Latest Footwear manufacturing News

Nike keeps plans for Arizona factory despite controversy

Jul. 11, 2019 7:00 PM EDT

PHOENIX (AP) — Nike announced Thursday it's going forward with plans to make soles for Nike Air shoes in a Phoenix suburb even though Arizona Gov. Doug Ducey blocked state money for the facility when the company pulled a flag-themed shoe from the market. The shoemaker did not address the controversy in...

Kaepernick stirs new controversy for Nike

Jul. 2, 2019 10:33 PM EDT

NEW YORK (AP) — Nike's sales have only grown since it seized attention with its ad campaign featuring former NFL quarterback Colin Kaepernick. So, the shoemaker deferred to its star endorser when he raised concerns over a sneaker featuring an early American flag. Nike pulled the Air Max 1 USA shoe, which...

US companies are in line of fire of tariffs aimed at Mexico

May. 31, 2019 9:54 PM EDT

WASHINGTON (AP) — President Donald Trump's surprise threat to impose escalating tariffs on Mexican imports jolted industry leaders throughout the U.S. economy Friday, sparked opposition even from usual Trump allies and set the stage for American consumers to face higher prices. It also sent stock markets...

Foot Locker 1Q results miss Street, cuts earnings outlook

May. 24, 2019 9:59 AM EDT

NEW YORK (AP) — Shares of Foot Locker tumbled in early trading Friday on weak profit and revenue numbers. The shoe retailer also cut its outlook for the year. Foot Locker now expects full-year earnings per share to be up by high-single digits, a more reserved outlook than the double digit increase it had...