June 8, 2012 |
Women salivate over Manolo Blahnik heels. Men covet Nike Air Yeezy 2 sneakers. The limited edition shoe, designed by rapper Kanye West, has already attracted long lines and frenzied online bidding in the thousands of dollars. That's kind of impressive, considering the shoe goes on sale Saturday at a retail price of $245. Only about 3,000 to 5,000 pairs will be released, and sneaker collectors -- known as "sneakerheads" -- are anxiously awaiting the chance to add the shoes to their closet or resell them for a plump profit.
May 1, 2012 |
Collective Brands Inc., which owns footwear brands such as Sperry Top-Sider and Keds and the shoe retailer Payless ShoeSource, will be split in two by multiple buyers in a purchase valued at $2 billion, including debt. Wolverine Worldwide, Blum Capital and Golden Gate Capital formed an acquisition company to buy Collective for $21.75 a share. The deal was unanimously approved by Collective's board and is expected to close late in the third quarter or early in the fourth. The price represents a 104% premium on Collective's 30-day average stock price before Aug. 24, when the company first announced that it was looking into a strategic and financial shift for its operations.
August 25, 2011 |
Collective Brands Inc., the parent of Payless ShoeSource and Stride Rite, will close 475 stores after reporting a large second-quarter loss. The company also said Wednesday that it was conducting a review of "strategic and financial alternatives," which could mean a sale of the company. The store closures affect underperforming locations and will occur over the next three years, the Topeka, Kan., company said. About 400 of the stores slated to close are Payless locations in the U.S., Canada and Puerto Rico; 75 are Stride Rite children's shoe store locations.
July 25, 2010 |
Camper, a Spanish version of Cole Haan, makes comfy heels and stylish sneaks for fashionistas who don't want to sacrifice looks for comfort. Based in the sunny Balearic island of Mallorca, Camper has opened a new store at the Original Farmers Market. The store walls are blanketed with flowery, petal-like sheets by Japanese artist Tokujin Yoshioka. Yoshioka, who was mentored by designer Issey Miyake, has collaborated with brands such as Hermes, Toyota and Swarovski on design concepts.
November 22, 2009 |
Ooga Booga is a retail apparel store that doubles as an affordable art gallery, carrying items including clothing and accessories by Opening Ceremony and Slow and Steady Wins the Race, as well as pieces from well-known artists such as Mike Kelley, Ed Templeton and Terence Koh. The shop, open for almost six years, has become a beloved Chinatown destination known for its quirky merchandise and ongoing roster of events. To reach out to those who don't cross the 110 Freeway too often, Ooga Booga heads west to Fairfax Avenue, where proprietor Wendy Yao has opened a temporary mini-shop inside Keep Co.'s shoe store on Fairfax Avenue in time for holiday gifting, with most merchandise priced at less than $100.
September 13, 2009 |
Mona Moore might not be a typical Venice shoe boutique. A disco ball hanging in the front window should be the first clue. But if you're a female footwear fanatic whose eyes light up at the mention of Dries Van Noten, Ann Demeulemeester and wedge boots, you might want to venture out to this latest Abbot Kinney retail spot. Lisa Bush and Anna Maria Varriano opened the original Mona Moore in Montreal seven years ago (the name is a riff on " mon amour " -- "my love" in French).