United States
Crocs raises fiscal 2023 guidance
The US-based footwear company has announced that it now expects a record 2023 revenue of 3.95 billion USD, up by more than 11% year-on-year, and slightly ahead of its previous growth guidance of 10% to 11%
ABG partners with BBC International to grow DC Shoes
Authentic Brands Group (ABG) has announced a partnership with BBC International for DC Shoes. BBC will design, manufacture and wholesale distribute the footwear brand in the US and Canada
Genesco names new Chief Merchandising Officer for Journeys
The Nashville-based footwear company has named Chris Santaella as Executive Vice President and Chief Merchandising Officer of the Journeys Group, effective from the 5th of February
Ecco opens first flagship store in NY
The Danish footwear company continues to transform its business in the US, taking another step forward with the opening of its first store in Manhattan at the end of 2023
Futureverse teams up with Reebok
The AI and metaverse technology and content company has partnered up with Reebok to help the footwear brand expand the ways consumers can interact with its products
Latest Authentic Brands partnerships in Asia
The New York-based brand management company has expanded its partnership with Liberated for Australia, New Zealand, Thailand, and Indonesia and signed another with BRJ Group for Japan and Taiwan
Wolverine Worldwide appoints first-ever Chief Supply Chain Officer
The US-based company has appointed Bishu Jayaram to the newly created role of Chief Supply Chain Officer, making him responsible for global sourcing, distribution, logistics, and integrated planning
IR Show Summer edition to take place in Las Vegas
The organizer of the Innovative Retail Show announced that the summer edition of the show will take place in Las Vegas. For the time being, the winter edition will remain in San Diego
Nike cautions against soft demand for the second half of fiscal 2024
The US-based sportswear giant posted a solid performance in the second quarter of fiscal 2024, with profits up by 21% year-over-year, but warned of soft demand for the rest of the year
Wolverine Worldwide sells Asian assets for 70 million USD
As part of its ongoing transformation strategy, the US-based footwear company announced the sale of some assets in Asia, which will generate a total of 70 million US dollars in proceeds
South Korean Coupang acquires Farfetch
The South Korean e-commerce giant has agreed to buy Farfetch in a bailout deal, providing the online luxury platform with 500 million USD in emergency funding. Deal to acquire a 47.5% stake in Yoox Net-a-Porter is off
Under Armour to scale up its fibre-shed test method
The company has teamed up with James Heal, a precision testing solutions supplier, to make its fibre-shed test method available to the industry and to address the growing threat of microfibres and microplastics
Sam and Libby Edelman presented with the Footwear News Lifetime Achievement Award
The founders of the Caleres-owned footwear brand Sam Edelman were honoured at the last edition of the Footwear News Achievement Awards (FNAAs) with the Lifetime Achievement Award
VF Corp cuts 500 jobs
The owner of Vans, The North Face and Timberland has announced that it has fired 500 employees worldwide as it seeks to restructure its business and improve operations globally
Genesco reports drop in sales and profits
Amid a difficult operating environment, the footwear retailer reported a third quarter decline in sales and profits. Schuh and Johnston & Murphy results helped offset Journeys’ performance-
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