Here are the key talking points to stay ahead of in the shoe industry this week.
amfAR Cinema Against Aids
Fashion gathers on the French Riviera at the Cannes Film Festival on Thursday for the latest amfAR gala. The fundraiser is chaired by Kenneth Cole and Heidi Klum, and it always counts on appearances from runway and film stars.
FDRA Innovation Summit
The footwear industry heads to Washington, D.C., on Tuesday for the annual Footwear Retailers and Distributors of America Innovation Summit. Speakers include NBC’s chief political director Chuck Todd and U.S. Department of Commerce deputy secretary Bruce Andrews, as well as executives from Clarks, Wolverine Worldwide, Steve Madden, Rack Room Shoes and Nike.
Shoe Retailer Earnings Continue
After department stores took a clobbering with last week’s round of earnings, shoe retailers are up at bat this week. T.J. Maxx and companies report earnings Tuesday, Dick’s Sporting Goods goes Thursday, and Hibbett Sports and Foot Locker report Friday. A lot of eyes are on Dick’s to see if it has picked up traction after the Sports Authority bankruptcy earlier this year. Analysts expect momentum to continue at Foot Locker.
U.S. International Trade Commission Weighs In On TPP
It’s been a long-awaited study, but the USITC on Wednesday is expected to release its analysis of the impact of the Trans-Pacific Partnership. Supporters hope any positive impacts found by the report will help spur Congress to action to bring up the trade deal in debate. Senate Majority Leader Mitch McConnell has signaled his unwillingness to bring the trade agreement up for a vote, risking Republican control of the chamber.
With names such as Rihanna and Adele set to perform, Sunday night’s Billboard Music Awards are certain to be quite the musical affair. Expect lots of towering heels and sneakers as the music industry gathers. And for Prince fans, Madonna has a special tribute planned for the late artist.