Business – Footwear News https://footwearnews.com Shoe News and Fashion Trends Fri, 06 Dec 2024 23:24:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://footwearnews.com/wp-content/uploads/2023/05/cropped-FN-Favicon-2023-05-31.png?w=32 Business – Footwear News https://footwearnews.com 32 32 178921128 Rihanna and A$AP Rocky Give Back to Boys and Girls Club of Harlem With Puma [PHOTOS] https://footwearnews.com/gallery/asap-rocky-rihanna-puma-boys-and-girls-club-of-harlem-photos/ https://footwearnews.com/gallery/asap-rocky-rihanna-puma-boys-and-girls-club-of-harlem-photos/#respond Fri, 06 Dec 2024 23:22:55 +0000 https://footwearnews.com/?post_type=pmc-gallery&p=1234740098 Rihanna and A$AP Rocky were among the Puma ambassadors who distributed sneakers, apparel, accessories and more products from the brand to over 200 members of the Boys & Girls Club of Harlem on Dec. 5.

A$AP Rocky, who took home the Collaboration of the Year award with Puma at the Footwear News Achievement Awards the day before, is a native of Harlem. He and his parter gave back to his hometown in laidback, chic outfits. Rihanna wore a sweatshirt-dress with knit boots while A$AP rocked Puma sneakers with blue jeans and a leather jacket over a sweatshirt. Also at the Boys & Girls Club of Harlem were Dapper Dan, Danielle Guizio, Colm Dillane and Emory Jones.

Jones introduced A$AP Rocky before he accepted his award at the FNAAs on Wednesday. Rocky took home his FNAA on Wednesday eight years after Rihanna won the Shoe of the Year award in 2016 for the Fenty Puma Creeper.

“Honestly, this is just like one of the best accomplishments ever,” he said in his acceptance speech at the awards show held on Dec. 4 at Cipriani South Street. “You know, I was inspired. I saw my lady receive this thing almost a decade ago. Like she inspires me a lot.”

He continued, “But besides that, you know, the thought of me being with Puma and making collaborations is a gift. I mean, I didn’t even think that was really possible. And look at us now, you know what I’m saying? It was always just like, it just felt like it was something missing in the market. And it was me, I was missing.”

 

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Shoe Brands at FFANY and FSNYE Highlight Strong Demand As They Navigate Potential Tariff Challenges https://footwearnews.com/business/business-news/ffany-market-week-december-2024-tariffs-1234739722/ https://footwearnews.com/business/business-news/ffany-market-week-december-2024-tariffs-1234739722/#respond Fri, 06 Dec 2024 21:27:35 +0000 https://footwearnews.com/?p=1234739722


Despite the looming threat of new tariffs on footwear imports to the U.S., the atmosphere was upbeat among retailers and brands during footwear market week in New York City.

At FFANY, the turnout was strong, with buyers from Rack Room Shoes, Nordstrom, Target, Walmart, Kohl’s, Zappos, Von Maur and more all attending the show to meet with brands.

“Retailers were coming in from all over the country, whether it was boutique retailers, specialty retailers, department stores or big chains from different categories,” said Sandi Mines, vice president of corporate engagement at Footwear Distributors and Retailers of America (FDRA) and FFANY. “It was really packed.”

Over at Footwear Show New York Expo (FSNYE) at the Park Lane New York, president Phyllis Rein was upbeat. “The show delivered 70 well-known brands and new inspiring designers, which was an increase of 20 percent this year,” she noted. “The takeaway from the show was ‘shoes aren’t just functional, they’re a powerful tool for self-expression and motivation.'”

Tariff Talk

Overall, Mines described the sentiment across the industry as “cautiously optimistic,” though many companies are mulling how potential new tariffs on foreign imports could impact the footwear industry. Ninety-nine percent of the shoes sold in the United States are imported from primarily China, Vietnam and Indonesia, regions that could be subject to potential tariff changes under President-elect Donald Trump.

The threat of new tariffs on foreign imports could have a major impact on Toms, which does 80 percent of its production in China and 20 percent in Vietnam.

“The tariff talk around China in particular and trading partners at large is top of mind,” said Jared Fix, who joined Toms as chief executive officer in July. “We have world class manufacturing partners who are committed to this brand. So if we need to have an ex-China manufacturing strategy, we can do that.”

Baby shoe brand Robeez, which returned to FFANY in June after several years, manufactures most of its shoes in China. Jennie Leone, the brand’s director of sales, said that tariff changes would likely prompt an increase in retail prices as margins become more slim.

“The buyers I’ve spoken to understand that it’s probably going to be across the board, but unfortunately, the consumer is probably going to end up paying for it at the end of the day,” Leone said about tariffs. “We’re going to do our best to keep our price points where we can. At the end of the day, if you have a good product, that’s what matters.”

Western Chief, the Washington Shoe Company owned outdoor brand, operates all of its manufacturing and production out of China, which makes it vulnerable to potential tariff restrictions in the region. According to creative director Sara Kimball, the brand is actively seeking out potential new partners in Vietnam, the Dominican Republic and Brazil.

“I think we’re really just waiting to see where the tariffs are gonna land before we commit on which country,” Kimball said.

Journee, which has recently expanded from boots and dress into some more casual styles, is also exploring back-up options with several of its factory partners. The brand mainly manufactures in China, but noted that many of its partners have sister factories in different locations.

“I always like sourcing and keeping all my eggs spread out anyway, so I feel like there’ll be some of that,” said Marisa Byrne, brand president of the KNS International-owned Journee. “And it’s a mixture of just being proactive about how we’re comping out.”

Tariffs aside, Byrne noted that Journee is seeing demand for more transitional styles that can be worn on more than one occasion. “Versatility seems to be one of the biggest comments that I’ve heard across all of accounts,” said Byrne. “Where can she get the most value, the most bang for her buck, but also have several instances that she can actually wear that item?”

For brands that manufacture in Europe, tariffs were less of a concern.

“We don’t have the issues that many other contemporary brands do — actually, the bulk of the market,” said Nancy Nicolas, head of sales for Free People Footwear. “Because we don’t produce in China. All of our production is done out of Italy, Spain, Portugal and India.”

Nicolas added that demand from buyers is definitely picking up. “I think in this moment, everybody’s feeling bullish about the future,” said Nicolas said. “I think we’re past that cycle of uncertainty with elections. That’s over and done with.”



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Sam McCracken, Founder of Nike’s Native American-Focused N7 Business, to Retire in 2025 https://footwearnews.com/business/executive-moves/nike-n7-founder-sam-mccracken-retires-2025-1234740086/ https://footwearnews.com/business/executive-moves/nike-n7-founder-sam-mccracken-retires-2025-1234740086/#respond Fri, 06 Dec 2024 21:09:35 +0000 https://footwearnews.com/?p=1234740086


Sam McCracken, a 28-year Nike veteran who founded the brand’s Native American community-focused N7 business, has announced his plans to retire in 2025.

McCracken announced his retirement plans on LinkedIn, where he called his tenure with Nike “an incredible ride.”

“To all of you who have trusted me to do the work that I was called to do, thank you. To those who have embraced and pushed me on how we could support our community even more, thank you. To the Athletes and Ambassadors who have shared in this mission and have helped it grow, thank you,” McCracken wrote.

Nike confirmed with FN that McCracken will retire from the company in 2025 after he onboards the next N7 leader.

McCracken, who currently holds the general manager of N7 title, started his career with Nike in 1997 at its Wilsonville, Ore., distribution center. Just three years later, McCracken became the manager of its Native American business.

Since then, McCracken has led the development of more than 25 N7 product collections and brand stories.

Aside from product, McCracken has also been a driving force for the N7 Fund, which was established in 2009 and focuses on creating access to sport for Native American and Indigenous youth in the United States and Canada.

Nike also stated McCracken’s leadership with its Native American Network & Friends has helped drive ongoing education, visibility and representation for its Indigenous community, which includes a recruitment and retention strategy.

About the Author

Peter Verry is the Senior News and Features Editor for Athletic and Outdoor at Footwear News. He oversees coverage of the two fast-paced and ultracompetitive markets, which includes conducting in-depth interviews with industry leaders and writing stories on sneakers and outdoor shoes. He is a lifelong sneaker addict (and shares his newest purchases via @peterverry on Instagram) and spends most of his free time on a trail. He holds an M.A. in journalism from Hofstra University and can be reached at peter.verry@footwearnews.com.



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Inside Nordstrom NYC Holiday Takeover: Tiffany Haddish, Busy Philipps + More https://footwearnews.com/gallery/nordstrom-nyc-holiday-takeover-tiffany-haddish-photos/ https://footwearnews.com/gallery/nordstrom-nyc-holiday-takeover-tiffany-haddish-photos/#respond Fri, 06 Dec 2024 21:02:11 +0000 https://footwearnews.com/?post_type=pmc-gallery&p=1234740104 Nordstrom NYC celebrated its Wonder All the Way campaign and holiday takeover, The Blizz on 57th Street, in New York on Thuresday night. Guests including Tiffany Haddish, Amy Sedaris, Busy Philipps, Molly Ringwald, and more came out for the one night only private shopping event.

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Donna Karan Presents Kenneth Cole With Prestigious Lifetime Achievement Award at FNAA 2024 https://footwearnews.com/business/business-news/donna-karan-kenneth-cole-lifetime-achievement-award-fnaa-2024-1234739972/ https://footwearnews.com/business/business-news/donna-karan-kenneth-cole-lifetime-achievement-award-fnaa-2024-1234739972/#respond Fri, 06 Dec 2024 20:46:07 +0000 https://footwearnews.com/?p=1234739972


“This man is probably the most extraordinary man I’ve ever met,” Donna Karan gushed over Kenneth Cole onstage at the 2024 FN Achievement Awards. The legendary designer presented Cole with the Lifetime Achievement Award on Wednesday night in New York.

“You’ve been ahead of the curve your whole life, in every aspect of your life, in the way you create, collaborate and communicate to sheer perfection,” she continued. “You call, we come.”

Karan and Cole have worked together, not only in fashion, but through their philanthropic efforts through the years. In 2019, the two were honored as the Icon Award for Social Impact winners at the FN Achievement Awards for their mission to help support the country of Haiti.

But that’s just one of Cole’s many humanitarian and charitable works. For more than four decades, the designer has been committed to using his platform to support a range of social justice movements, including HIV/AIDS awareness, gun control, climate change and, most recently, ending mental health stigmas.

“I have always believed that fashion is more than how we present ourselves in the world, but also a vehicle to positively impact it, and a powerful and creative way to respectfully communicate our commonality as well as our differences,” he said while accepting the award. “My story is the story of an American designer slash Shoe Dog — (and I hate that term, but as they say, if the shoe fits) — who uses the platform he has to make the difference that he can. It has taught me today that this is absolutely not a dress rehearsal, and that what we stand for will always matter more than what we stand in.”

For 38 years, the annual FN Achievement Awards — often called the “Shoe Oscars” — have celebrated the style stars, best brand stories, ardent philanthropists, emerging talents and industry veterans. The 2024 event is supported by sponsors Listrak, Marc Fisher, Nordstrom and Vibram. 



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Nike Was WNBA Star Caitlin Clark’s Most Valuable Endorsement Deal in 2024 https://footwearnews.com/business/executive-moves/caitlin-clark-nike-deal-most-valuable-2024-1234739870/ https://footwearnews.com/business/executive-moves/caitlin-clark-nike-deal-most-valuable-2024-1234739870/#respond Fri, 06 Dec 2024 20:07:00 +0000 https://footwearnews.com/?p=1234739870


Caitlin Clark brought a considerable amount of eyes to the WNBA this past season, which proved to be financially lucrative for the Indiana Fever star.

This week, Sportico released its Highest-Paid Female Athletes 2024 list, which measured their total earnings for the 12 months ending Dec. 31. This included both salary or winnings and endorsements. Clark was the lone basketball player to make the list.

Clark’s earnings for 2024, according to Sportico, was $11.1 million. Her WNBA salary, the publication stated, accounted for roughly $100,000 of the $11.1 million. This included, the report stated, a base salary of $76,535 and multiple performance bonus payments, including $10,300 for her All-WNBA first team selection.

The remaining $11 million of her 2024 earnings came from endorsements. The most most valuable endorsement deal, according to the report, was Nike.

In April, The Wall Street Journal reported Nike’s deal for Clark was worth up to $28 million over eight years. The Swoosh reportedly beat out several other potential bidders, including Puma, Adidas and Under Armour.

The deal, NBA insider Shams Charania reported via Twitter at the time, would also include a signature shoe.

UNCASVILLE, CONNECTICUT - MAY 14: Caitlin Clark #22 of the Indiana Fever takes the court prior to a game against the Connecticut Sun at Mohegan Sun Arena on May 14, 2024 in Uncasville, Connecticut. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Elsa/Getty Images)
Caitlin Clark making her WNBA regular season debut in May in the Nike Kobe 6 Protro “Grinch.”

Clark has long been aligned with Nike, first signing a name, image and likeness (NIL) deal with the brand in October 2022. The hooper laced up several different models from Nike during her Iowa Hawkeyes playing days, mostly looks from the brand’s beloved Kobe franchise.

Though Nike has not yet released a Clark signature shoe, as a pro, she has continued to play a role in the buzz around the Kobe franchise with eye-catching player editions (PEs) and by wearing fan-favorite colorways. For instance, she debuted her first Nike Kobe PE in late July during an Indiana Fever practice, a Nike Kobe 5 Protro in the black and gold hues of her alma matter.

Nike, Caitlin Clark, WNBA Rookie of the Year, T-shirt
Nike’s Caitlin Clark WNBA 2024 Rookie of the Year shirt.

Aside from footwear, Nike celebrated Clark in October with a T-shirt commemorating her Rookie of the Year Award. The shirt, which is available via Nike.com for $40, features several of her rookie year accolades, including most points in a rookie season (769), most assists in a season (337) and more.

Some of Clark’s other high-profile deals in 2024 included Wilson Sporting Goods Co. (highlighted by multiple signature basketball collection releases), as well as Gatorade, State Farm and more.

In terms of viewership, the WNBA revealed in October that the full season — which included the regular season, playoffs and finals — averaged 1.2 million viewers, making it the most-watched full season on ESPN platforms ever.

What’s more, ESPN hosted the most-watched game of the regular season, a matchup between the Fever and the Chicago Sky in June, which averaged 2.3 million viewers.

About the Author

Peter Verry is the Senior News and Features Editor for Athletic and Outdoor at Footwear News. He oversees coverage of the two fast-paced and ultracompetitive markets, which includes conducting in-depth interviews with industry leaders and writing stories on sneakers and outdoor shoes. He is a lifelong sneaker addict (and shares his newest purchases via @peterverry on Instagram) and spends most of his free time on a trail. He holds an M.A. in journalism from Hofstra University and can be reached at peter.verry@footwearnews.com.



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https://footwearnews.com/business/executive-moves/caitlin-clark-nike-deal-most-valuable-2024-1234739870/feed/ 0 1234739870 caitlin-clark-2 UNCASVILLE, CONNECTICUT - MAY 14: Caitlin Clark #22 of the Indiana Fever takes the court prior to a game against the Connecticut Sun at Mohegan Sun Arena on May 14, 2024 in Uncasville, Connecticut. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Elsa/Getty Images)
Dolce Vita Opens First US Mall Store at Aventura as the Shoe Brand Continues Retail Expansion https://footwearnews.com/business/retail/dolce-vita-opens-aventura-mall-store-1234740051/ https://footwearnews.com/business/retail/dolce-vita-opens-aventura-mall-store-1234740051/#respond Fri, 06 Dec 2024 19:58:16 +0000 https://footwearnews.com/?p=1234740051


Dolce Vita is expanding its retail footprint once again with the opening of its first-ever mall store in the U.S.

Located inside the Aventura Mall in Miami, Fla., the 802-sq.-ft. store officially opened its doors in November and marks the footwear brand’s debut in Florida. The new shop offers Dolce Vita’s full range of footwear and accessories.

Designed by Aine Naughton, the company noted that the new Aventura store reflects Dolce Vita’s “less is more” approach, with architecture that features organic curves, neutral tones, and layered textures.

“We’re excited to introduce our brand to a vibrant new community in one of the region’s most iconic destinations,” Kerry Norlin, president of Dolce Vita, told FN. “The Aventura store is a natural extension of our retail identity, creating a luxe, curated experience tailored to South Florida’s energy and lifestyle.”

The Steve Madden-owned label added that this opening is a key milestone in Dolce Vita’s national expansion. Last year, the brand unveiled its first flagship store in New York City. Set on the corner of Broadway and Broome St. in NYC’s SoHo neighborhood, the flagship featured an open, single-level space in hues of brown and cream –  similar to the new Aventura location. The moment marked its second retail location in the U.S. at the time, following Dolce Vita’s first store that opened in Los Angeles’ Melrose Place in 2006.

Other openings have since taken place in Austin, Texas and Washington, D.C., as well as in Quebec, Canada.

Dolce Vita, store, shoes, shoe store, retail, Aventura mall, Aventura, Miami, shopping, malls

This new store comes as parent company Steve Madden raised its full-year outlook last month after reporting sales and earnings for the third quarter of 2024. Revenues in the period were $624.7 million, up 13 percent compared to the same quarter in 2023.

Chairman and chief executive officer Edward Rosenfeld said in a statement in November that accessories and apparel sales, including strong performance in Steve Madden handbags, helped drive the solid results in the quarter. Contributions from the newly acquired Almost Famous brand, which Steve Madden snapped up in October for $52 million, continued to bolster the apparel business.

Rosenfeld also cited “robust top line gains in international markets and direct-to-consumer channels.”

Dolce Vita, store, shoes, shoe store, retail, Aventura mall, Aventura, Miami, shopping, malls



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Vans’ New Retail Strategy is Filled With Life and Skate Ramps https://footwearnews.com/business/retail/vans-london-store-oxford-street-1234739987/ https://footwearnews.com/business/retail/vans-london-store-oxford-street-1234739987/#respond Fri, 06 Dec 2024 18:35:55 +0000 https://footwearnews.com/?p=1234739987


Vans is returning back to its skateboarding roots, and that comes with a major retail overhaul starting in London, one of the brand’s biggest markets.

The footwear brand’s 214 Oxford Street store, which opened in 2019, has had a major revamp — taking it from a dingy corner store to a bright, state-of-the-art space with floor-to-ceiling windows that’s fitted with a 200 square meter Roman travertine stone skate ramp.

For a brand to really stand out on one of the busiest streets in central London, new ideas are necessary.

Inside the Vans store on Oxford Street.
Inside the Vans store on Oxford Street.

Vans’ next door neighbors — Nike and the newly opened Ikea — have demonstrated that to lure customers in, they need more than just rows of products or mannequins – there needs to be a sense of community and a history of the brand.

Ikea is capitalizing on its blue polypropylene bags and Vans is reminding everyone that they’re one of the original brands for skateboarders.

By day, the store sells clothes and accessories, as well as skateboards with British slang printed on, meanwhile in the evenings, the space will be used for regular skate lessons, demos and events by Vans skate team and local skate schools.

Inside the Vans store on Oxford Street.
Inside the Vans store on Oxford Street.

“We thought it was quite provocative to bring the best of counterculture into one of the most commercial strips in the world,” said Andreas Olsson, vice president and general manager of Vans EMEA in an interview.

There’s more space than ever at the store as Vans has adopted a new design system using the walls and surrounding areas for hidden storage instead of a physical storage room. There are no cash registers as transactions can take place anywhere on the floor — just like at the Apple store.

The walls replicate the waffle pattern found on the sole of Vans shoes and the hidden storage units are made of grinded plywood – a subtle nod to the construction of skate ramps, which can be flipped for a gray canvas to replicate the interiors of an art exhibition.

Aaron Jago

“We need to raise the standard and somewhat also bring ourselves a little bit closer to the community and the culture of London,” said Olsson, adding that the brand has seen the importance to gain proximity to the culture of skateboarding, art, design and music.

Olsson, who has been back with Vans for over a year now is shaking things up. He wants to “elevate,” “reset” and “push” the brand into the future. 

He previously spent almost seven years with the brand from 2012 to 2018.

Aaron Jago

“We want to lead through skateboarding. The purpose of retail today is that it’s a mix of the commerce side of retail – which is only a piece of it, but it’s really about the whole entertainment and activation side of things,” said Olsson.

“Consumers expect to engage in retail in a much different way than they’ve done in the past. In the past it was more of a commerce driven entity, but today, anything can be accessed through a cellphone – the reason that someone comes into the store is to experience the depth of the brand and the cultures that we represent. We want to do that justice in the most credible way.”

London is the first piece in Vans’ rejigging of retail followed by refreshing its stores across Europe that will soon be rolled out to the U.S. and Asian market. The brand is also introducing a new ecommerce website.

Hugo Westrelin
Hugo Westrelin

The Oxford Street store doesn’t stop at just skateboarding. A lot of newness is being injected into the space by working with brands and talent outside of VF Corp., Vans’ parent company that also owns Dickies, The North Face and Timberland.

London-based creative Jack Charlie Mitchelln has curated a selection of books and music that customers can buy and next to that are items from Vans’ collaboration with the jeweler The Great Frog, audio brand Gomi and skateboarding brand Lovenskate.



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Reebok Lays Off Employees Amid Footwear Restructure, Licensing Shift https://footwearnews.com/business/business-news/reebok-lays-off-employees-footwear-restructure-1234739789/ https://footwearnews.com/business/business-news/reebok-lays-off-employees-footwear-restructure-1234739789/#respond Fri, 06 Dec 2024 17:22:04 +0000 https://footwearnews.com/?p=1234739789


The company behind Reebok’s operations is laying off employees in the brand’s footwear business as it reworks the licensing strategy for the brand.

Authentic confirmed to FN that SPARC group, the lifestyle brand operator that operates Reebok through a license with the parent company, has reorganized Reebok’s footwear business as it looks to transfer licenses to new partners and focus more deeply on apparel. Authentic did not confirm which specific footwear divisions were impacted by the cuts, but employees in merchandising, design, product management, talent acquisition and innovation shared on LinkedIn this week that their roles had been eliminated to to a restructuring at Reebok.

The news represents the latest turmoil to plague the heritage brand this year. Earlier this month, Authentic terminated its license with New Guards Group (NGG), a division of Farfetch, to distribute Reebok footwear and apparel in Europe. Under the terms of the former deal, NGG had operated the European operations of Reebok’s branded retail stores and e-commerce, and worked to drive wholesale distribution for the label. 

When Authentic acquired Reebok in 2022, chief executive officer Jamie Salter outlined a goal for the brand to hit $10 billion in annual retail sales globally by the next five years. Authentic also planned to grow Reebok’s digital business, as well as lean into the footwear and apparel designs that have made Reebok unique. Shortly after the deal closed, the company announced multiple plans for licensing and distributing Reebok across the globe. At the time, Reebok laid off 150 employees, most of whom were based in Boston.

Kerby Jean-Raymond also left his role as global creative director of Reebok in March of 2022.



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Inside Jimmy Choo’s New Madison Avenue Flagship Store, PHOTOS https://footwearnews.com/gallery/jimmy-choo-madison-avenue-flagship-store-photos/ https://footwearnews.com/gallery/jimmy-choo-madison-avenue-flagship-store-photos/#respond Fri, 06 Dec 2024 17:18:25 +0000 https://footwearnews.com/?post_type=pmc-gallery&p=1234739913

Jimmy Choo is finally returning to Madison Avenue with a new flagship that is just a few blocks down from its former location.

The brand’s new spot on 667 Madison Avenue introduces a renewed retail aesthetic, where each Jimmy Choo boutique offers a one-of-a-kind environment and experience. See all the photos from the store below.

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