United States
Brooks Running reaches 1 billion US dollars in revenue
The US-based running shoe brand reached 1 billion US dollars in sales for the first time in the third quarter, driven by growth in North America, Asia Pacific and European markets
Columbia posts mixed third quarter results with strong margins and sales decline
The US-based sportswear company reported a 5% decrease in revenue but improved its gross margin. Columbia also unveiled its new growth strategy, aimed at attracting younger and more active customers
Crocs posts slight revenue growth
The US footwear company has posted a slight revenue growth and increased gross margins for the third quarter, adjusting its fourth quarter and full year guidance. Heydude brand turnaround continues
Wolverine Worldwide appoints Susie Kuhn to lead Active Group
The US-based company has announced the appointment of industry veteran Susie Kuhn as President of its Active Group, which includes the Merrell, Saucony, and Chaco brands
VF Corp reports sequential quarterly improvement
Although the company’s revenue was still down year-on-year in the second quarter, there were signs of improvement, especially in the performance of Vans, which has weighed on VF’s overall performance
US Retail: expectations on the rise for the last quarter
The summer months have brought relief to footwear retailers, as sales in the category now appear to be on an upward trend. Although consumers remain cautious, the slowdown in employment and inflation is somehow starting to lift their spirits and retailers are showing signs of restocking. As the winter holidays approach, and despite question marks over the geopolitical turmoil and the upcoming presidential election, it’s safe to say that expectations are on the rise
Skechers reports record third quarter results
The US-based footwear company reported record third quarter results, boosted by international and domestic sales, and set strong guidance for the fourth quarter and full year 2024
Deckers posts strong second quarter
The California-based footwear company posted another strong quarterly performance, with net sales up by 20.1% year-on-year, driven by continued demand for the Hoka and Ugg brands
US Court blocks Tapestry’s acquisition of Capri
A US court has blocked the pending 8.5 billion US dollars merger between Tapestry and Capri with a preliminary injunction, marking a victory for the US Federal Trade Commission (FCT)
US footwear prices remain steady in September
US footwear prices experienced little change in September, according to the FDRA. However, an overall rise is projected by the end of 2024, marking the fourth consecutive year of annual price increases
Brooks and runDisney collaborate to elevate the race experience with Disney magic
This partnership will see Brooks Running create Disney-themed footwear and gear for runDisney events, enhancing the experience for the 170,000 participants who race at Disney resorts
H&M showcases brand identity at New York pop-up
The Sweden-based fashion retailer will open a pop-up store in New York City’s Nolita neighbourhood to showcase “the very best of the brand’s fashion identity”
FDRA launches new tool to enhance supply chain mapping for footwear brands
FDRA launches new tool to help footwear brands map their entire supply chain, from raw materials to final assembly, ensuring compliance with new regulations on sustainability and forced labour
Sandra Harris joins Genesco as new Chief Financial Officer
The US-based footwear company has appointed Sandra Harris as Chief Financial Officer. Harris succeeds Thomas George, the current Principal Accounting Officer, who plans to retire in December 2024
Quality is a big draw for second-hand buyers
More than half of consumers surveyed for the 2024 OfferUp Recommerce Report believe that used apparel items are generally of better quality than new items sold in stores today-
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