MILAN — Experience, storytelling and community are the pillars on which the Store of the Future (SOTF) project stands. SOTF started in 2016 with the opening of the sneaker store on the luxury shopping street Via Dei Tornabuoni in the center of Florence. It was founded by Tommaso Maria Andorlini, who was appointed chief executive … Read more
In 1958, Joe Foster co-founded Reebok and helped grow the company to be worth $4 billion, he says, before exiting in 1991. (Adidas bought Reebok for $3.8 billion in 2005 before selling it in 2021.) Now the 89-year-old entrepreneur is helping launch a new high-tech shoe brand with slides that are fully 3D printed, meaning … Read more
MILAN — Shortly after reporting a 12 percent increase in revenues in the first nine months of the year, Golden Goose on Wednesday revealed it had also registered a strong bottom line. As of Sept. 30, adjusted earnings before interest, taxes, depreciation and amortization climbed 11 percent to 163 million euros compared with the same … Read more
Nike withdrew its annual revenue forecast on Tuesday and missed estimates for quarterly revenue as the sportswear giant battles weak footwear demand amid stiff competition from newer brands globally, sending its shares down 6% after hours. It had earlier forecast a mid-single-digit percentage range decline in annual revenue. The company is yet to see sales benefits from its drive to … Read more
“When you think of wedge-heeled sneakers, you think Isabel Marant.” So says Brandis Russell, general manager of Converse North America, explaining why the brand tapped the French designer for her first collaboration in the sneaker space. “We knew she had a love for the Chuck (Taylor) and we were pleased that she was open to … Read more
MILAN — Onitsuka Tiger’s celebrations for its 75th anniversary are going on across two continents with activations lined up for Paris and Tokyo, its hometown. On the French capital’s Champs-Élysées thoroughfare, which has undergone a wide-ranging makeover for the Olympic Games, the sneaker and sportswear brand has opened the doors this month to the Hotel Onitsuka … Read more
MILAN — “This is the moment to celebrate the history of our brands, and the reason why these brands continue to be appreciated is because of their history.” Lorenzo Boglione was speaking of K-Way, which next year marks 65 years in business, and the 2750 Superga sneaker, which celebrates a century in 2025. But the … Read more
Nike on Thursday forecast a surprise drop in fiscal 2025 sales, after disappointing fourth-quarter sales laid bare the company’s weakening market share and its faltering direct-to-consumer strategy. Shares of the company were down 12% in extended trading after Nike also forecast a wider-than-expected drop in first-quarter revenue. The company’s efforts to drive more sales through its direct-to-consumer channel … Read more
MILAN — It was not to be. The highly anticipated initial public offering of Golden Goose, expected to take place on Friday, has been postponed. The company said in a statement released late Tuesday that the decision was made “as a result of European market volatility,” and that the IPO will be “reassessed in due … Read more
Kidnapped fast-rising Nigerian singer Emuemu Goodnews, aka Gnewzy, has been released after six-day captivity by kidnappers. PREMIUM TIMES reported that Gnewzy was kidnapped in Delta State on Monday after performing at a nightclub. His abductors demanded $200,000 (over N220 million) as ransom. In its Thursday report, Channels TV said Eric Many Records confirmed Gnewzy’s release … Read more
