Western boot aficionado Paul Hedrick has ditched corporate America and launched his own online boot business, TecovasBoots.com. Tired of the high price tag of quality western boots, he decided to make the category more accessible with a direct-to-consumer platform.
“As a native Texan, I saw a market gap near and dear to my heart,” said the 27-year-old entrepreneur who left a job in corporate America to pursue his passion. “I’ve enjoyed wearing boots in the various northern [parts of the U.S.], where I’ve lived such as Boston, Chicago and New York.”
The debut collection features two men’s styles, a roper and cowboy style, and two women’s, a bootie and cowgirl version. Each is available in three color ways and retails from $195 to $235. Men’s styles are available in two widths, with women’s offering one.
According to Hedrick, the boots are produced in Leon, Mexico, in a factory known for its bookmaking expertise. “The factory has a design team that helps translate our designs,” said Hedrick, about the shoemaking process.
Hedrick said the boots are designed to appeal to both fashion and core boot wearers. “We’ll [likely] have a lot of traditional boot-wearing customers at the beginning [because] of the value proposition, but I think we’ll end up with a diverse customer set.”
Michael J. Fox won’t be the only one with “Back to the Future”-inspired self-lacing sneakers.
Nike CEO Mark Parker promised the NBA Board of Governors the self-lacing technology and temperature controlled apparel in a speech last week.
In a report by Bloomberg, Parker met with owners in a private meeting in New York last Thursday and discussed the innovations, including heat-controlled sensors in apparel to aid performance and fit. The self-lacing sneakers were announced publicly last week, on Oct. 15, the date that Michael J. Fox’s character in “Back to the Future II” travels to in the film.
It’s a major move for the basketball behemoth, considering it just signed an eight-year contract with the NBA to provide apparel starting in 2017. Nike took over the NBA logo rights from Adidas, which didn’t renew its contract.
Nike also recently announced major new revenue goals, which it expects to hit in part thanks to its basketball category and its continued innovations. The Portland, Ore.-based firm said it expects to hit $50 billion in revenue by 2020 and will accelerate growth of Jordan Brand basketball-sneaker sales to reach $4.5 billion by 2020.
Parker, who has been CEO for 10 years, is expected to take over as chairman of the company, succeeding founder Phil Knight sometime next year.
Men’s 950 boots will be available on Barneys.com and in the following stores: New York Madison Avenue; Beverly Hills; Chicago; Seattle; Glendale, Ill.; Brooklyn; Santa Monica; San Francisco; Las Vegas; Scottsdale, Ariz.; Georgetown in Washington, D.C.; and Philadelphia.
Women’s boots will be available on Barneys.com and in the following stores: New York Madison Avenue, New York Broadway, Beverly Hills, Chicago, Seattle, Brooklyn, San Francisco and Las Vegas.
A photo posted by barneysnyofficial (@barneysnyofficial) on Oct 28, 2015 at 7:53am PDT
At each of these locations, wristbands will be given out at 5 p.m. today, Oct. 28. A valid photo ID must be provided in order to receive a wristband. Those who receive a wristband can come back to the store tomorrow, Oct. 29, at 8 a.m., with the wristband and photo ID. The store will then admit shoppers in the order in which the wristbands were received.
One pair of Yeezy 950 boots will be given per wristband. According to Barneys, there are limited sizes and quantities available, and the store has not disclosed how many wristbands will be available at each location.
West has proven to be a master of suspense, announcing that he would indeed be showing his Yeezy Season 2 collection at New York Fashion Week just days before the show.
Kim Kardashian West and husband Kanye West, wearing beige Yeezys, arrive on the 2015 MTV VMAs red carpet. Getty Images.
In a recent interview with SHOWstudio, West had this to say about his sneakers: “We sell shoes that people want to line up for because we put love in them, we put heart in them, we want to make Christmas presents, we want to make something that people want so bad that it hurts them if they can’t have it.”
Many stockists offered the chance to win a pair through a raffle while others asked customers to line up outside their stores. Some retailers that were offering the shoes online experienced crashed servers—and angry, empty-handed customers.
FN reached out to Adidas, however they are yet to comment.We’ll be posting updates as we get them.
For celebrities wearing Yeezy kicks, click through the gallery below.
October 20, 2015: Global Brands Group Holding Ltd. has named Edmundo Castillo creative director and EVP of its footwear brand Aquatalia by Marvin K.
October 13, 2015: Shoe Carnival Inc. appointed Jeff Fink as SVP Real Estate, effective today. Fink will oversee the company’s store site selection and lease administration functions.
October 13, 2015: Under Armour Inc. announced that, in February 2016, Brad Dickerson, the Baltimore-based footwear and apparel company’s CFO and COO, will depart to take a position outside the athletic industry.
October 9, 2015: Wal-Mart Stores Inc. announced that Brett Biggs will become the company’s CFO, effective Dec. 31, 2015. Since January 2014, Biggs served as EVP and CFO of Walmart International; he has held several other executive roles at Walmart and Sam’s Club Operations since joining the company in 2000.
October 9, 2015: Wal-Mart Stores Inc. announced that Charles Holley, the company’s EVP and CFO since December 2010, has elected to retire. The firm has already appointed a new CFO and Holley will stay on until Jan. 31, 2016, to help with the transition.
October 8, 2015: Marissa Webb is leaving her post as EVP and creative director of Gap Inc.’s Banana Republic, WWDreports. Webb held the position for a year and half and will continue to act as a creative adviser to the company. The creative director slot at Banana Republic will not be filled.
October 7, 2015: TJX Co. Inc. announced that Ernie Herrman will become the company’s CEO, effective Jan. 31, 2016. Herrman will also retain his current title as president of the company. TJX’s board has also elected Herrman to serve as the firm’s director, effective immediately.
October 7, 2015: Carol Meyrowitz, current chairman and CEO of TJX Co. Inc., will transition out of her role by Jan. 31, 2016. Meyrowitz will step into a new role as executive chairman of the company’s board. Under a three-year agreement, Meyrowitz will “remain an active executive and an integral part of TJX’s executive management team as well as advise [incoming CEO Ernie Herrman] … ” TJX said in release.
October 7, 2015: Nike Inc. veteran Bob Coombes, VP and GM of Hurley, will take on management of the business at Hurley, following Bob Hurley’s retirement from the role of CEO. Coombes will report to Jayme Martin, VP and GM Global Categories at Nike.
October 7, 2015: Nike Inc. announced that Bob Hurley, founder of Hurley brand, will retire and step down as CEO to transition to a new role, where he will focus on “building and cultivating the community and extending Nike’s relationships with elite athletes,” the company said.
October 7, 2015: Effective immediately, Demna Gvasalia — founder of women’s ready-to-wear brand Vetements and former women’s designer for Maison Martin Margiela and Louis Vuitton — will take over as creative director of Kering’s Balenciaga.
October 6, 2015: Douglas Wood, the current president of Tommy Bahama, will become the company’s CEO on Jan. 30, WWDreports. He will take over from current CEO Terry Pillow at that time.
October 6, 2015: Terry Pillow, who joined Tommy Bahama in 2008, will retire as the company’s CEO on Jan. 30 and will take on an advisory role to the company, WWDreports.
October 1, 2015: Bob Mullaney has joined Footwear e-tailer ShoeBuy.com to fill the newly created roles of president and COO. Most recently, Mullaney was president of the Americas for Rockport, where he oversaw the wholesale and retail businesses.
In addition, Reebok is the official outfitter of the UFC, producing the fight kits that competitors will now be wearing in the ring. And combat-training footwear will be released in 2016, brand executives told Footwear News recently.
The terms of Reebok’s new partnership with Weidman were not disclosed, but Michael Lunardelli, head of the brand’s combat-training category, said in a statement, “Chris Weidman has defied the expectations of many to be the champion fighter he is today. His focus on improving himself through intense training has catapulted him to the top of the middleweight class. … We are excited to have him on board to help Reebok continue to grow and improve our investment in MMA and combat training.”
Weidman said in the statement, “I’ve spent a lot of time with Reebok leading up to this day and believe wholeheartedly in the vision they have for MMA and combat training around the world.”
The champion’s next trip to the Octagon will be on Dec. 12, when he defends his title against Luke Rockhold in the co-main event of UFC 194.
An ongoing campaign, Making Change at Walmart (MCAW), backed by the United Food & Commercial Workers union, says the company’s explanation for its slumping profits is “just a fairy tale.”
“It is not fair to blame the wage increases for the myriad of other problems Walmart has right now,” Jess Levin, a spokesperson for MCAW told Footwear News. “The amount of investment Walmart claims to have put toward compensation, when put in context, is not impressive. It is a fraction of what they make annually in sales. If they had moved the needle at all on sales, they wouldn’t be having the problems they are having now.”
Last week, Walmart EVP and CFO Charles Holley forecasted that the company’s operating income would be affected by approximately $1.5 billion from the second phase of its investments in employee wages and training.
In February, Walmart announced that it would raise its minimum wage to $9 an hour, implement new training programs and give its associates more control over their work schedules. The company implemented the $9 wage hike in April and plans to raise its minimum wage to $10 and hour next year.
The retail giant’s stock tanked on last week’s profit warning — hitting a three-year low — though many analysts displayed an optimistic posturing on the firm.
“Walmart continues to work hard to better position itself to remain relevant in the retail landscape long term, both in its stores and online,” Robert Drbul, Nomura Securities International Inc. analyst, wrote on Oct. 14. “The competition remains extremely fierce and is not standing still. We view the steps it is taking as necessary, but recognize that they are extremely costly.”
Nevertheless, Levin’s organization — which debuted two ads during the Democratic debate last Tuesday — said the largest private employer in the country has been disingenuous when it comes to the execution of its wage hike.
“We have spoken to employees who have seen their hours — and their coworkers’ hours — cut following the wage increases,” Levin said. “It is important to note that Walmart doesn’t need to do this. They can afford to give all their employees a raise and keep their hours the same.”
In any case, the company’s statements have sent shock waves through U.S. markets, leading many to question whether Target Corp. and other large retailers should consider taking the same path as Walmart or if the mega-retailer’s declining profits will halt the pressure on companies to raise wages.
“In light of Walmart’s ongoing investments, we acknowledge the potential for prudent expense acceleration at Target given [the] battle to improve customer-fulfillment options,” wrote Cowen & Co. analyst Oliver Chen. “However, we believe Target’s in-store service levels are far ahead of Walmart’s and that Walmart’s wage/training investments not applicable to Target.”
Walmart’s revenues in the second quarter, reported on Aug. 18, were relatively flat year-over-year, at $120.2 billion, while its operating income declined 10 percent — or 7.2 percent currency neutral — to $6.1 billion.
The “Dancing with the Stars” personality says she has about 150 pairs in her closet. Burke is also gearing up to host this year’s “QVC Presents FFANY Shoes on Sale.” Burke hinted that she is still deciding between Tommy Hilfiger and Chanel shoes to wear on the big night.
Here, Burke shares more shoe secrets, her celebrity crush and a few hidden talents.
1. She owns about 150 pairs of shoes.
“Because I live in activewear, I have so many different types of tennis shoes. I also have wedge heels by Steve Madden from when I was in high school. I’ve been dancing my whole life, so I walk around in flip-flops. And I love a good Louboutin.”
2. Burke’s celebrity crush is Jimmy Fallon.
“I’ve always had a crush on him — he’s so funny. Also,Brad Pitt and Ryan Gosling, of course.”
3. She’s a heels girl.
“I would run in heels if I could.”
4. In addition to being a dancer, she is also a pianist and tennis player.
“I have a couple of hidden talents. I used to play piano as a kid. If I wasn’t a dancer, I would be a professional tennis player.”
5. If she could be a shoe, it would be a platform clog.
“I’ve been into clogs lately. The ones you would wear with a good bell-bottom romper. I’m not very tall, so I love a good wedge or heel.”