Companies
Payless exits bankruptcy
Payless ShoeSource has emerged from Chapter 11 bankruptcy after closing approximately 700 stores and eliminating more than 435 million US dollars in debt. The process took 4 months
Worldwide footwear exports in decline
Over the last two years exports have fallen by 6% in volume and by 8% in value, according to the 2017 edition of the World Footwear Yearbook, just launched by APICCAPS
Wolverine raises full year guidance
The US-based company presented a strong set of results for the quarter, and is now working towards a revised outlook for the full financial year
Eric C. Wiseman announces retirement
VF announced that Eric C. Wiseman will retire as Executive Chairman of the Board and as a Director. This will be effective from the 28th of October onwards
Weyco consolidates net sales
The US-based company announced net sales for the second quarter totaling 57.5 million US dollars, up by 1% as compared to second quarter 2016 net sales of 56.9 million US dollars
Crocs continues to focus on revenue
The US-based company focusing in casual footwear for men, women and children announced its financial results for the second quarter. Despite the decline in revenue Crocs continues its strategy on improving revenue quality
Steve Madden's net sales up by 15%
The US-based designer and marketer of fashion footwear and accessories for women, men and children, announced sales increasing at two digits rate during the second quarter of the current financial year
Under Armour revenue up by 9%
The US-based company continues to grow. Revenue increased by 9% in the second quarter of the current financial year, with footwear revenue declining by 2% in the same period
Aldo to acquire Camuto Group
The Canada-based footwear group has announced that it has entered into an agreement to acquire Camuto Group's footwear and accessories businesses. The Camuto family will continue to own and operate the apparel segment
DSW gives back to the community
The US-based footwear and accessories retailer announced a new campaign of its Shoe Lovers Care Leave Your Mark program. DSW associates nominated eight family-focused non-profit organizations for this campaign
India has potential to increase production
The Minister of State for Finance Santosh Gangwar went even further saying that India has the potential to become the biggest footwear producer by 2020
Friendly Fire opens first store
The Portuguese brand of footwear, focused on inspiring women to express their personality through their bold products, is now opening their first own store
UNIDO to support development of textile and footwear in Armenia
According to the Armenian News Agency UNIDO will set up a program providing 2 million US dollars for the development of the textile and footwear industries in the country
Michael Kors to buy Jimmy Choo
With the acquisition of the iconic luxury accessories brand, Michael Kors expects to expand its leadership position in the global fashion luxury segment and strengthen future growth opportunities-
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