Latest Footwear manufacturing News

151-year-old footwear manufacturing company shuts down

Oct. 5, 2018 5:16 PM EDT

BATAVIA, N.Y. (AP) — A western New York shoe manufacturer founded by two Civil War veteran brothers more than 150 years ago has closed, putting its 82 employees out of work. P.W. Minor in Batavia shut down Friday. A layoff notice filed with the state Department of Labor said the company would close Oct. 5....

Michael Kors ups the glamour, buys Versace for $2 billion

Sep. 25, 2018 1:47 PM EDT

NEW YORK (AP) — Michael Kors is buying the Italian fashion house Versace in a deal worth more than $2 billion (1.83 billion euros), continuing its hard charge into the world of high-end fashion. The deal Tuesday comes just 14 months after the New York handbag maker spent $1.35 billion adding to its...

Nike's Kaepernick campaign signals change in shoe politics

Sep. 7, 2018 3:14 PM EDT

A pair of shoes are set aflame with a cigarette lighter, captured on video and shared widely online to protest a political statement made by the manufacturer. The New Balance shoes were burned by their owners two years ago after a spokeswoman indicated the company's support for President Donald Trump's trade...

The Latest: Trump says Nike is sending 'terrible message'

Sep. 4, 2018 5:45 PM EDT

NEW YORK (AP) — The Latest on Colin Kaepernick's Nike deal. (all times local): 5:25 p.m. President Donald Trump says Nike is sending a "terrible message" by making Colin Kaepernick part of a new ad campaign tied to the 30th anniversary of its "Just Do It" series. Trump told The Daily Caller that "there's...

Asian stock markets mostly higher after Wall Street gain

Aug. 28, 2018 11:27 PM EDT

BEIJING (AP) — Asian stock markets edged higher Wednesday after Wall Street gained on strength in technology and retailing shares. KEEPING SCORE: Tokyo's Nikkei 225 rose 0.5 percent to 22,927.35 points and Hong Kong's Hang Seng added 22 points to 28,373.74. The Shanghai Composite Index was off 2 points at...