DIRS.INFO The most relevant business & tech news

☆ Foot Locker debuts 'store of the future' as it looks to win back Wall Street's confidence
▼ + stars: | 2024-04-24 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

In this article FL Follow your favorite stocks CREATE FREE ACCOUNTA Foot Locker, Inc. store. Even the Striper uniform, the iconic black and white striped outfit worn by Foot Locker's store associates, is getting a refresh, Frank Bracken, Foot Locker's chief commercial officer, told CNBC in an interview. A Foot Locker, Inc. store. A Foot Locker, Inc. store. Courtesy of: Foot Locker, Inc.An overall view of a Foot Locker, Inc. store.

Persons: Foot Locker's, Frank Bracken, Foot, Bracken, Mary Dillon, Dillon, She's, Foot Locker, Locker Organizations: Inc, CNBC, Summer, Nike, Adidas Locations: New Jersey, Manhattan, Wayne, New York City, Paris, Melbourne, Delhi

☆ UK Prime Minister Rishi Sunak draws criticism over Adidas Samba sneakers
▼ + stars: | 2024-04-09 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

Because UK Prime Minister Rishi Sunak was seen wearing a pair. “In a bid to present himself as young and hip… Sunak took an eternally cool sneaker, and ruined it for everyone,” added British GQ. It’s a far cry from the public reaction another political leader received after being spotted in a pair of sneakers. Mohd Rasfan/AFP/Getty ImagesSo why aren’t Sunak’s Sambas striking the same chord? Even the most ardent sneakerheads know there is a time and a place for a gum sole, and the British public have decided on-camera at 10 Downing Street is neither.

Persons: CNN — It’s, Harry Styles, Kaia Gerber, Bella Hadid, Paul Mescal, Rihanna, it’s, Rishi Sunak, ”, “, relatable, Michael Hogan, … Sunak, It’s, Barack Obama, Stan Smiths, Kamala Harris, Chuck Taylors, Mohd Rasfan, Obama, Bill Clinton, George W, Bush, Ronald Reagan, Harris, Kevin McCarthy, Hakeem Jeffries, Donald Trump, Trump Organizations: CNN, Adidas Sambas, UK, Conservative, British, Guardian, GQ, Obama, Sneaker Con, Downing Locations: Kuala Lumpur, Malaysia, AFP, New York, Philadelphia, American

☆ Why Nike wants to make Air Force 1 sneakers harder to find
▼ + stars: | 2024-03-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —Nike Air Force 1 and Nike Pegasus sneakers are everywhere. The Air Force 1 and Pegasus are staples of Nike’s sneaker lineup, and some of Nike’s oldest sneaker lines. The Air Force 1’s are known for their all-white design, while the Pegasus have large Nike swooshes on their mid-sole. “We are pulling back supply of classics such as the Air Force 1, and we’re reducing supply of Pegasus.”Nike’s moves could also make it harder for consumers to find traditional white Air Force 1 sneakers and Pegasus versions at shoe stores. Sneaker collectors focus on limited-edition and special collaboration lines — not mass market lines like Air Force 1, he said.

Persons: Matthew Friend, “, ”, Christopher Burns, Burns, Nike, Randal Konik, Joe Biden, Locker Organizations: New, New York CNN, Nike Air Force, Nike Pegasus, Nike, Air Force, Pegasus, Arch USA, Jefferies, Consumer, White, Dick’s Sporting Goods Locations: New York, French

☆ Trump launches sneaker line
▼ + stars: | 2024-02-17 | by ( Alexandra Marquez | Jason Abbruzzese | ) www.cnbc.com time to read: +3 min

If anyone was waiting for the other shoe to drop in the upcoming presidential race, former President Donald Trump just did, launching his own line of tennis shoes on Saturday. "I've wanted to do this for a long time," Trump said when he announced the launch of a sneaker line at Sneaker Con in Philadelphia. In his brief remarks at the sneaker launch, Trump indicated the line could be an effort to reach out to younger supporters, saying, "We're going to turn this country around fast. The line, called Trump Sneakers, is available for preorder online. Sneaker Con, the venue where Trump debuted the sneaker collection, is an event that started in 2009 and has become one of the premiere events within the broader sneaker culture that has exploded in recent decades.

Persons: Donald Trump, I've, Trump, Sneaker, Joe Biden's, Michael Tyler, Con, Jared Moskowitz, Barack Obama, Armour, Steph Curry Organizations: North, North Charleston Convention Center, Sneaker Con, Trump, Trump Organization, CIC Ventures, Air Force Locations: North Charleston, North Charleston , South Carolina, Philadelphia, cologne

☆ Michael Jordan’s championship sneakers sell for record $8 million at auction
▼ + stars: | 2024-02-03 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

Friday’s winning bid for “The Dynasty Collection” reached $8,032,800, setting a new global auction record for game-worn sneakers, according to auction house Sotheby’s. The set consisted of Air Jordan VI (1991), Air Jordan VII (1992), Air Jordan VIII (1993), Air Jordan XI (1996), Air Jordan XII (1997), and Air Jordan XIV (1998). “This set represents the most valuable and significant collection of Air Jordan sneakers ever brought to market,” the auction house said on its website ahead of the auction. An exceptional player, Jordan earned the nickname “Air Jordan” because of his incredible leaping ability and acrobatic maneuvers. The Air Jordan line has been coveted by sneakerheads ever since the ex-Bulls star wore them in his rookie year – with a buoyant resale market for his range.

Persons: Michael Jordan, Friday’s, Air Jordan VI, Jordan VII, Air Jordan VIII, Air Jordan XII, Air Jordan XIV, Air Jordan, Tim Halland, Jordan, Sotheby’s, Jordan XII, Jerome Farve, Jordan ”, sneakerheads, – Organizations: CNN, Basketball, Air, Chicago Bulls, Private American Collector, NBA, Utah Jazz, United Center, ex, Bulls, Nike Air Ships Locations: Halland –, Halland, Chicago , Illinois, New York

☆ A sneakerhead built a YouTube empire with 1.1 million subscribers. Here's how much he makes a year from ads and sponsorships.
▼ + stars: | 2023-10-16 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Insider subscribers. Fowler had around 150,000 YouTube subscribers at that point. The YouTube channel, now with 1.1 million subscribers, brought in about $485,000 in gross revenue from advertising and sponsorship deals last year. But Fowler doesn't just stick to YouTube — his budding business empire also includes sales on the live-shopping platform Whatnot and his own apparel company. The larger portion of Fowler's YouTube revenue comes from ads, which brought in an estimated $292,500 in 2022, Insider verified with documentation of the earnings.

Persons: Seth Fowler, Fowler, Apthcry, he's, YouTubers, it's, time's, I've, Christmastime, sneaker giveaways, Apple, He's, Ye, influencers, Qias Omar, Amber Vittoria Organizations: YouTube, NY, Adidas, Facebook

☆ How a sneakerhead built a YouTube empire with over a million subscribers and $485,000 in annual revenue from ads and sponsorships
▼ + stars: | 2023-10-13 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +6 min

☆ TikTok is building an e-commerce team to go after pre-owned luxury bag buyers and sneakerheads
▼ + stars: | 2023-08-04 | by ( Dan Whateley | ) www.businessinsider.com time to read: +3 min

TikTok is hiring staffers to sell pre-owned luxury items like bags and collectibles like sneakers. Its investment in pre-owned goods shows how far the company's "everything store" ambitions extend. It's hiring a "Head of Pre-Owned Luxury" operation lead in Seattle to develop a go-to-market strategy and build a team of sellers focused on pre-owned luxury items. TikTok's plan to invest more in pre-owned luxury sales arrives as some TikTok Shop merchants have already been testing selling pre-owned luxury goods like jewelry, watches, and Chanel handbags, The Fashion Law reported. The market for pre-owned luxury items has exploded in China in the last few years, including on Douyin.

Persons: It's, TikTok, Chanel, trickier Organizations: Street, TikTok Locations: Seattle, China

☆ CEO of eBay lays out his master plan to fend off new rivals like TikTok and Shein with AI and live-shopping features
▼ + stars: | 2023-07-29 | by ( Madeline Stone | ) www.businessinsider.com time to read: +5 min

Jamie Iannone, eBay's CEO, spoke with Insider about the next phase in the e-commerce giant's evolution. Iannone said eBay's size would empower it against emerging competitors such as TikTok and Shein. But the number of new eBay buyers grew for the second straight quarter, Iannone said. The next version of that product is set to use image recognition, allowing eBay's sellers to create a product listing based on a photo. When asked about new competitors such as TikTok, Shein, and Temu, Iannone said eBay was "focused on our strategy and how we win."

Persons: Jamie Iannone, Iannone, what's, we've Organizations: eBay, Walmart, Reuters, Brand Locations: China

☆ Temu sellers are now even copying product photos, descriptions, and entire Amazon storefronts, lawsuits allege
▼ + stars: | 2023-07-11 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

Amazon sellers told Wired that sellers on the ultra-cheap marketplace Temu are copying their listings. Sellers told the publication that their Amazon sales have recently declined. According to an article by tech publication Wired, Amazon sellers have discovered their products are being sold on the ultra-cheap marketplace Temu for less. While the site has been known to sell counterfeit and knockoff goods, in some cases, Temu sellers have copied product photos, descriptions, and keywords directly from the original Amazon listings. In 2020, Amazon established its Counterfeit Crimes Unit, which works with brands to identify and remove counterfeit products.

Persons: Sellers, Temu, they've, sneakerheads, Nike Air Jordan knockoffs, Shein, Ralph Lauren, Oakley, Martens Organizations: Service, Wired, Temu, Bloomberg, Nike Air Jordan, Amazon Locations: Wall, Silicon, Europe, China

☆ Shein is trying to broaden its appeal by luring luxury brands like Stuart Weitzman and Paul Smith to sell products on its marketplace
▼ + stars: | 2023-07-08 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

As part of its marketplace, Shein is offering a wide range of products from third-party sellers. Brands interested in selling on Shein must first reach $2 million in annual sales on Amazon, the Journal reported. Shein Marketplace sellers are eligible to receive incentives from the Chinese-owned company if they reach sales goals. For those that qualify, the company is offering big incentives to sell on Shein too. In the months following the marketplace launch, Shein has dealt with sellers offering counterfeit items on the platform.

Persons: Peter Pernot, Paul Smith, Stuart Weitzman, Shein, Sneakerheads Organizations: Brands, Service, Street Journal, Euromonitor International Locations: Wall, Silicon, United States

☆ Shein wants to be the next Amazon Marketplace. It's already dealing with counterfeits and copyright issues.
▼ + stars: | 2023-07-06 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

Until recently, Shein has relied on sourcing its products through its on-demand manufacturing model. Last month, the Chinese-owned e-commerce company expanded its marketplace beyond clothing and introduced home appliances, electronics, gardening supplies, and kitchen utensils, among other categories. But to grow its offerings, the company took a page out of Amazon's Marketplace playbook and opened its marketplace to third-party retailers in May. In doing so, it may invite more of the same counterfeit and copyright infringement issues that Amazon's marketplace has faced. In 2020, Amazon established its Counterfeit Crimes Unit, which works with brands to identify and remove counterfeit products.

Persons: Shein, —, skimpy swimsuits, Ralph Lauren, Oakley, Martens, sneakerheads Organizations: Service, Nike Air, US Customs, US Chamber of Commerce, Amazon, Bloomberg Locations: Europe, China

☆ Allbirds is trying to win back Silicon Valley with a weird sock shoe
▼ + stars: | 2023-06-27 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

The jumbo logo badge serves a key role in offsetting the shoe's carbon impact, the company said. AllbirdsLike every aspect of the shoe however, the company said the badge serves an important function in attaining a net-zero carbon rating. A typical pair of running shoes generate about 30 pounds of CO2. AllbirdsWith the M0.0nshot, Allbirds said it takes this number down to zero, which is why "0.0" is featured in the name of the shoe. The company hasn't shared pricing, but interested sneakerheads can sign up on Allbird's website to the the first to know.

Persons: Allbirds, Tim Robinson's, Tom Nikic, Jamie McLellan, We've Organizations: Service, bros, Global Fashion, MIT, Adidas, Wedbush Securities Locations: Copenhagen

☆ Fake Jordans are all over Temu even after the knockoffs were removed from Shein
▼ + stars: | 2023-06-16 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

Sneakerheads on social media accused fast fashion giant Shein of selling fake Air Jordans. But on Temu, a bargain Chinese shopping app, similar Air Jordan knock-offs are proliferating, as both sites struggle to audit their third-party sellers. However, similar sneakers are still available on the ecommerce site Temu, which has grown in popularity as an online dollar store. When Insider searched the site for "Air Jordans," it returned more than 1,000 results which included several similar styles. The fake Jordans highlight an ongoing problem for e-commerce companies with marketplaces open to third-party vendors.

Persons: Shein, —, Air Jordan, Jordan, Temu Organizations: Service, TMZ, Air, Nike, Temu

☆ The mother-daughter duo behind the thrift store Buffalo Exchange explains how they built a $103 million company from used clothes
▼ + stars: | 2023-06-05 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

Kerstin and Spencer Block founded the resale chain Buffalo Exchange in 1974. Back then, secondhand clothing carried a stigma as a lower-class necessity, said Kerstin Block, the president and co-owner of Buffalo Exchange. The industry is expected to double in size, reaching $350 billion by 2027, and Buffalo Exchange is at the forefront of resale's emerging appeal. Popularizing the 'buy, sell, trade' modelKerstin (left) and Spencer Block in their first resale store in Tucson, Arizona. "It really is the fun part of the job — being in the store and helping customers," Rebecca said.

Persons: Kerstin, Spencer Block, Rebecca, —, Kerstin Block, Rebecca Block, Tucson , Arizona . Buffalo Exchange Kerstin, Spencer, Jennifer Le Zotte, Le Zotte, Buffalo Exchange Spencer, Buffalo Exchange's Organizations: Buffalo Exchange, Service, Google, Buffalo, Tucson , Arizona . Buffalo Exchange, University of North, tote, Nike Locations: Buffalo, Tucson , Arizona, University of North Carolina, New York, Buffalo Exchange's Ventura , California

☆ You can buy more Yeezys today, if you can get past the app crashes and error messages
▼ + stars: | 2023-06-01 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Customers took to social media to voice their displeasure with the company's Confirmed app. Among the issues, users reported crashes, error messages, and long wait times on draw results. Of the many silhouettes included in the restock, Yeezy Foam Runners, Yeezy Slides, and the "Pirate Black" 350 were the most coveted. Sneakers restocked on the Confirmed app via an online raffle or first-come first serve basis. Many sneakerheads could not enter a draw on the Nike SNKRS app because of app crashes or frozen screens.

Persons: —, Taylor Swift, Nike's SNKRS, Lucy Rouse Organizations: Adidas, Service, Kanye, Nike, Air, Ticketmaster Locations: Chicago

☆ Nike will restock its wildly popular Jordan 1 'Chicago' after the original was featured in 'Air.' The SNKRS app and fans' patience may be tested.
▼ + stars: | 2023-04-12 | by ( Danni Santana | ) www.businessinsider.com time to read: +5 min

Nike looks set to re-release the Air Jordan 1 "Lost & Found," next week, according to Complex. But many sneakerheads could not enter a draw for the wider release on the SNKRS app because of app crashes or frozen screens. Most sizes of the original release still go for at least double the $180 retail price on StockX. In the movie, Nike executives present Jordan with his first basketball shoe, the Air Jordan 1 "Chicago," the same colorway as the recent "Lost and Found" release. Nike will undoubtedly hope that the conversation surrounding the "Lost & Found" restock is focused on the sneakers and not any hiccups associated with its SNKRS app.

☆ MSCHF's latest release is a double-ended sneaker that makes fun of our obsession with putting shoes on fast
▼ + stars: | 2023-04-11 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

The MSCHF BWD releases April 11 via a one-hour draw on the art collective's website and mobile app. Actor and music artist Donald Glover sported the MSCHF BWD shoes at a recent NBA game. Similar to its Big Red Boot release in February, MSCHF organized a photoshoot for the new BWD sneaker. MSCHFMSCHF additionally commissioned a photo shoot of a model wearing the BWD shoes around New York City. But not all of MSCHF's creations are as wacky as that, or even its upcoming BWD shoes.

☆ I sell used sneakers on Goat to pay for new pairs to add to my collection. Here's how to guarantee a sale on the resale platform.
▼ + stars: | 2023-04-10 | by ( Danni Santana | ) www.businessinsider.com time to read: +8 min

I've sold shoes in person and on Poshmark, but my favorite platform to sell sneakers is Goat. I have sold shoes in person and on Poshmark over the past year, but my favorite platform to sell sneakers is Goat. The company even authenticates all used shoes, in addition to new, which gives buyers more confidence they are not buying replica pairs. But I'm keeping my options open, especially if StockX begins to allow the sale of used shoes. The platform offers an easy way to sell shoes quickly that you barely wear or have buyer's remorse over.

☆ Nike Air Max Day is Sunday. Here's how the huge sneaker holiday, known for hyped drops, got its start.
▼ + stars: | 2023-03-25 | by ( Danni Santana | Matthew Kish | ) www.businessinsider.com time to read: +2 min

Nike Air Max Day is one of the highly anticipated days on the sneaker calendar. Nike launched Air Max Day in 2014, and has released sneakers from its Air Max vault to mark the occasion every year. This Sunday, two planned releases are the original Air Max 1 "Big Bubble" and a brand new silhouette for Gen Z, the Air Max Pulse. Nike has a large catalog of classic Air Max sneakers released throughout its history, including the Air Max 97, Air Max 95, and Air Max 90. Sneaker collectors are known to celebrate the day by wearing their favorite Air Max sneakers and posting photos of them online.

☆ Foot Locker to close 400 mall stores as it shifts focus to niche shops for sneakerheads, kids, and higher-income shoppers
▼ + stars: | 2023-03-20 | by ( Matthew Kish | ) www.businessinsider.com time to read: +3 min

As part of a new business plan, Foot Locker will close hundreds of underperforming stores in malls. Although it also plans to open stores, Foot Locker expects to have 10% fewer locations by 2026. Foot Locker also reported quarterly earnings on Monday above forecasts, but it offered sales guidance lower than expected. While closing hundreds of underperforming mall-based stores, Foot Locker plans to open more than 300 "new concept" stores by 2026, including outside of malls. During the investor day presentation, Foot Locker CEO Mary Dillon said the store's "attracting an older and higher-income shopper."

☆ Foot Locker touts a renewed partnership with Nike — but it still won't get the hottest sneaker releases
▼ + stars: | 2023-03-20 | by ( Matthew Kish | Danni Santana | ) www.businessinsider.com time to read: +4 min

Even so, don't expect to see more of the hottest Nikes and Jordans at Foot Locker stores. The Foot Locker CEO, sporting gold Nike Air Max 97 sneakers, announced a renewed partnership with Nike at the company's investor day, addressing one of the core analyst questions facing the sneaker retailer. Mary Dillon started as Foot Locker CEO in September. Mary DillonSpeculation had been building about Foot Locker and Nike working more closely together again since December when Nike CEO John Donahoe mentioned spending time with Dillon on a Nike earnings call. As part of its new strategy, Foot Locker wants to double sales of non-Nike brands, such as Hoka On, and Crocs by 2026.

☆ The Nike and Tiffany & Co. sneaker release is the perfect example of what's wrong with buying popular shoes right now
▼ + stars: | 2023-03-07 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

Many consumers hoping to grab a pair of the Nike Air Force 1 Low Tiffany & Co. "1837" missed out. Customers looking to buy the sneaker will now have to pay three times the $400 retail price. The Nike and Tiffany drop highlighted a few key hurdles for consumers who attempt to purchase limited-edition sneakers. For die-hard Tiffany fans newly introduced to sneaker culture, it was a rude awakening about how modern sneaker releases are very much a lottery. If not, there are plenty of other Air Force 1s to choose from.

☆ I started selling shoes on Goat to fund my sneaker addiction. Here's why I prefer it to Poshmark despite the high fees.
▼ + stars: | 2023-02-28 | by ( Danni Santana | ) www.businessinsider.com time to read: +8 min

I started reselling used sneakers in the summer of 2022 to more easily afford my sneaker addiction. In other words, I started monetizing my used sneaker collection for extra cash to buy new shoes. But I'm keeping my options open, especially if StockX begins to allow the sale of used shoes. I'll certainly take advantage of their periodic promotions on seller fees that I've seen be up to 50% off in the past. The platform offers an easy way to sell shoes quickly that you barely wear or have buyer's remorse over.

☆ 6 ways shopping sites trick you into buying more
▼ + stars: | 2023-02-19 | by ( Avery Hartmans | Danni Santana | ) www.businessinsider.com time to read: +10 min

Online retailers use psychological tricks and tools to get consumers to make purchases. But we're shopping online now more than ever before, and these subtle nudges are starting to feel more widespread. Buy online, pick up in storeBuy online, pick up instore was all the rage during the pandemic. So much of how we shop and make purchase decisions is subconscious, he said, and while you may rationally know that scarcity is a marketing tactic, your subconscious doesn't. Tips for avoiding retailers' marketing tricksJust being aware of these marketing tactics isn't enough to protect you from them, Goldberg said.

Search resuls for: "sneakerheads"

25 mentions found