United States
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
Nike launches Well Collective
The US-based sportswear giant launched the Well Collective commitment to “support wellness journeys for everyone”. This initiative is built on the brand's five pillars of holistic fitness
VF Corp appoints Bracken Darrel as President and CEO
The US-based footwear group has appointed Bracken Darrel to the role of President and CEO, effective on the 17th of July. He joins VF from Logitech International, where he held the same position since 2013
Aldo teams up with Brook Brothers
Authentic Brands Group (ABG) and the Canadian-based Aldo Group have entered a partnership to expand Brooks Brothers' assortment of men's footwear and small leather goods
Rockport files for Chapter 11 bankruptcy proceedings
The Massachusetts-based footwear company filed for Chapter 11 bankruptcy in a District Court in Delaware. Meanwhile, its CEO, Gregg Ribatt, has resigned
Stitch Fix announces new CEO
The US-based personal styling company appointed Matt Baer, former Chief Customer & Digital Officer at Macy's, as its new Chief Executive Officer and member of the Board of Directors
Samuel Ross reimagines Timberland's boot
Samuel Ross, the founder of A-Cold-Wall, has collaborated on Timberland's latest Future73 capsule collection, which invites designers to reimagine its iconic boot on the occasion of the brand's 50th anniversary
VF Corp opens new distribution centre in California
The US-based footwear group has announced the start of operations at its new distribution centre in Ontario, California. During peak periods, it will employ around 550 people
Keen footwear lowers its prices
The Oregon-based footwear company is lowering its prices to give some relief to consumers in this inflationary environment
Capri Holdings partners up with the National Fish and Wildlife Foundation
The luxury fashion group has entered a three-year partnership with the National Fish and Wildlife Foundation (NFWF) to accelerate the adoption of regenerative agriculture practices in the US-
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