United States
Genesco plans to upgrade its information technology operations
The Nashville-based footwear company has announced plans to upgrade its IT operations as part of its long-term strategy to improve operational efficiencies across the business
Authentic closes Guess acquisition
Authentic Brands Group has completed the acquisition of a 51% stake in Guess’s intellectual property (IP), making Guess the second-largest brand in its portfolio after Reebok
Trump backs down on Greenland tariff threat
The US has cancelled its threat to impose tariffs on eight European countries in an effort to push for US control of Greenland, following talks with NATO Secretary General Mark Rutte
Under Armour announces executive leadership changes
As part of its transformation strategy, the Baltimore-based sportswear company has appointed Kara Trent as Chief Merchandising Officer and Adam Peake as President of the Americas
US threatens tariff hikes on eight European countries over Greenland dispute
President Donald Trump announced that the US plans to impose additional tariffs on imports from eight European countries, citing a dispute over Greenland as the reason
JD Sports to enable direct purchases through AI platforms
The sportswear retailer has announced that its US customers will be able to use AI platforms to search for and purchase sports footwear, apparel, and accessories without having to leave the interfaces
Genesco lifts full year adjusted earnings outlook on strong holiday sales
The Nashville-based footwear company has increased its full-year adjusted earnings forecast after achieving strong comparable sales during the holiday season
Saks Global files for Chapter 11 protection
Saks Global, the owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has filed for bankruptcy protection while it works to reduce its substantial debt
Nike quietly offloads its NFT business
The sportswear company finalised the sale of its virtual sneaker subsidiary, RTFKT, to an undisclosed buyer at the end of 2025, quietly marking its exit from the blockchain-based collectibles market
Marubeni strengthens lifestyle brand platform with Jacobson acquisition
As part of a strategic push to develop its scalable lifestyle brand business platform, the Japanese conglomerate Marubeni has acquired the multi-brand footwear owner Jacobson Group Limited
Two Ten Footwear Foundation appoints new Board Chair and Vice Chair
The US-based charitable foundation has appointed Jonathan Frankel, President of Aldo Product Services, as Board Chair, while Ed Rosenfeld, Chairman and CEO of Steve Madden, now serves as Board Vice Chair
Saks Global names new CEO as bankruptcy filing looms
The parent company of Saks Fifth Avenue has announced that Richard Baker will now take the helm, while retaining his role as Chairman. This statement comes after accounts of potential preparations for bankruptcy
Retail Flash: insights from key footwear markets
Explore the main retail dynamics across France, Germany, Japan, the Netherlands, the UK, the US and Spain based on our latest Retail Flash reports, highlighting that e-commerce expansion and import pressures continue to reshape retail across Europe, while stronger sales growth occurs in Japan and in the US
Nike reports modest gains amid ongoing challenges
Nike has reported modest gains in the second quarter, driven by a recovery in the North American market. However, ongoing weakness in Greater China and pressure tariffs continue to weigh on its overall performance
Brazilian footwear exports decline in November amid rising imports
Brazilian footwear exports fell in November, with shipments to the US, its main market, continuing to decline while imports surged. The trade balance is being pressured by US tariffs and growing inflows from Asia-
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Footwear Consumer 2030
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