Despite macroeconomic headwinds and COVID-related restrictions in China, the US-based company reported having achieved yet a new quarterly sales record
The Seattle-based department store announced the promotion of Deniz Anders to Senior Vice President and Chief Marketing Officer. Nina Barjesteh, a Senior Executive at DICK's Sporting Goods, will join the company as President, Nordstrom Product Group
Despite recessions fears, the US Bureau of Labour Statistics reported that employers hired far more workers than expected in June. Wages continued to rise at a steady pace
The North-American company has entered a licensing agreement with Le Tigre 360 Global. The deal is regarded as another step to double sales of the owned brands category by 2026
According to the NPD Group retail tracking service, athletic footwear sales in the US decreased by 8.2% from January through March 2022, on a comparable basis to the same period in 2021
According to the Footwear Distributors & Retailers of America (FDRA), the footwear industry is pulling back on hiring and investment due to a major forecast of weaker sales for the next six months
Despite the declining trend of the monthly shoe store retail sales and persistent macroeconomic headwinds such as supply chain disruptions and the continuous rise of inflation, US companies are displaying some optimism towards the remaining year. That is not the same as saying there is no caution or concerns on the horizon. The pace of the increase in footwear prices is in fact slowing, suggesting that the pressure of demand might be no more at work in the US. The critical point is that consumer confidence collapsed due to inflation and the war in Ukraine, which might restrain consumer spending this year
Despite the challenges and disruptions that happened at the start of 2022, the global luxury market will reach 360 to 380 billion euros by 2025, following the rebound experienced in 2021
The footwear chain, owned by Designer Brands, has been testing since May in its Hedwig Village store in Houston a new store format to better engage with the youngest consumers
The bottlenecks that have constrained the country’s supply chains are now extending from the docks to the freight rail networks, raising costs and difficulties for importers
The company announced that its wholly-owned subsidiary Keds sold the Champion trademarks for footwear in the US and Canada to its licensee HannesBrands for 90 million USD in cash
Bruce R. Katz, the founder of both the Rockport Shoe and Samuel Hubbard companies, passed away on the 26th of June, at 75, after suffering injuries from a fall at his home in California
The US-based company posted full year revenue growth despite the impact of COVID-19-related disruptions in China and higher freight and logistics costs in the fourth quarter performance