Vicki M. Young
Executive Financial Reporter at Sourcing Journal
Articles
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2 days ago |
wwd.com | Vicki M. Young
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2 days ago |
wwd.com | Vicki M. Young
Footwear firms are digesting another twist and turn in Trump's trade negotiations following big moves by the U.S. and China to cut tariffs, at least temporarily. On Monday, the U.S. cut its tariffs on Chinese goods to 30 percent from 145 percent, while China went to 10 percent from 125 percent for U.S. products. Now the clock ticks anew with Aug.
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1 week ago |
sourcingjournal.com | Vicki M. Young
Outdoor footwear firm Keen Inc. said it won’t implement any tariff-related price increases for the balance of 2025. “We recognize this is not a simple or easy choice in today’s climate—but it’s the right one,” company founder and CEO Rory Fuerst wrote in a letter to Keen’s partners. “We believe it’s our responsibility to support our retail partners and fans through this period of uncertainty.
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1 week ago |
sourcingjournal.com | Vicki M. Young
Steve Madden Ltd. completed its acquisition of Kurt Geiger on Tuesday, but first-quarter results were mixed as sales missed Wall Street’s consensus expectations. “We are also thrilled to have completed the acquisition of Kurt Geiger, which adds a powerful new growth engine to our company,” the company’s chairman and CEO Edward Rosenfeld said in a statement. The company disclosed in February that it was acquiring the London-based footwear and accessories brand for $360 million.
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2 weeks ago |
sourcingjournal.com | Vicki M. Young
The Dallas Market Center (DMC) is taking a stand to support Main Street retailers. The center, a wholesale marketplace in North America and home to leading trade events supporting U.S. small businesses, is initiating a grassroots campaign that advocates for a 90-day pause on all tariffs between the U.S. and China. The initiative—”Stand With Main Street. Turn Off Tariffs”—is aimed at allowing for the free flow of goods critical to the upcoming holiday selling season.
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Last Call for Rivet 50 Nominations! There’s no better time than the present to send good vibes out into the world. Nominate someone who is making a positive impact on the denim industry for the 2020 Rivet 50. But hurry, nominations end on May 1, 2020. https://t.co/2i6HMBMwVm
.•Why Gary Wassner Says NYFW Needs to ‘Reignite the Excitement’: Touching Base https://t.co/IxdFau5Lrx via @SourcingJournal
.*More Than 11,250 US Stores Going Dark in 2019, and Retail Right-Sizing Will Continue https://t.co/hUOYf8NWlQ via @SourcingJournal