All in the Tip Top Shoes family: Margot, Danny, and Lester Wasserman.

Best in Show

The passing of Danny Wasserman, owner of Tip Top Shoes in New York, has left an industry void that may never be filled.

All in the Tip Top Shoes family: Margot, Danny, and Lester Wasserman.
All in the Tip Top Shoes family: Margot, Danny, and Lester Wasserman.

There are many breeds of shoe dogs, all varying pedigrees. But there might never again be a purebred like Danny Wasserman. The man had a nose for shoes, merchandising, buying, brands, marketing, customers, inventory, trends…you name it. He was a bloodhound in his uncanny ability to discover the next big shoe/brand, and a bulldog in keeping his 60-year-old, family-owned-and-operated business (Tip Tops Shoes, Tip Top Shoes Kids, and West NYC) thriving on Manhattan’s Upper West Side.

Wasserman also had Golden Retriever qualities: He was friendly, funny, and fiercely loyal. Above all, he exhibited a pack mentality, firmly believing that the industry was in this together. He would gladly offer insights and assistance, tapping his wealth of industry knowledge to help anyone who asked—and often those who didn’t. On the flipside, he continually sought the opinions and wisdom of others. There was always more to sniff out, more to learn, and Wasserman was ever doggedly in pursuit. It was 365, 24-7. That was just how the man was wired. He loved every aspect of the footwear business. After exchanging pleasantries, Wasserman’s next question invariably would be: So, have you seen anything new or interesting?

“Danny lived this business,” says CNCPTS owner Tarek Hassan, who considered Wasserman a trusted colleague and dear friend of nearly 40 years. “He didn’t just understand brands and products; he understood people, too. He knew his customers and community. He understood what the market needed and what was trending. He had a great vision about what was going to happen and what would work.” Hassan adds, “There aren’t many people left in this industry as dialed into the business as Danny was.”

Sam Spears, president of Ara North America, deemed Wasserman the ultimate product maven with an “impeccable” eye. “His years in the industry, his hours spent every day in his store working with customers made him such,” Spears says. “Combine that with his honesty and, sometimes very frank way of communication, and he wasn’t just a shoe dog but an Alpha shoe dog.”   

Robert Greenberg, CEO of Skechers, says Wasserman was the shoe business. “Danny’s passion for product was always so precise,” he says. “He was a legend in the shoe world—bigger than people who run hundreds of stores.” 

In addition to being “omnipresent” in his stores, what made Wasserman unique was his array of exceptional talents, says Bruce Kaplan, CRO of Impo Intl. Kaplan likens him to a five-tool player in baseball, with the rare ability to hit for average and power, field and run well, and possess great arm strength. “Danny was a five-tool retailer. He had a great eye for product, a firm grasp of marketing, the ability to anticipate and react to trends, he was terrific with numbers, and, from a human resources standpoint, he was so caring of the people who worked for him,” Kaplan says, noting that Tip Top Shoes has one of the lowest employee turnover rates in the industry. Above all, Kaplan says, Wasserman was a gentleman. “He could speak intelligently and quickly about all relevant industry matters but, in the 30 years that I knew him, I never heard him raise his voice once.”

David Kahan, CEO of  Birkenstock Americas, singles out Wasserman’s uncanny ability to see the shoe future. Tip Top Shoes was one of the first accounts to carry the brand in the U.S., beginning on the heels of Woodstock. “Danny introduced Birkenstock to New York and has since put tens of thousands of locals and tourists from around the world into our products, along with many celebrities,” Kahan says. That includes selling Yoko Ono a pair that she bought for John Lennon. “During Covid, Danny and (his son) Lester set up a table outside the store and sold Birkenstocks to passersby. Where there was a will, Danny always found a way.” Above all, Kahan considered Wasserman a valued mentor and cherished friend. “I don’t think a week has gone by in more than 20 years that I didn’t talk or text with him multiple times,” he says. “I’m going to miss him dearly.”

Spears says Ara owes a similar debt of gratitude to Wasserman. The retailer had an eye for quality and quickly became a fan when the brand entered the U.S market in the ’90s. “He and his staff introduced Ara to a lot of consumers who had not heard of us but now are lifelong brand ambassadors,” Spears says. “He knew Ara would provide what his customers wanted and needed, and that would keep them coming back to Tip Top for more.” Spears adds, “So many brands owe so much to him. All of us are better because of him.”

For Gary Champion, president of Clarks Americas, the mentorship/friendship with Wasserman stretches back 34 years. Wasserman basically introduced him to the industry. “Danny took time to share his extensive knowledge around merchandising, design, competitors’ strengths, and where Clarks’ opportunities lay,” Champion recalls. Then there were the invaluable product and branding tutorials Danny gave while walking trade shows with Champion over the years. “He’s a terrific product person. He listened to his customers and translated that knowledge into influencing brand design, last shapes, material offerings, and size ranges,” he says. “Danny knew the shoe business inside and out, and he was a hell of a merchant.” Above all, Champion says Wasserman was a terrific human being. “Danny was kindhearted, compassionate, would always ask how you were doing and care about your answer, and was always offering a hand,” he says.

Rusty Hall, CEO of Mephisto USA, says Wasserman’s incredible talent as a sounding board was a cornerstone of the brand’s long-running partnership with Tip Top Shoes. “He always spoke his mind, but you never felt that it was personal,” Hall says. “Danny just wanted to make you better.” He adds that Wasserman had his finger on the pulse of the business in New York and beyond. He was nothing short of a shoe oracle. “I’ll miss our touch-base conversations where he would often suggest, ‘Have you thought about this?’” Hall says. “He was so often spot-on. Our industry will miss Danny’s presence. I will, for sure.”

Steve Lax, former CEO of Naot, believes Wasserman was a wannabe shoe designer at heart. “He always had a suggestion on how to change our shoes,” he laughs. Wasserman’s suggestions were usually insightful. Lax notes that Tip Top was one of the first retailers to carry Naot, starting in 1989. He saw big potential before anyone else. “Danny always had room for Naot in his store, and he loved that he could order at 3 p.m. and the shoes would be in his store the next morning,” Lax says. Since moving to the neighborhood about 15 years ago, Lax has been a regular visitor to Tip Top Shoes to check in with Wasserman and talk about life and, of course, shoes. “He was a friend, and he will be missed,” he says.

Ditto for Justin Orrell-Jones, president/CEO Finn Comfort USA. Since 1995, he has enjoyed invaluable one-on-one time talking shop with Wasserman. He’ll miss “the dinner conversations, sitting with him across from the men’s wall in Tip Top, and even the occasional chastisement,” Orrell-Jones recalls. “Danny had an incredible gift for identifying great product and the potential in brands. He could suggest adjustments to a shoe that were invariably an improvement and always on-brand.” He adds, “He was a masterful retailer. He bought the right shoes and reordered what he should, when he should. He knew the state of his backroom. He even knew where to find something on his desk!” •

The Shoe Whisperer

Execs share some of their favorite memories of what made Danny Wasserman a shoe retailer like no other.

NSRA President Mark DENKLER’s first brush with shoe retailing “greatness,” a.k.a. Danny Wasserman, came by happenstance. It was almost 30 years ago when he randomly sat next to the owner of Tip Top Shoes during one of the organization’s Education Events at a WSA Show in Las Vegas. Denkler was new to the business and had no idea who Wasserman was, but a long-lasting mentorship/friendship ensued.

“We joked then that my Florida customer was also his, so I needed to sell them shoes in the spring before they headed back to New York to shop his store,” Denkler recalls. “He also spoke of the Euro trend and told me to capitalize on it.”

Then, Denkler says, came a coveted tip that few knew. Wasserman explained to Denkler how he could stock less inventory, six sizes (from 36 to 41), versus the normal 12 sizes (from 5 to 11 including half sizes), which would increase cash flow but still allow him to concentrate on the “guts” of the business. “We added Naot, Mephisto, and Ecco shortly thereafter and it was one of the best decisions we ever made,” he says, adding that Wasserman’s keen eye for product made him someone to emulate. “I’d always check his product list to make sure my store kept up with the latest trends,” Denkler says, adding, “He’ll be missed as a gentleman, a legendary shoe dog, and an NSRA board member for 27 years.”

Gary Hauss, director of the IR Show and a longtime retailer, recalls another valuable tip he got from Wasserman. Back when they first met in the late ’90s, Wasserman told Hauss about using credit cards to pay bills. “This was way before anyone knew about that,” Hauss recalls. “Danny said: ‘Do you know how many trips I’ve taken and never paid for other than using points?!” Hauss adds, “Danny was always thinking ahead. We’ve just lost him, and he’s already greatly missed.”

Tarek Hassan, owner of CNCPTS, fondly recalls the many meetings he attended with Wasserman in showrooms and booths in New York, Las Vegas, and Europe. Wasserman would often pick up a shoe and move parts around, suggesting to the CEO and designers what they might be missing. “Fifteen minutes with Danny and you’d be schooled on everything that was right and wrong,” Hassan says, adding, “When Danny spoke, brands listened—and took notes.” Hassan absorbed all he could from the professor, including how he viewed product, did buys, focused on customers’ needs, looked for the latest trends, etc. “He was an incredible mentor. Danny played a huge part in the retailer I am today,” Hassan says.

Skechers CEO Robert Greenberg attended many meetings where Wasserman held court. “He was charming and seemed to love telling me what I could do better,” he laughs. “No matter how busy he was, he always had time to chit chat, and he loved hearing a good joke! We will all miss him, but just to think about him is a smile.”

Ayelet Lax Levy, president of U.S. operations for Naot, has the unique perspective of not only selling shoes to Wasserman, but also selling shoes for Tip Top during her college years. He was a great mentor on both sides of the coin. “I learned how to fit a shoe, how a stockroom works, how to greet customers, etc.,” she says, noting that he treated the staff like family. She recalls a memorable night was around the time Wasserman’s son, Lester, was getting married. Wasserman closed the store early and took the staff to his family’s favorite Italian restaurant. “It’s just how Danny was; he made everyone feel important and respected,” Lax Levy says. “His store is a destination, which isn’t easy to do in New York. He navigated through many storms and built a business to last, but he always did it with an underlying smile.”

Of the countless meetings with Wasserman, Impo Intl. CRO Bruce Kaplan’s favorite was his last. It took place this past August. Before catching a flight, he popped into Tip Top, as he often did. He and Wasserman talked for an hour. “As always, we picked up right where we left off. We talked, argued, and laughed,” Kaplan says. In particular, they talked about the impact AI will have on the industry. “He made me put some AI apps on his phone and show him how they worked,” Kaplan says. “I almost missed my flight, and now I wish I had. I, along with this industry, will miss him terribly.” —G.D.

The October/November 2024 Issue

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