United States
US retail sales continue to increase despite slower employment growth
According to the CNBC/NRF Retail Monitor, August retail data showed steady growth, with total sales up by 2.11% year-on-year, led by solid performances in the online, clothing, and health sectors, even as job growth slowed
Crocs launches clog made with 25% recycled content from old shoes
Crocs continues to invest in circularity. Most recently, the company launched its Keep It Going Classic clog, which is made from 25% recycled material from old shoes collected through its take-back programme
Nike veteran Elliot Hill succeeds John Donahoe at the company’s helm
Amid a broader restructuring, the US sportswear giant has announced that CEO John Donahoe is stepping down from his position and will be succeeded by former senior executive Elliot Hill
Skechers files patent infringement lawsuit against Rockport
The US-based company is accusing Rockport, as well as its parent company Authentic Brands Group and its licensee Marc Fisher, of allegedly making and selling shoes that infringe on its patented slip-in technology
US: shoe prices decline for the first time in a year in August
According to the latest data from the Footwear Distributors and Retailers of America (FDRA), US footwear prices fell in August for the first time in a year, in line with the general inflation trend
Caleres reports lower net sales amid operational challenges
The US-based group maintained a strong gross margin of 45.5%, driven by the Brand Portfolio segment, as reporting challenges and weak seasonal demand affected the company’s guidance
Designer Brands posts decline in sales and gross profit in the second quarter
The US-based company faces a challenging environment with shrinking gross margins and rising debt. As net sales fell in the second quarter, Designer Brands reported a weaker outlook for 2024
American Exchange Group appoints Jimmy Gabriel to lead Aerosoles
The US-based group has appointed Jimmy Gabriel to the newly created role of President and Chief Brand Officer of Aerosoles. Branding and restructuring of all retail channels are his first priorities
Genesco exceeds expectations and slightly raises its full year forecast
Journeys boosts Genesco’s sales in the second quarter of fiscal 2025, as the company navigates store closures and cost-saving measures
Tapestry said to be close to selling Stuart Weitzman
As it defends its 8.5 billion USD acquisition of Capri Holdings in court, several sources have come forward to say that Tapestry is close to selling the luxury shoe brand Stuart Weitzman
Back-to-school season drives growth for Shoe Carnival
Boosted by the back-to-school season, the US-based footwear retailer posted record sales in the second quarter of its current fiscal year. As a result, it has raised its full year guidance
Nordstrom brothers make bid to buy back eponymous retailer
The Seattle-based department store chain has confirmed that brothers Erik and Peter Nordstrom have made an offer to take their namesake retailer private, potentially returning the company to family control
Kizik looks to expand its global footprint
As part of its global expansion strategy, the Utah-based slip-on footwear brand has announced that it has signed distribution agreements for Taiwan, Italy and Southeast Asia
Schuh introduces single-shoe purchase for disabled customers
Schuh, the footwear retailer owned by Genesco, has introduced single-shoe purchases across its store network to meet the needs of customers with limb differences or disabilities who require only one shoe
Foot Locker returns to sales growth
As its Lace Up Plan continues to make progress, the US-based sports retailer returned to sales growth in the second quarter and reaffirmed its non-GAAP earnings outlook for the full year-
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