News

Under Armour is facing a perfect storm of issues between accounting investigations, coronavirus weighing on sales, and weak demand in North America

Under Armour is struggling. On Tuesday morning, the sportswear company reported results for the fourth quarter and the 2019 fiscal year that fell short of analyst expectations. In November, Under Armour announced that its accounting practices were being investigated by the US Securities and Exchange Commission and the US Department […]
Under Armour is facing a perfect storm of issues between accounting investigations, coronavirus weighing on sales, and weak demand in North America
News

A new device uses AI to identify fake pairs of Nike and Adidas sneakers in seconds. Here’s how the authentication technology works.

A new technology is making it easier for sneaker resellers to weed out fakes. Product authentication technology provider Entrupy released its Legit Check Tech (LCT) solution on Wednesday, which uses artificial intelligence to determine whether a sneaker is counterfeit or not. The technology is meant to equip high-level resellers and […]
A new device uses AI to identify fake pairs of Nike and Adidas sneakers in seconds. Here’s how the authentication technology works.
Lifestyle

An Italian designer debuted a pair of heels reportedly worth $20 million, made of solid gold, 30 carats of diamonds, and meteorite — and he claims they’re ‘the most expensive shoes in the world’

In early October, Italian designer Antonio Vietri debuted what might be the world’s most expensive shoe – the “Moon Star Shoes,” worth nearly $US20 million, reported Sophie Prideaux for The National. The Moon Star Shoes are fashioned out of a solid gold heel, 30 carats of diamonds, and a piece […]
An Italian designer debuted a pair of heels reportedly worth $20 million, made of solid gold, 30 carats of diamonds, and meteorite — and he claims they’re ‘the most expensive shoes in the world’
Markets

Footwear group Accent has defied the retail crunch with a profit upgrade

Footwear retailer Accent Group announced a profit guidance upgrade. It now expects earnings for 2019 to be 15% to 20% ahead of last year. The company, which has 420 stores, had been targeting mid-single digit growth. Footwear retailer Accent Group, the operator of Athlete’s Foot and other brands, just issued […]
Footwear group Accent has defied the retail crunch with a profit upgrade
News

Vans has suddenly become one of the most trendy brands among teens ever

Vans just made a huge leap in popularity on Piper Jaffray’s semiannual “Taking Stock With Teens” survey. It is now the No. 2 favourite brand overall for footwear among teens, increasing 800 basis points year-over-year. The increase came particularly from teenage girls. Vans knocked Nike from the top spot for […]
Vans has suddenly become one of the most trendy brands among teens ever
Markets

Nike is dominating Adidas in the sneaker war

Nike‘s sneaker sales are doing well against its main competitor Adidas, a Jefferies analyst said. Nike’s popular brands are helping it in the “sneaker war.” Watch Nike’s stock trade in real time here. Nike appears to be edging out rival Adidas in the competition for sneaker dominance. The footwear company […]
Nike is dominating Adidas in the sneaker war