United States
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
Deckers Brands CEO to retire in August
As the US-based company reported another strong quarter, it announced that Dave Power has decided to retire as President and Chief Executive Officer, effective from the 1st of August 2024
A strong 2023 for Skechers
The US-based footwear company has achieved record annual sales of 8.0 billion USD in 2023, up by 7.5% year-over-year, driven by a strong performance in the direct-to-consumer channel
Crocs brand President Michelle Poole to retire
The US-based casual footwear brand has announced that Crocs brand President Michelle Poole has decided to retire. She will be succeeded by Chief Financial Officer Anne Mehlman
Macy’s cuts 2 350 jobs
As it continues to streamline its business, the department store chain has announced that it will lay off about 3.5% of its workforce, or around 2 350 employees, and close five stores
Farfetch shareholders join forces to oppose the takeover of Coupang
A group of Farfetch shareholders have come together to block South Korean e-commerce firm Coupang’s impending takeover of the luxury e-tailer, citing an untransparent sales process
National Retail Foundation announces new board members
The National Retail Foundation (NRF), which is part of the National Retail Federation, has welcomed four new members to its board of directors
New leadership appointments announced at Allbirds
The US-based sustainable footwear brand has promoted Kelly Olmstead, formerly SVP of Brand & Marketing, to Chief Marketing Officer, and appointed Adrian Nyman to the newly created role of Chief Design Officer
Designer Brands appoints Andrea O'Donnell as Brands President
The North American footwear company has appointed Andrea O'Donnell to the role of Brands President and Executive Vice President of Designer Brands, effective from the 29th of January 2024
More than 1 800 brands expected at The Atlanta Shoe Market
The US footwear trade event is set to host more than 1 800 brands at its next edition, which will take place from the 17th to the 19th of February at the Cobb Galleria Centre in northwest Atlanta
Under Armour reinforces executive team
The US-based sportswear company has strengthened its executive team with the appointment of Yassine Saidi as Chief Product Officer and Kara Trent as President of the Americas region
Global slowdown in international footwear trade
A sluggish demand in two of the main areas for footwear consumption, the US and Europe, resulted in a global slowdown in international trade throughout 2023. Check the snapshot of the performance of the main players with the figures known so far-
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