Shoe Prices Fall in June, Kyrie Irving Signs With Anta
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Footwear prices dropped in June, just in time for the back-to-school season. Plus Kyrie Irving signed with Anta Sports and Vince Camuto launched its first men's shoe franchise.
Here's what you need to know:
Inflation in June rose at slowing rate, and footwear retail prices saw a decrease for the first time in more than two years.
Retail footwear prices dropped 0.9 in June compared to the prior year, marking the first time prices dropped in 26 months. Women’s footwear prices dropped 0.2 percent and men’s declined 1.6 percent. Just in time for back-to-school, children’s footwear prices dropped 0.8 percent.
According to the Footwear Distributors and Retailers of America (FDRA), year-to-date footwear prices are up just 0.2 percent and are expected to decline year-over-year through the second half of 2023.
Anta confirmed late on Tuesday that it has signed a partnership deal with American basketball superstar Kyrie Irving. According to the footwear brand, the two parties will embark on a new business collaboration, aiming to create a brand-new signature product line for Irving.
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As a new member of the Anta family, Irving will actively serve as its chief creative officer of basketball, and will seek to recruit basketball players, independent brands, influential figures in pop culture, artists, musicians, pioneers in environmentalism, trailblazers in humanitarianism and designers to collaborate with him to create additional product lines under Irving signature line.
Anta added that it will leverage its extensive global resources to craft and manufacture Irving’s signature product line and make it available worldwide. Irving’s inaugural on-court signature shoes and lifestyle footwear will be unveiled in the first quarter of 2024, with the full range of products set to hit the market simultaneously.
Vince Camuto has launched its first men’s franchise shoe line.
Dubbed “Fly365,” the collection debuts today with two new hybrid, dress-meets-casual styles – the Talmai and Tayden. Both models are launching in three colorways and such materials as hand-antiqued full-grain leather, soft and durable nubucks and breathable airy knits.
According to the brand — which is a division of Camuto Group, owned by Designer Brands Inc. — what sets the Fly365 line apart is the use of a supportive cupsole for stability, a cushioned lightweight midsole for weight reduction and energy return, and a rubber outsole for traction and durability. The line also features a removable performance footbed and linings made using KulKote temperature-regulating technology.
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