6.31%

In the News
ISlide, Zappos, Capri Holdings, Tilly’s, Sneakersnstuff, National Parks Foundation

Swedish sneaker shop chain Sneakersnstuff opened its seventh location, on Log Road in Daikanyama in Tokyo, on Dec. 14. The three-building structure was designed and built by the SNS team as well as Bofinjk Design Studio’s Jenny Askenfors, who is the architect and interior designer for all SNS locations. In February, the location will open the  SNS Cafe run in partnership with Tokyo coffee and sandwich shop Camelback.

Boston-based ISlide, known for its custom slide athletic sandals, sees its valuation grow to more than $10 million following investments from Milwaukee Bucks President Peter Feigin, Memphis Grizzlies Forward Jae Crowder and David Baxter, the former president of Adidas Sports licensed division.

Zappos, acquired by Amazon for $1.2 billion in 2009, has suffered two consecutive months of traffic declines, down 10.8 percent in November and 5.9 percent in October, according to data collected by SimilarWeb Ltd. After years of keeping the Amazon-Zappos brand separated, the shoe-buying website recently added a benefit to those customers who link their Amazon Prime membership to their Zappos loyalty account. These customers will now receive 2x rewards points on all Zappos’ purchases.

Global fashion luxury group Capri Holdings Ltd, which publicly trades on the NYSE under CPRI, has signed a definitive agreement to acquire Italian shoe manufacturer Alberto Gozzi for an unspecified price. The deal for the Tuscany company, which was founded in 1974 and currently develops and produces shoes for Jimmy Choo and Versace, will close in CPRI’s next fiscal quarter. Meanwhile, Gozzi is expected to eventually add development and production for Michael Kors Collection footwear.

Tilly’s, the 227-door specialty chain, says Vans followed by Nike continue to be the banner’s strongest footwear brands. “Nike is starting to emerge now,” CFO Michael Henry told analysts earlier this month. “We downplayed our assortment and Nike over the last several months. But now you’ll see it start to build.”

December 18 marks the 50th birthday of the National Parks Foundation, the charitable arm of the National Park Service. To celebrate, visitors can watch live webcam streams on EarthCam from some of NPS’ best known parks, including Mount Rushmore and the Statue of Liberty.