Nike is running out of time to prove its China playbook works. The U.S. sportswear giant’s sixth straight quarterly sales decline in the country – including a 20% drop in footwear – underscores how a market once seen as a growth engine has become its biggest pressure point. CEO Elliott Hill admitted on Thursday’s post-earnings…
firms got a holiday gift from the Trump administration in the form of a one-year hold on any additional China tariffs on imports to the U.S. An executive order on the White House site disclosed further details on the modification of reciprocal tariff rates in the new trade arrangement between the U.S. and China. Much…
Global job losses in fashion and are climbing in 2025. Shoe firms and fashion retailers — including Nike, Puma, Saks Global and Target, among others — are cutting jobs as part of a larger trend across corporate America and beyond. So far in 2025, the tally has reached a minimum of 17,267 job cuts. Global…
Good news could be ahead for shoe companies. American President Donald Trump’s backing down on imposing a 100 percent tariff rate on Chinese imports beginning Nov. 1 — now that it appears China is willing to negotiate fairly at the bargaining table. A framework on trade talks over rare earth minerals and fentanyl, plus an…
U.S. fashion and firms are in good shape, compared with other categories when it comes to corporate bankruptcies. Thus far in 2025, there’s been just two fashion firm bankruptcies with liabilities over $1 billion — Claire’s Holdings LLC in August and Forever 21’s U.S. store operator and brand licensee F21 OpCo LLC in March —…
Known for its high-fashion presence, Maison Margiela is taking its sights to the trails once more with another collaboration with Salomon. Taking on a new XT model, the partnership brings a sleeker and more modern approach to Salomon’s typical outdoor style. Designed by Maison Margiela, the XT sneaker arrives in three colorways that range from…
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It comes as no surprise that Copenhagen, a city mostly traveled on foot or by bicycle, has a shoe fetish. At the spring 2026 edition of Copenhagen Fashion Week, shoes of all shapes and sizes were seen on the cobbled streets and shot by street style photographers. The brands took note. OpéraSport, spring 2026 James…
The 2025 Martha’s Vineyard African-American Film Festival, now in its 23rd iteration, is currently unfolding on the island off the coast of Massachusetts from Aug. 1-9, drawing celebrities like Spike Lee, Jennifer Hudson, Bethann Hardison and Gabrielle Union and Dwyane Wade. The celebration of Black cinema has showcased a number of fashion statements thus far,…
Next week, Nike’s Jordan brand will release the Air Jordan 40, the latest model from the iconic basketball sneaker franchise originally introduced for Michael Jordan in 1985. While the shoe is designed with on-court performance at the forefront, it’s also meant to stand out beyond the hardwood, with a sleek look and design ethos that…