United States
Wolverine Worldwide reiterates full year outlook
The US-based company posted a first quarter revenue decline in 2023 of 2.5% year-over-year, but delivered earnings slightly above its expectations, thus reiterating its yearly guidance
Allbirds co-founder Tim Brown takes on a new role in the company
The co-founder and co-CEO of the Californian-based footwear brand has stepped down from his CEO role into Chief Innovation Officer. This move comes amid a round of lay-offs as losses mount
Steve Madden starts the year with a mixed performance
The US-based company, which reported a first quarter revenue decline of 17.1% in 2023, year-over-year, reiterated its full year outlook amid a challenging macroeconomic environment
Nordstrom appoints Cathy R. Smith as Chief Financial Officer
Smith joins Nordstrom from Bright Health Group where she has served as Chief Financial and Administrative Officer since 2020. The appointment is effective from the 29th of May onwards
Aldo Group signs licencing deal with Ted Baker
Authentic Brands Group (ABG) has signed a long-term licensing agreement with the Aldo Group for handling Ted Baker footwear, handbags and small leather goods business
Columbia Sportswear earnings decline
The US-based company reported a net sales increase of 8% in the first quarter of 2023, but a net income decrease of 31%, as compared to the same period of last year
Under Armour reports solid fourth quarter
The US-based company posted profits in the fourth quarter of fiscal 2023, on a comparable basis to the same period of fiscal 2022, and delivered full-year revenue and earnings in line with the previous outlook
Foot Locker names former Nike executive to lead WSS brand
The US-based retailer has appointed Blanca Gonzalez to the role of Senior Vice President and General Manager of its WSS banner, effective 15th of May
Skechers to acquire its Scandinavian distributor
The US-based footwear company announced that it has signed an agreement to purchase its existing Scandinavian distributor, Sports Connection Holding ApS
Sam Edelman launches resale programme
The Caleres-owned footwear brand has unveiled a new resale programme for its products. Called ReLove, this peer-to-peer platform was created in partnership with the tech and sustainability platform Archive
Gap to cut about 1 800 jobs
The US-based apparel company will lay off about 1 800 jobs to streamline operations and cut costs, thus joining the list of US companies that have been downsizing over the past months
Kohl's extends partnership with adaptive brand Billy Footwear
The US-based retailer has announced the extension of the partnership with the adaptive footwear brand Billy Footwear with the aim of broadening its offering of adaptive fashion
Skechers announces first quarter results
The US-based footwear company has reported record sales of 2.00 billion US dollars in the first quarter of 2023, up by 10% as compared to the same period of the previous year
Hoka launches first-ever collection for children
The Deckers Brands division has launched its first children's footwear collection. With kid-centric features, the Youth collection was inspired by three of Hoka's most iconic styles
Amazon posts profit in the first quarter
The Seattle-based online retail giant reported a first quarter 2023 net income of 3.2 billion US dollars, as compared to a net loss of 3.8 billion US dollars in the same period last year-
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