World Footwear

Companies

Under Armour reports revenue decline with improved profitability

Nov 12, 2024 / United States
The US-based sportswear company has increased its gross margin, although this was partially offset by lower revenues in all markets. Fiscal 2025 guidance has been positively revised

adidas reports nine month revenue growth

Nov 8, 2024 / Germany
The German-based sportswear company has raised its guidance for 2024 and now expects 1.2 billion euros in operating profit, driven by sales momentum and disciplined cost management

Puma reports nine month results amid currency headwinds

Nov 7, 2024 / Germany
Currency pressures and higher operating expenses impacted Puma’s 2024 nine-month results. However, the German-based company reaffirmed its guidance on the back of revenue growth in the Americas and DTC performance

Nike appoints new Chief Diversity Equity and Inclusion Officer

Nov 7, 2024 / United States
The US-based sportswear company has appointed Kizmet Mills as its new Chief Diversity Equity and Inclusion (DEI) Officer. She is the fifth person to hold the role since 2020

Vulcabras achieves the highest EBITDA in its history

Nov 7, 2024 / Brazil
The Brazilian footwear company has reported a strong performance in the third quarter. It has achieved its highest EBITDA ever, thus validating the consistency of its business strategy

RM Williams targets the UK as part of global expansion

Nov 6, 2024 / United Kingdom
The Australian-based bootmaker plans to open new UK stores in the coming months. The company aims to use the country as a launchpad for its international growth strategy, while remaining true to its heritage

Deichmann acquires Esprit shoe trademark

Nov 4, 2024 / Germany
Amid insolvency proceedings, Esprit has sold its shoe brand rights in Europe and the United States to Deichmann. The German-based shoe retailer aims to expand its footwear offering in these markets

Wolverine Worldwide appoints Susie Kuhn to lead Active Group

Oct 31, 2024 / United States
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

Join the 11th edition of the World Footwear Business Conditions Survey

Oct 30, 2024 / Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. WE WANT TO HEAR YOU!

VF Corp reports sequential quarterly improvement

Oct 30, 2024 / United States
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

Footasylum secures new bank funding to boost UK expansion

Oct 29, 2024 / United Kingdom
The new funding from HSBC UK will be used to expand stores, improve technology and support exclusive brands. The agreement encourages Footasylum to meet sustainability targets to decrease loan costs

Skechers reports record third quarter results

Oct 28, 2024 / United States
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

Birkenstock expands presence in South Korea with new e-commerce platform

Oct 28, 2024 / South Korea
The global brand with German roots has launched a dedicated e-commerce website and loyalty programme in South Korea. Birkenstock also plans to open physical stores in 2025

Deckers posts strong second quarter

Oct 28, 2024 / United States
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

Oct 25, 2024 / United States
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)
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