United States
Authentic Brands Group acquires Rockport
The New York-based brand management company announced that it has received bankruptcy court approval to acquire the footwear brand Rockport, which had filed for Chapter 11 in June
Brazilian footwear exports on downward trajectory
In the first half of 2023, Brazilian footwear exports declined by 13.6% in volume and 3.8% in value year-over-year due to a global economic slowdown. Performance in the US market has suffered the most
Journeys launches resale programme
The footwear retailer, owned by Genesco, has teamed up with the online resale platform thredUP to launch the ‘Journeys Second-Hand’ initiative, aimed at a more environmentally-conscious generation
Changes in the leadership of Vans in the EMEA
VF Corp has announced that Andreas Olsson, until the past 17th Van's Vice President of Sales for EMEA, will now be the brand's new Vice President and General Manager for the region
Authentic Brands appoints new Chief Financial Officer
The New York-based brand management company has announced the appointment of Kevin Willis as Chief Financial Officer (CFO)
Brooks Running enters the resale market
The Seattle-based company has announced the launch of the resale programme ReStart, which will enable the refurbishment and reselling of used Brooks footwear in the US
Designer Brands appoints Laura Denk as President of DSW
The North American company announced the appointment of Laura Denk as President of Designer Shoe Warehouse (DSW) and Executive Vice President of Designer Brands, effective as of the 24th of July
Global personal luxury goods market set to continue growing in 2023
After registering a record year in 2022, and despite uncertain macroeconomic conditions, the global personal luxury goods market is expected to grow between 5% to 12% in 2023
Skechers sues Steve Madden over alleged trademark infringement
The US-based sneakers company has filed a lawsuit against Steve Madden for allegedly copying its trademark “S” logo on its Kennie line of sneakers
US Retail: distressing times for footwear retail
In an environment of widespread destocking, footwear retail sales have been declining since the start of the year in the US, and despite good news such as a continuous moderation in price increases. The problem remains with the rising consumer price index for all categories, whose decreasing pace is not enough to generate an overall positive impact. Consumers are still attending to more pressing needs, and footwear is not on that list
Nike mocked for the look of recyclable sneakers
The US-based company has been the subject of internet backlash from footwear fanatics over the worn-out aesthetics of its 'ISPA Minbody' sneakers, designed to be easily disassembled
Nike posts a decline in profits
Despite seeing its revenue grow during the fourth quarter of fiscal 2023, the US-based company posted a 28% decline in net income from the same period of fiscal 2022
Skechers partners up with Rolling Stones
The US-based sneakers company has launched a limited-edition collection that features the Rolling Stones's iconic trademark tongue logo for both men and women
White Mountain expands into footwear for children
The US-based women's footwear label, owned by American Exchange Group, is expanding into a new product category, namely footwear for girls
Under Armour confirms corporate lay-offs
The Baltimore-based sportswear company has cut 50 roles across several units in its corporate workforce, says Footwear News, to help reduce expenses and achieve profitability-
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