United States
Net sales decrease at Rocky Brands
The US-based footwear company reported a 9.3% year-over-year decline in net sales in the fourth quarter, a slight improvement from the previous quarter. For the full year, net sales were down by 25.0%
Solid fourth quarter for Steve Madden
The New York-based designer and marketer of footwear, accessories and apparel ended its fiscal 2023 with a solid performance, despite a decline in full year revenue and profits
VF-owned Dickies names new vice president of global marketing
The US-based workwear brand, owned by VF Corp, has appointed Denise Anderson as its new vice president of global marketing. She joins the brand from Smartwool, also part of the same company
US Retail: it’s all about the prices
There are signs that footwear retail sales could rise moderately in the near term, but this will all depend on future price behaviour. On the one hand, the CPI suggests that the risk of renewed price rises is well contained, but on the other hand, retailers continue to manage excess inventories, so their pricing power may not be more evident until 2024. Perhaps better news comes from consumers’ inflation expectations for the next 12 months, as they seem to believe that they will get a break from inflation, which usually leads to more discretionary demand
Aldo to produce bags and leather goods for ABG-owned Hunter brand
The Canadian footwear company has signed another licensing agreement with Authentic Brands Group (ABG) to design, manufacture and distribute Hunter bags and small leather goods in the US and Canada
Wolverine Worldwide ends 2023 in the red but is optimistic about a turnaround
The company posted a revenue decline of 20.8% year-over-year and a diluted loss per share of 1.15 US dollars in the fourth quarter of 2023, but is optimistic about the outcome of its turnaround plan
Sam Edelman expands into four new categories
The Caleres-owned footwear brand has signed four new licensing deals to expand all its three brands – Sam Edelman, Circus NY by Sam Edelman and Sam & Libby – into new categories
Ugg turns leftover leather and suede into a new footwear collection
The Deckers-owned brand has used surplus stock and cuttings from the last few seasons to launch ReImagined by Ugg, which reimagines two of Ugg's classic styles
A strong year 2023 for Crocs
The US-based casual footwear brand delivered a strong performance in 2023, with revenue and diluted earnings per share up by 11.5% and 46.8%, respectively, as compared to the prior year
Shoe Carnival Acquires Rogan’s Shoes
The US-based retailer has announced the acquisition of the 53-year-old footwear company Rogan’s Shoes for 45 million US dollars. It has also released preliminary results for its fiscal 2023
Deckers appoints Robin Green as President of Hoka
The California-based company has appointed Robin Green to the role of President of the Hoka brand. She most recently served as global vice president of Men’s Running and Fitness at Nike
Tapestry raises full year earnings guidance
The owner of Coach, Kate Spade and Stuart Weitzman has raised its earnings guidance for fiscal 2024 after posting better-than-expected revenue and profit growth in the second quarter
Another disappointing quarter for VF Corp
The parent company of Vans and The North Face posted a 16% year-over-year decline in revenue in the third quarter of fiscal 2024, largely due to a “shift in the timing of wholesale deliveries”
Columbia Sportswear warns of a challenging year ahead
The US-based company posted a year-on-year drop in profits in 2023, as well as a weak fourth quarter. It also warns of a challenging 2024, as economic and geopolitical uncertainty remains high
Deckers reports record quarterly revenue and earnings
The US-based footwear company has reported “record” third quarter revenue and earnings, driven by an “exceptional performance” from both the Hoka and Ugg brands-
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