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The Weekly Closeout: Toms names Crocs vet CEO and is drop culture winding down?
Yahoo Finance· 2025-10-17 11:01
Group 1: Wayfair's Way Day Sale - Wayfair is hosting its annual Way Day sales event from October 26 to October 29, featuring deals across all home categories and 24-hour flash deals [2] - The event aims to cater to customers' intentional purchasing mindset, offering significant value, a wide selection of quality products, and convenient free delivery [3] Group 2: Leadership Changes at Toms - Toms has appointed Jessica Alsing as its new CEO, who previously served as the chief digital officer at Grendene Global Brands and has extensive experience with Crocs [4] - The company emphasizes that Alsing's leadership comes at a crucial time for Toms as it seeks to honor its legacy while evolving as a purpose-driven brand [5] Group 3: Vince Holding Corp's Stock Exchange Transfer - Vince Holding Corp will voluntarily transfer its stock listing from the New York Stock Exchange to Nasdaq, with the transition expected to occur after market close on Monday [5][6] - The CEO of Vince believes that this move aligns the company with other innovative, growth-focused firms and is a strategic step towards long-term success [6] Group 4: Charmin's New Product Launch - Charmin has introduced the "Forever Roll," a toilet paper roll containing 1,700 sheets, designed to last up to one month, appealing to consumers who stockpiled during the COVID-19 pandemic [7]
Small businesses are being crushed by Trump's tariffs and economists say it's a warning for the economy
CNBC· 2025-10-17 11:00
Core Insights - The article highlights the struggles of small businesses, particularly in the footwear and retail sectors, due to increased tariffs imposed by the Trump administration, which have significantly raised costs and created financial strain [4][6][10]. Impact on Small Businesses - Small businesses like AV Universal Corp. are facing severe financial challenges, with the CEO needing to take a $250,000 loan to cover a tariff bill that has skyrocketed from approximately $7,500 to $353,125 for 2025 [2][10]. - Many small business owners are forced to raise prices to manage higher tariff costs, but this has led to decreased sales, with some reporting a drop of around 30% in sales after price increases [5][10]. - The article notes that small businesses represent over 40% of the U.S. GDP and employ nearly half of the American workforce, indicating their critical role in the economy [6]. Tariff Costs and Business Strategies - AV Universal Corp. expects to pay $353,125 in tariffs for 2025, a significant increase from $45,000 in 2024, while other companies like Talus Products anticipate tariffs of approximately $499,000 for 2025, up from around $223,000 in 2024 [10][11]. - Companies are exploring various strategies to cope with tariffs, including raising prices, negotiating with suppliers, and considering relocating production to countries with lower tariffs, such as China and Vietnam [10][11][17]. Economic Outlook - Experts suggest that the struggles of small businesses could foreshadow broader economic challenges, potentially impacting larger businesses in the future [7]. - The article mentions that larger retailers have managed to absorb tariff costs better due to their ability to stock up on inventory before tariffs were implemented, but this advantage may diminish as inventory runs out [7][8]. Legal Context - The future of the tariffs remains uncertain as a federal court has ruled them illegal, and the Supreme Court is set to review the appeal, with arguments scheduled for November [8].
Allbirds Announces Third Quarter 2025 Earnings Conference Call
Globenewswire· 2025-10-16 20:05
Core Viewpoint - Allbirds, Inc. is set to release its third quarter 2025 financial results on November 6, 2025, after market close, followed by a conference call to discuss the results [1]. Company Overview - Allbirds, Inc. is a global modern lifestyle footwear brand founded in 2015, focusing on sustainability and innovative materials [3]. - The company is known for its iconic Wool Runner and offers a growing range of products designed for superior comfort, utilizing materials such as Merino wool, tree fiber, and sugarcane [3]. Investor Relations - A live webcast of the upcoming conference call will be available on the Allbirds investor relations website, with a replay accessible for 12 months post-call [2]. - Contact information for investor relations and media inquiries is provided [4].
X @Bloomberg
Bloomberg· 2025-10-16 09:36
CCC shares slumped after short-seller Ningi published a report that alleged accounting issues at the Polish footwear retailer https://t.co/mdMIDUgQFW ...
X @Bloomberg
Bloomberg· 2025-10-16 09:05
Brand Performance - Nike's CEO Elliot Hill should consider selling the underperforming Converse footwear brand [1]
限量联名|PAF联名款袋鼠靴
Jing Ji Guan Cha Bao· 2025-10-16 04:04
鞋款延续 Wallabee 的舒适基因,采用短毛麂皮材质,搭配黑、灰、米三种中性色调,辅以明线缝饰和 Vibram 外底,整体上保留了 Clarks 耐磨和实穿的功能性,同时融入 PAF 擅长的结构感与实验风格,呈 现游走于自然与都市之间的理性之美。该系列将于 10 月 17 日在全球限量发售。 (原标题:限量联名|PAF联名款袋鼠靴) Clarks Originals 携手首尔先锋品牌 POST ARCHIVE FACTION(PAF),推出全新限量联名系列。此次 合作恰逢 Clarks 品牌成立 200 周年,双方延续了两者对工艺与结构的共同追求,从传统习俗与图腾文 化中汲取灵感,将自然的精神转化为现代设计语言。通过克制的结构和流畅的线条,重塑 Wallabee 经 典袋鼠鞋,同时向 Clarks 百年制鞋工艺致敬。 ...
Birkenstock To Acquire Long-Standing Distributor Birkenstock Australia Pty. Ltd. Planning To Actively Invest In The Business And To Unleash The Growth Potential Of One Of Its Largest Markets
Accessnewswire· 2025-10-15 22:00
Core Points - Birkenstock Holding plc has signed a definitive agreement to acquire its long-standing distributor Birkenstock Australia Pty. Ltd. [1] Company Summary - The acquisition is part of Birkenstock's strategy to strengthen its market presence in Australia [1] - This move indicates the company's commitment to direct control over its distribution channels [1] Industry Summary - The acquisition reflects a broader trend in the retail industry where companies seek to enhance their operational efficiency by consolidating distribution [1] - This strategic decision may lead to improved brand management and customer engagement in the Australian market [1]
Birkenstock Snaps Up Australian Distributor
Yahoo Finance· 2025-10-15 21:49
Birkenstock has inked a new deal to acquire its longstanding distributor in Australia. According to the German footwear company, the acquisition “seeks to ensure a seamless succession” for the two founders of Birkenstock Australia – Marcel and Manuela Goerke. Terms of the deal were not disclosed. More from WWD Birkenstock noted that the acquisition “aims to ensure a seamless handover process and effective knowledge transfer, enabling a smooth ownership transition while protecting key business relationshi ...
Skechers Celebrates 17th Annual Pier to Pier Friendship Walk With $2.5 Million Fundraising Goal
Businesswire· 2025-10-15 16:00
Core Points - SKECHERS is celebrating its 17th annual Pier to Pier Friendship Walk with a fundraising goal of $2.5 million [1] Group 1 - The event aims to support children with special needs and education [1] - SKECHERS has a history of community involvement and philanthropy through this annual event [1] - The fundraising goal reflects the company's commitment to making a positive impact [1]
WEYCO Group, Inc. Third Quarter 2025 Earnings Conference Call
Globenewswire· 2025-10-14 20:05
Core Viewpoint - WEYCO Group, Inc. is set to announce its third quarter 2025 financial results on November 4, 2025, followed by a conference call on November 5, 2025, to discuss the results in detail [1]. Company Overview - WEYCO Group, Inc. designs and markets quality and innovative footwear primarily for men, but also for women and children, under well-recognized brand names such as Florsheim, Nunn Bush, Stacy Adams, and BOGS [4]. - The company's products are available in leading footwear, department, and specialty stores, as well as on e-commerce platforms globally [4]. - WEYCO Group operates Florsheim concept stores in the United States, Australia, and various international markets [4].