United States
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
Skechers President Michael Greenberg joins Footwear News Hall of Fame
In recognition of his long-standing contribution to the company’s growth and philanthropic efforts, Michael Greenberg, president of Skechers, has been inducted into the Footwear News Hall of Fame
Mango strengthens US presence with opening of 60th store
The Spain-based fashion retailer has opened its 60th store in Chicago, thus strengthening its presence in the US market. The country is one of the top five main markets
Matthew Barnes is the new President of Foot Locker International
After Dick’s Sporting Goods acquired Foot Locker, Matthew Barnes became President of Foot Locker International, tasked with accelerating business momentum and executing targeted turnaround strategies
US Retail: recovery gains ground amid ongoing pressures
Clothing and footwear sales have improved since January, with the latter already exceeding last year’s figures, but overall retail remains slightly below 2024’s levels. Although holiday forecasts point to moderate growth, rising inflation, falling consumer confidence and shifting interest rates suggest an economically fragile backdrop. Trade pressures are also having an impact on the sector: the value of footwear imports increased, but their volume fell, suggesting that retailers are absorbing higher costs through surgical price increases. A one-year suspension of additional tariffs on Chinese footwear provides temporary relief, but economic uncertainty persists
Nike reshuffles its senior leadership team
Following the elimination of the Chief Technology Officer role, Chief Supply Chain Officer Venky Alagirisamy has been appointed Chief Operating Officer and will now oversee the technology department-
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