Bank of America gave Adidas a rare double-downgrade, and now has a "sell" rating on the stock. It's a contrarian call, considering the bullishness of the rest of Wall Street. BofA says the Adidas brand as a 20-year "casualization" of fashion draws to a close. We as a society are far more casual than we used to be. People wear full-on pajamas to the airport. TV hosts regularly wear sneakers with suits on live broadcasts. You might even see a sports commentator wearing a hoodie under their suit. Y ...

In honor of National Maple Syrup Day, Denny's has launched new sneakers called Sticky Kicks, and they sold out in just a minute. While the sneakers were priced at $195, they've since flipped for as much as $900 on eBay. The yellow and red shoes have a Denny's logo on the heel, and they even have a sealed clear panel that has real Denny's syrup. ...

Six months after downloading Sole Retriever, which alerts buyers to sneaker news and “drops,” our writer has never felt so with it.🔗: https://t.co/wkLC8iU4jo https://t.co/ehPLn5YmZp ...

Six months after downloading Sole Retriever, which alerts buyers to sneaker news and ‘drops,’ our writer has never felt so with it https://t.co/YCAANJ0BRY ...

Core Insights - Macy's sales have reached their highest level in over three years, indicating significant progress in its turnaround strategy initiated in 2024 [1] - The latest report shows that sales at stores planned to remain open increased for the second consecutive quarter, while overall sales across the Macy's brand grew at the fastest rate in 13 quarters [1] Group 1: Sales Performance - Bloomingdale's and Bluemercury, also owned by Macy's Inc., continued to show growth, with Bloomingdale's achieving five straight quarters of comparable-store sales growth and Bluemercury reaching 19 consecutive quarters of growth [2] - Strong demand for "giftable" categories such as sweaters, pajamas, sneakers, and handbags has been noted, with Coach bags being particularly popular during Black Friday, mostly selling at full price [5] - Retailers, including Macy's, have maintained promotions at the same or lower levels than the previous year, allowing for more new products to be sold at full price due to healthier inventories [8] Group 2: Strategic Initiatives - Macy's is implementing a strategy that includes closing about 150 underperforming stores by the end of 2026 to achieve sustainable and profitable sales [9] - The company has faced challenges in adapting to rapid industry changes and competition, which has historically impacted its performance [11] - To attract younger customers, there is a need for Macy's to enhance product offerings and create engaging in-store events, as emphasized by industry experts [13][14]

Core Insights - The rise in value of collectibles, including comic books and sneakers, reflects a shift in cultural valuation, with items from the hip hop era and contemporary art gaining significant auction prices [2][4][15] - Collecting is becoming a mainstream lifestyle, akin to fashion and music, with a growing trend expected over the next 5 to 10 years [4][14] - The valuation of collectibles is driven by demand and personal expression, particularly in a social media context where ownership is showcased [6][12] Collectibles Market Trends - Historical collectibles, such as trading cards and comic books, are now being valued similarly to traditional art, indicating a broader acceptance of diverse collectible categories [2][3][4] - The integration of collectibles into consumer packaged goods (CPG) strategies is anticipated, with companies like Hershey's leveraging collectibles to enhance product appeal [10][14] - The concept of fractional ownership and blockchain technology is emerging as a way to democratize access to high-value collectibles, allowing more individuals to invest in expensive items [12][13] Cultural Impact - Collectibles are fostering community engagement, as seen in events like Comic-Con, which highlights the cultural significance of these items [15] - The nostalgia associated with collectibles, such as trading cards and comic books, is driving interest and investment, as individuals seek to reclaim lost opportunities from their past [16]

There is no reason for Kalshi to set up bonded warehouses to hold sneakers and Labubus for derivatives trading, yet. (via @opinion) https://t.co/ZrpcX1Vume ...

Nike has a problem on roads, tracks and treadmills where its sneakers used to dominate. The world’s largest sportswear company knows it has fallen behind with runners and is trying to win them back https://t.co/omuJnxPaRv ...

Hello from NYC. Today we are interviewing Alexis O'henian. He is the co-founder of Reddit, longtime entrepreneur, venture capitalist.He's married to Serena Williams. He is launching a new women's track and field league. We are on our way up town to meet Alexis.We're going to start our day at a sneaker store. How do you pick out the perfect shoe. I want to know.Let's look for some shoes. >> All right. Hopefully they got size 15.This is a sneaker where you're basically you're showing up to the meeting and you ...

Core Insights - On Holding raised its annual revenue target for the third time this year after exceeding quarterly sales and profit expectations [1] - The increase in revenue guidance is attributed to strong demand for its running shoes and sneakers [1] Company Performance - The company reported better-than-expected quarterly sales and profits [1] - The strong performance is linked to the popularity of its footwear products, particularly running shoes and sneakers [1]