Brown Shoe, Foot Locker shine in lower markets
Brown Shoe, Foot Locker shine in lower marketsNews from MarketWatch:
NEW YORK (MarketWatch) — Helped by industry-wide demand for lightweight shoes and footwear in bright hues from coral to turquoise, Famous Footwear’s parent Brown Shoe Co. and athletic-gear retailer Foot Locker Inc. both surged Friday after reporting better-than-expected first-quarter results.
Brown Shoe (US:BWS) shares surged 25% to $ 10.99, their biggest gain since Dec. 2008. Foot Locker Inc. (US:FL) was up 8.3% to $ 30.33. That sent Foot Locker’s smaller rival Finish Line Inc. (US:FINL) up 5%.
Nike Inc. (US:NKE) rose 1%. Shoe retailer [...] Continue Reading…
FTC: Skechers deceived consumers with shoe ads
FTC: Skechers deceived consumers with shoe adsNews from KSLA-TV:By JENNIFER C. KERR
Associated Press
WASHINGTON (AP) – The government wants you to know that simply sporting a pair of Skechers’ fitness shoes is not going to get you Kim Kardashian’s curves or Brooke Burke’s toned tush.
Skechers USA Inc. will pay $ 40 million to settle charges by the Federal Trade Commission that the footwear company made unfounded claims that its Shape-ups shoes would help people lose weight and strengthen their butt, leg and stomach muscles. Kardashian, Burke and other celebrities [...] Continue Reading…
Feel for Heel Allowed Women to Do Boardroom Deal
Feel for Heel Allowed Women to Do Boardroom DealNews from Bloomberg:
Illustration by Michael Willis
By Rachelle Bergstein
2012-05-17T23:00:22Z
Before Manolo Blahnik was a famous shoemaker, he was an imaginative boy growing up in the Canary Islands with a chic mother who inspired his nascent love of art. In the early 1970s, after studying literature and architecture in Geneva, he put on his best red-and-white gingham suit and approached Vogue editor Diana Vreeland to show her his work.
Among sketches for the set of a production of “A Midsummer Night’s Dream,” Blahnik included [...] Continue Reading…
W.Va., Skechers settle claims over benefits of fitness shoes
W.Va., Skechers settle claims over benefits of fitness shoesNews from Charleston Gazette:West Virginia residents who have purchased Skechers Shape-up shoes are now eligible for refunds after Attorney General Darrell McGraw joined more than 40 states to sue the company for deceptive claims about the product’s supposed health benefits.
Consumers who purchased Skechers Shape-Ups, Tone-Ups or Resistance Runners between 2008 and 2011 can go to www.ftc.gov or call 866-325-4186 for more information on how to obtain a refund.
CHARLESTON, W.Va. –West Virginia residents who have bought some models of Skechers shoes may [...] Continue Reading…
High-end running footwear can stave off injury, improve performance
High-end running footwear can stave off injury, improve performanceNews from Chattanooga Times Free Press:
The New Balance 1080 is an example of a neutral running shoe.
BY THE NUMBERS
• 600-1,000 — average expected treadmill miles in the life-span of a pair of quality running shoes.
• 300-500 — average life span in road miles.
• 300-700 — percentage of body weight generated in downward force with each heel strike during running.
• $ 100-$ 110 — average cost runners can expect to pay for quality footwear.
• 6 — number of months runners [...] Continue Reading…
FTC: Toning shoes made false claims
FTC: Toning shoes made false claimsNews from KPRC Houston:
Small Text
Medium Text
Large Text
FTC: Toning shoes made false claims
HOUSTON -
For customers who bought Skechers Shape-Ups in hopes they would tone your lower body just by walking in them, a refund may be coming your way.
Skechers debuted the shoe in 2009, and at $ 100 a pair to lose weight and tone up just by walking, who wouldn’t slip on the shoes? Sex symbols like Brooke Burke and Kim Kardashian pitched the product, touting its booty boosting effects.
However, the Federal [...] Continue Reading…
ComicsAlliance Demos Converse’s Customizable DC Comics Sneakers [Fashion]
ComicsAlliance Demos Converse’s Customizable DC Comics Sneakers [Fashion]News from ComicsAlliance:
As the latest installment in the DC Comics x Converse collection, Converse launched today its Design Your Own DC Comics Chuck Taylor All Star shoes campaign, featuring mix-and-match custom shoe design options that include Batman, The Joker, Catwoman, and The Riddler. This exclusive feature allows the customer to design their own shoe by offering a selection of customizable parameters, including the color/print of the canvas, emblems, rubber soles, lining, and even a personalized heel strip.Converse offered me the opportunity to [...] Continue Reading…
“Barefoot” shoes making waves in the metro area
“Barefoot” shoes making waves in the metro areaNews from WDAY:
Before Nike, Asics, and New Balance, we were running and exercising in bare foot. Now, the newest trend in running shoes is promising you that same feeling you had as a kid, running barefoot through the neighborhood on a hot summer day. There are even some health benefits to the strange looking shoes that literally fit like a glove.
You may have seen these shoes that, well, don’t look like much of a shoe. The slender tough soled running slippers are [...] Continue Reading…
If you’re thinking of bargain-hunting in Europe, experts warn the crisis is …
If you’re thinking of bargain-hunting in Europe, experts warn the crisis is …News from The Republic:
NEW YORK — It often pays to zig when everybody else zags. If you were brave enough to put cash into the stock market three years ago — and very few small investors were — you’ve doubled your money.
European stocks have lost about 15 percent since mid-March. Renewed worries about the region’s long-running debt crisis have rattled markets. So it might look like a chance to buy cheap.
The trouble, money managers say, is that [...] Continue Reading…
Ferragamo Used Arch to Build Shoe Business: Rachelle Berg
Ferragamo Used Arch to Build Shoe Business: Rachelle BergNews from Bloomberg:
Illustration by Michael Willis
By Rachelle Bergstein
Sun May 13 22:05:00 GMT 2012
In 1907, Bonito, Italy, 9-year-old Salvatore Ferragamo could often be found intently watching the town cobbler tan leather skins, cut patterns, shape them around a wooden foot-shaped “last” and stitch the pieces together.
This did not amuse his father: Respectable people did not make shoes. Then fate changed the story.
Mariantonia, Salvatore’s mother, needed two pairs of white shoes for her 6-year-old daughter’s First Holy Communion, one pair for Giuseppina [...] Continue Reading…