationally recognized style icon and fashion designer. Her line with Reebok is a curated offering of “essential performance and streetwear pieces.”
Camilo Lyon, an analyst at Cannaccord Genuity, released his predictions for the 2019 year in retail. We dove in to present the highlights.
Aetrex is launching a 3D Printed Custom Orthotics program for 2019. Utilizing data captured from Aetrex’s proprietary Albert foot scanner, Aetrex says it is able to translate complete data to produce an orthotic that matches precisely to the individual’s foot.
After a year when its Americas’ region lost the equivalent of more than $36 million on a 15 percent drop in total revenues due to weak U.S. sales, Asics America is making structural and executive suite changes, including at the top.
After a year when its Americas’ region lost the equivalent of more than $36 million on a 15 percent drop in total revenues due to weak U.S. sales, Asics America is making structural and executive suite changes, including at the top.
More than 2,500 Payless doors in North America will shutter this spring as the privately-held retailer prepares to file for Chap. 11 bankruptcy for the second time in two years. When Payless last filed for bankruptcy protection in 2017, the chain had 4,400 doors.
With flat revenue in North America and a 12 percent drop in inventory globally, Under Armour is refocusing on performance and premium positioning to try and drive growth, but top line growth is unlikely until FY2020, the company said in its year-end earnings report.
Puma exceeded the 2 billion euro sales mark in footwear for the first time in FY2018 with a reported increase of 10.6 percent to $2.58 billion, helped by strength in running, training and Sportstyle. Including ecommerce, Puma retail sales rose 24 percent last year to $1.33 billion, or slightly more than 24 percent of all sales.
Todd Dalhausser is ready to take Altra into a new era. The industry vet and former SVP of sales for Saucony North America was named as brand president to the performance running and outdoor brand last November.
Chaco is taking customization to the next level with its new MyChacos PrintShop program. Launched last week, PrintShop uses digital printing to let users put anything (almost) on the footbed and webbings of Chaco’s flip-flops, Z/1, Z/2, ZX/1 and ZX/2 models.
Not content to rest on its laurels after a strong finish to FY18, Foot Locker is moving forward with plans to reshape its business. Those efforts include investing $124 million in a number of small companies, closing its small SIX:02 women’s-only banner.
Comparable sales rose 13 percent globally for Crocs in the final period of 2018, the brand’s sixth consecutive quarterly gain, with e-commerce a strong driver. In FY18, wholesale revenues rose 8 percent; a DTC comp of 14 percent outpaced the retail comp gain of 11 percent and ecommerce sales rose 23 percent to account for 17 percent of all revenues.
Asics is focusing on efficiency with its latest running footwear innovation. The new $250 Metaride shoe, which launched last week at specialty stores and Asics retail, is designed to make running longer distances easier.
DSW will be known as Designer Brands and will focus its efforts on operational efficiencies and better consumer experiences at its flagship DSW chain, as well as growing and learning from its Camuto Group business after a promotional holiday season took its toll.
CEO Kaspar Rorsted said Adidas is setting aggressive goals for the year, including growing its global e-commerce business to 4 billion euros ($4.5 billion) and achieving 10 to 14 percent annual growth in FY19.
Dick’s Sporting Goods is investing in the in-store experience, including more training on footwear for staffers. The largest full-line sporting goods chain in the U.S. ended fiscal year 2018 with more than 858 doors and 42.2-million sq. ft. of retail space.
Comparable sales rose 13 percent globally for Crocs in the final period of 2018, the brand’s sixth consecutive quarterly gain, with e-commerce a strong driver. In FY18, wholesale revenues rose 8 percent; a DTC comp of 14 percent outpaced the retail comp gain of 11 percent and ecommerce sales rose 23 percent to account for 17 percent of all revenues.
Brooks Running Co. has named Dan Sheridan EVP and COO. Sheridan, who has been at Brooks since 1998 and previously served as EVP and head of global sales, has overseen Brooks’ ascent in specialty running.
We asked brick-and-mortar marketing all-stars about how they get the word out about their businesses — and resoundingly, they told us that social media offers them unparalleled access to customers, both current and future. Even better: They shared their very best practices for making social pay off. Click for the best advice, straight from the retailers putting it in practice.
New Balance’s NB Development Corp. broke ground this week on The Track, a multi-sport athletic complex at its Boston Landing development in Brighton scheduled to be open in 2021.
Acknowledging its customers “are moving faster than ever before,” Foot Locker set its five-year financial objectives and solidified its plan to elevate the customer experience at its first Investor Day in four years last week.
Shoe Carnival is working hard to better understand the shopping needs and habits of its customers.
Red Wing opened its first NYC location on March 21. Plus: news from ISA TanTec, Oboz and Brooks.
Last week Italian outsole firm Vibram celebrated the 10th anniversary of its Technological Center in Guangzhou, China. Footwear Insight Extra was there, here's our report.
FILA is making it official. Two months after the sudden passing of North America president Jon Epstein, acting brand president Jennifer Estabrook has been named president of FILA’s North America division by parent FILA Korea.
Nike, Vans and athleticwear continue to win with teens, according to Piper Jaffray’s most recent survey. U.S. teenagers accounted for more than $75 billion in spending power at the end of 2018 and understanding their buying habits is crucial to predicting their future spending trends.
ASICS is back in the marathon game. The brand will be the official footwear and apparel partner of the Los Angeles Marathon starting in 2020 after signing a five-year deal with Conqur Endurance Group.
Some six weeks after hiring restructuring advisor Berkeley Research Group (BRG), Modell’s Sporting Goods, the New York retail institution, is in the midst of plotting its future without BRG — and apparently without the need for a bankruptcy filing.
Earth Month may be in the past, but Native Shoes is still pressing forward on its goals to close the loop on its footwear lifecycles.
Total U.S. fashion footwear sales slipped 12 percent, leisure footwear sales dipped 1 percent, and performance footwear sales declined 9 percent in Q1 as the topline of all segments were negatively impacted by three key issues, according to research firm NPD Group.
Columbia Sportswear is forecasting 6.5 to 8.5 percent sales growth in 2019, with its fastest U.S. growth category anticipated to be footwear. Puma, meanwhile, is holding its 2019 outlook steady after strong Q1 results.
Saucony names Nike veteran Shawn Hoy as VP of global product, Grassroots Outdoor Alliance announces retail and vendor award nominees, Rocky Brands sees growth, plus news from Skechers and JD Sports/Finish Line.
Sanford “Sandy” Cantor, the co-founder of Niles, IL-based Sportmart and a former chairman of the National Sporting Goods Association, died on April 20. He was 85.
Footwear industry advocacy groups condemned the latest tariff developments in the ongoing trade dispute between the U.S. and China. Read the full story here.
After three consecutive years of operating losses, Mizuno generated a small profit of approximately $1.45 million in the Americas in FY18 despite a 13.5 percent topline decline to the equivalent $162.9 million. Read the full story here.
Rockford, MI-based Wolverine Worldwide saw total Q1 revenues slip less than 1 percent to $523.4 million as the period operating margin fell to 10.0 percent from 12.0 percent. Read the full story here.
By Jennifer Ernst Beaudry. San Rafael, CA-based comfort brand Vionic has added two members to its executive team, naming Jerry Williamson SVP of global sales and Angela Caltagirone SVP of digital and brand marketing. Read the full story here.
Get ready for a fun, flirty spring season. June’s FFANY show in NYC is one of the first chances to get a read on seasonal trends, and this edition is showing off women’s styles with color and attitude to spare. Read the full story here.
Footwear brands are set for a month-long celebration of the LGTBQ+ community with shoes that celebrate Pride (just in time for the 50th anniversary of the Stonewall riots in New York) and give back to the community. Scroll through for some of the best and brightest releases. Read the full story here.
With the percolating U.S.-China tariff stand-off headed to hearings in Washington, D.C. later this month and possible damaging ramifications for the footwear and apparel industries... Read the full story here.
The country’s largest full-line sporting goods chain has increased its full year same-store sales outlook to “slightly positive to up 2 percent” after Q1 delivered flat consolidated same-store sales, near the high end of the retailer’s expectations. Read the full story here.
The parent of the DSW chain is vowing to use its Oct. 2018 acquisition of the Camuto Group to develop, produce and deliver private label and licensed footwear not only to its own retail doors but also to the likes of Nordstrom, Dillard’s and Macy’s. Read the full story here.
Spartan, the globe’s largest obstacle course race, and CRAFT Sportswear, have jointly created the Spartan RD Pro by Craft designed to specifically address and advance the needs of obstacle course race participants. Read the full story here.
By Jennifer Ernst Beaudry. The 2019 Outdoor Retailer Summer Market kicked off in Denver yesterday, and the trail styles, water shoes and hiking boots for the season were on full display. We’ve picked 5 styles that caught our eye — reach us on Twitter at @FootwearInsight and tell us what you’re loving at OR! Read the full story here.
By Jennifer Ernst Beaudry. Confused by what’s happening with tariffs? You’re not alone. Import duties have been top-of-mind for the footwear industry since May 5, when President Trump announced on Twitter that he would impose 25 percent duties on $325 billion worth of Chinese imports... Read the full story here.
By Bob McGee. Footwear industry veteran and global head of marketing and brand management at Oofos Duncan Finigan passed away on May 26. She was 59. Finigan had worked tirelessly during her Oofos tenure to raise money for breast cancer research and created the firm’s Project Pink program. Read the full story here.
By Bob McGee. In a no-frills, get-down-to-business event that some attendees said had similarities to the Grassroots Outdoor Alliance Connect Show for outdoor specialty retailers, 24 key running brands and 65 to 70 key U.S. running shop owners and staff convened in Denver last week on the eve of Global Running Day for the inaugural KICK Show from the Running Industry Association. Read the full story here.
By Bob McGee. May sales in U.S. sporting goods stores were up 1.1 percent from April’s level, but were down 2.4 percent year-over-year, according to monthly data reported by the U.S. Census Bureau. Overall year-over-year sales growth of 3.2 percent unadjusted in May had the National Retail Association proclaiming... Read the full story here.
Decatur, TX-based footwear brand Twisted X has named Scott Sessa SVP of Business Development. Sessa served as president of Minnetonka Moccasin, where he was the first outside president in the family-run business’ history, for 13 years. Read the full story.
The 1,182-door chain Journeys benefitted from balanced sales contributions from its fashion athletic and casual brands in the period ended Nov. 2. Comparable store sales rose 4 percent, helped by positive store and e-commerce sales, as total Journeys Group quarterly sales rose 2.7 percent to... Read the full story.
Designer Brands realized flat comparable store sales in Q3 against a 7.3 percent increase in the year-ago quarter, which it blamed on warmer weather across the country over the period ended Nov. 2. Read the full story.
The “Rest of World Retail” division of Sports Direct, which includes 27 Bob’s Stores and 21 Eastern Mountain Sports locations in the U.S., and 33 Sports Direct doors in Malaysia, reported an 8.5 percent decline (-12.5 percent in constant currency) in revenues to the equivalent of $123 million for the six months ended Oct. 27. Read the full story.
We recently connected with Michael Kadous, who took charge as head of North American operations for Adidas’ Outdoor business unit in March 2019. Listen to our podcast, where Kadous discusses the transition at Adidas Outdoor, as well as opportunities and strategies for 2020 and beyond. Read the full story.
Boston-based ISlide, known for its custom slide athletic sandals, sees its valuation grow to more than $10 million following investments from Milwaukee Bucks President Peter Feigin, Memphis Grizzlies Forward Jae Crowder and David Baxter, the former president of Adidas Sports licensed division. Read the full story.
At a snowy FFANY show in New York, footwear brands showed off women’s styles with serious shelf appeal for the fall ’20 season. Here, we rounded up five trends consumers will be searching for. Read the full story.
Keep up with us on Instagram to see our product picks from the trade show floor at The Running Event (TRE) in Austin, TX this week. Read the full story.
Ed Stack, CEO of the largest full-line sporting goods chain in the U.S., says its young athletic customers no longer have to go elsewhere to purchase lifestyle athletic kicks for their wardrobes. Read the full story.
The Boston athletic company is adopting GAP Inc.’s P.A.C.E. (Personal Advancement & Career Enhancement) education and training initiative to improve the lives of the women working in its global supply chain. Read the full story.
CEO and President Diane Sullivan recently told analysts that the company is pleased with the performance of its most recent acquisitions, Blowfish Malibu and Vionic. Read the full story.
Philly-based run specialty chain Philadelphia Runner opened its fifth location last month with a 2,000-square-foot location in the King of Prussia mall. Read the full story.
Black Friday may have been heralded as the “official" kickoff to the holiday season in decades past, but in 2019 holiday promotions have been running for weeks before the Thanksgiving table is cleared — and it can feel like a no-win situation for most independents. Read the full story.
The Running Industry Association (RIA) announced they will host its second annual RIA KICK Show this spring. The show will be held May 11-14, and will once again take place at the Curtis Hotel in downtown Denver. Read the full story.
Following a strong 2018-19 winter season that saw snow industry retail sales of apparel, footwear and accessories climb 7 percent to $6.3 billion, the NPD Group has uncovered retail optimism for the current 2019-20 season that has already seen cold temps and some snow from coast-to-coast. Read the full story.
Nicoline van Enter, founder of The Footwearists, believes the industry’s push for “faster and faster” is lessening the importance of ideation in the shoe industry. She offered a myriad of opinions at a gathering of nearly 100 footwear designers and... Read the full story.
The longtime industry executive and CEO of the Running Specialty Group dishes on the specialty run marketplace, the Denver company’s acquisition strategy, the future of the Olympia Sports banner in New England, and his hopes for the overall running business in 2020. Listen Here.
Saucony athlete Grayson Murphy won the 35th IAAF World Mountain Running Championship on Nov.15 in her first race as a brand athlete. Murphy finished the 14k course in Villa La Angostura with a time of 1:15:20, 21 seconds faster than the second-place finisher. Read the full story.
Gert Boyle, the longtime chair of Columbia Sportswear Co. famously portrayed as “One Tough Mother” in the brand’s iconic and long-running ads, died Nov. 3 in Portland, OR. She was 95. Boyle headed Columbia from 1970 to 1988... Read the full story.
Hawaiian-inspired brand OluKai has made its retail home on the islands, opening two company-owned locations there on Oct. 23. The new OluKai brand shops are located at Whalers Village on Maui and at the... Read the full story.
Asics realized a 23 percent wider nine-month net loss in North America despite 2 percent topline growth to the equivalent of $531.5 million. The company reported strong sales in the performance running and core performance sports segments. Read the full story.
Dearfoams launched its first national television ad campaign since the 1980s on Nov. 4. “Together in Dearfoams,” which features families wearing styles from the R.G. Barry-owned firm’s Holiday Family Collection, will run 15- and 30-second ads on... Read the full story.
Managing carbon reduction has risen to priority status as companies and consumers alike realize the value of a climate-conscious approach to textile innovation. Read the full story.
CriticalPoint Capital (CPC)-controlled run retailer JackRabbit last week acquired certain assets and liabilities of the 45-year-old, family-owned Olympia Sports chain for an undisclosed sum. The deal includes the Olympia’s online presence and the Olympia Sports brand. Read the full story.
Nike made headlines this week with two major marathon feats run in Swoosh shoes. On Oct. 12, Eliud Kipchoge broke the mythologized two-hour marathon barrier with a time of 1:59:40 in a specially-tailored event in Vienna, Austria on Saturday wearing... Read the full story.
With fewer than 80 days until Christmas and 85 days until 2020, the upcoming holiday season took center stage for athletic and outdoor brands last week via the release of semi-annual research and a first-ever seasonal fashion show from Dick’s Sporting Goods in New York City’s Chelsea district. Read the full story.
Boa Technology, makers of the Boa Fit System, has opened a Performance Fit Lab at its global headquarters in Denver, CO. The 2,700 square foot Performance Fit Lab is equipped with tools for measuring biomechanical data, including... Read the full story.
The Trump administration announced last Friday that it hoped to sign an initial trade deal in the next few weeks, an indication that the escalating trade war between the two countries could be cooling. Read the full story.
Brooklyn sneaker shop Rime will close its doors later this year, owner Susan Boyle announced on Instagram Oct. 6.“The sneaker game has changed, things have changed, the culture has changed, and it’s time for me to change with the times,” Read the full story.
For brick-and-mortar shops in a competitive market, top-shelf customer service is the ultimate asset. So to find out how to make it happen, we went to the best of the best. Read their top six tips here. And read more of our Gold Medal Service Awards coverage in our latest issue here.
The new Glideride running shoe from ASICS launched at running specialty retail as well as in ASICS stores and on the brand’s website last week. Read the full story.
Digital and data-mining, along with tighter bonds with its narrowed cast of strategic and differentiated retail partners, are the keys to the Swoosh’s long-term strategy for North America. Read the full story.
Despite an upcoming Holiday 2019 season six days shorter than last year, early forecasts project stronger growth than in 2018. This suggests that recession fears, as well as the ongoing U.S.-China trade war... Read the full story.
Los Angeles Dodgers ace Clayton Kershaw has signed on with Skechers. The pitcher, who will take the mound for the Dodgers in the Major League Baseball playoffs this week, recently debuted a custom exclusive Skechers baseball cleat. Read the full story.
Chris Hufnagel will head the Merrell brand following the departure of Sue Rechner, parent company Wolverine World Wide announced. Hufnagel most recently served as global brand president of Wolverine’s Cat Footwear brand. Read the full story.
Foot Locker this week launched Greenhouse, a New York-based incubator designed to foster collaborations between brands, tastemakers and the retailer itself. Read the full story.
Bridges — specifically, the iconic bridges that connect New York’s five boroughs — are the theme for New Balance’s footwear and apparel collection for the 2019 New Balance TCS New York City Marathon. Read the full story.
Unadjusted, year-over-year U.S. retail sales rose 4.6 percent last month. Sporting goods stores enjoyed a 3.8 percent gain in year-over-year sales and clothing/accessory store sales increased 2.3 percent for the month, according data from the U.S. Census Bureau. Read the full story.
Fleet Feet Sports, the national franchisor of 181 running specialty shops, filed a trademark infringement suit against Nike on Aug. 30. Read the full story.
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 the full story.
Sales dollars and average selling prices are up but units sold are down for athletic footwear halfway through the back-to-school season, according to NPD analyst Matt Powell.
Read the full story.
For three of the next four months, nearly all products imported from China will be slapped with new tariffs as the trade war rages on. List 4 products from China had their tariff rate raised to 15 percent yesterday from 10 percent, and tariff rates on List 1, 2 and 3 products move to 30 percent on Oct. 1.
Read the full story.
Sam Garzon, the founder and CEO of Miami-based UnoZero, says the young company’s name was inspired by all the soccer greats who have worn the number 10 on the pitch. Everyone from Pele and Zidane to Totti.
Read the full story.
A pop-up Shoebox Museum focused on everything sneaker packaging was open on New York City’s Lower East Side for three days last week. Curated by Nice Kicks Founder Matt Halfhill, the museum examined the sneaker box through three lenses—design, brand experience and uncommon concepts.
Read the full story.
The August trade shows in Las Vegas give store owners and buyers a chance to finalize their spring ’20 buys — and pick up any trends they’ve missed. Footwear Insight editors hunted through the best offerings at FN Platform, Agenda and Liberty to ID the trends shops need. Read the full story.
Jonesboro, AR-based Gearhead Outfitters, which operates 10 stores, has acquired Chattanooga, TN-based Rock/Creek Outfitters and Chicago-based Uncle Dan’s from publicly traded Camping World Holdings, parent of the Gander Outdoors banner. Read the full story.
With data signals emerging and the drumbeats predicting a looming U.S. recession getting louder, the Trump Administration last week reversed course on its threat to slap 10-percent tariffs on all remaining imports from China on Sept. 1. Read the full story.
Future consumer spending could be impacted by the stock market and tariffs, but that wasn’t the case in July. Unadjusted year-over-year retail sales rose 5.6 percent for the month, a figure the National Retail Federation says is consistent with the state of consumer confidence and the healthy labor market.
Read the full story.
Shortly after the Aug. 12 launch of the Nike Adventure Club shoe subscription service for children ages 2 to 10, market speculation began surfacing about whether other footwear brands have the breadth of product, logistics and know-how to introduce... Read the full story.
Mike Cosentino, founder and CEO of Big Peach Running Co., a seven-door run specialty retail chain based in Atlanta, made a bold move in August 2018, purchasing a 33-foot vehicle from a company in Marietta, GA that specializes in food trucks.
Read the full story.
Steve Madden acquired privately held Greats Brands, a five-year old Brooklyn firm specializing in Italian-made premium sneakers. Greats, which sells DTC and through a New York City store in the Soho district, recorded annual sales of $13 million for the 12 months ended June 30.
Read the full story.
With a new team, new offices and a fully redesigned digital strategy, Reebok is ready to open the aperture. And President Matt O’Toole says continuing to focus on the intersection of fitness and everyday style is the roadmap to growth. Read the full story.
Against the advice of top economic advisers and the pleas of retail and industry executives, Pres. Trump ramped up the ongoing U.S.-China trade war late last week with a declaration that...
Read the full story.
FutureLight, the breathable, waterproof nanospun technology being launched this fall in The North Face’s Summit Series and Steep Series of technical garments, will be bolstered by a $20 million infusion of...
Read the full story.
On Friday, Columbia will launch the first products from its new SH/FT Collection of footwear, which company President and CEO Tim Boyle describes as a collection targeting younger adults “who don’t want to compromise city-inspired style and athletic comfort for outdoor function.”
Read the full story.
Publicly traded national chain Boot Barn plans to open 25 new doors in FY19 and is gaining momentum in the work apparel and boot categories. The work segment drove BOOT’s Q1 revenues as total sales rose nearly 15 percent to $185.8 million and same-store sales rose 9.4 percent.
Read the full story.
Puma CEO Bjorn Gulden believes the company’s decision to reenter the basketball category last year has improved the brand’s sell-through rates and overall shelf space in the U.S., but he admits the Cat is “just scraping the surface” on what it could eventually do. Read the full story.
Baltimore-based Under Armour is continuing the slow process of shifting more distribution away from lower-priced products in the off-price channel to strengthen the health of its business and generate more full-priced sales. Read the full story.
When Jim Fox stepped into the CEO position at Dansko on the first of the year, he knew he was filling big shoes. The longtime CFO for the West Grove, PA-based comfort brand is the first person to serve in the top spot after taking over from founder Mandy Cabot...
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Jerry Turner, the American Sporting Goods founder and former president of Brooks, died July 9. During his 60-year career in the athletic footwear space, Turner made an indelible mark on the athletic footwear business.
Read the full story.
After nearly two decades in the business, Mary Steinebrunner is still in love with the protective footwear industry. And she’s always thinking about what might come next for her company...
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Retail investment in personalized email content is projected to rise 40 percent in 2019, and 45 percent of retailers will spend to expand their mobile marketing efforts to include push and in-app notifications, according to a new report from Cordial.com.
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Lead sponsors of the Personal Health Investment Today (PHIT) Act, Reps. Ron Kind (D-WI) and Mike Kelly (R-PA), recently sent letters to all members of the House seeking additional support for the bill...
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Deckers Brands-owned Teva has released a collection of kids and toddler sandals tied to its collaboration with the 50th anniversary of “The Very Hungry Caterpillar” by Eric Carle.
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Nike’s plans to reportedly invest a minimum of $185 million into a new Goodyear, AZ, facility for its Air Manufacturing Innovation subsidiary saw a new development on Tuesday when Arizona Governor Doug Ducey announced on Twitter that...
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After weeks of industry worry and weeks of testimony against the placement of additional duties on $300 billion worth of China-produced merchandise — including footwear — imported in the U.S., the Trump Administration agreed Saturday to delay any action and continue negotiations with the country’s largest trading partner.
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New Balance’s sixth factory, slated to open in Methuen, MA in 2020 with 60 new employees, will focus on R&D, advanced manufacturing techniques and 3-D printing. Chairman Jim Davis told the Boston Globe that the $33 million, 80,000-sq.-ft. facility — for which the Boston company is receiving $900,000 in state tax credits and $272,000 in property tax relief — is the “factory of the future.”
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The annual back-to-school sales tax holidays, which generally offer shoppers no state sales taxes on the first $100 of any footwear or apparel purchase, have been set in 16 states for this year. Alabama, Mississippi and Tennessee will hold their weekends in...
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