United States
AAFA: industry expresses concern over tax-tariff burden
The American Apparel & Footwear Association President and CEO Steve Lamar expressed concerns with the Biden administration’s plans to continue collecting tariffs
Nike cuts revenue forecast amid supply chain disruptions
Despite an increase in revenue of 16% to 12.25 billion US dollars for the first quarter of fiscal 2022, the US-based company admitted that revenue growth is being limited by supply chain disruptions
Nike reports increase in revenue
The US-based company has announced the results for the first quarter of the current fiscal 2022. Revenue increased by 16% to 12.2 billion US dollars (up by 12% currency neutral basis)
Saadia Group to acquire Aquatalia
The US multicategory product manufacturing, wholesaling, distribution and retailing company has agreed to acquire the assets of the Italian footwear and accessories brand. Aquatalia becomes the first luxury label in Saadia's portfolio
US: holiday retail sales likely to increase
According to Deloitte’s annual holiday retail forecast, holiday retail sales are expected to increase between 7% and 9% in 2021. E-commerce sales should grow the most
Crocs aims at 5 billion US dollars sales
The US-based brand of casual footwear has announced its long-term strategy for sustainable and profitable growth. Crocs expects its revenue to increase to more than 5 billion US dollars by 2026
Foot Locker completes acquisition of WSS
The New York-based specialty athletic retailer has completed its acquisition of Eurostar, Inc. (WSS), a US-based athletic footwear and apparel retailer that primarily operates on the West Coast
2021 Lineapelle New York cancelled
The New York edition of the Lineapelle fair has been cancelled due to continuing travel restrictions and the suspension of B1 visas by US authorities
AAFA and Kenya Association of Manufacturers together to promote economic growth in the industry
The two entities signed a memorandum of understanding (MOU) to collaborate on policy areas of mutual interest through joint advocacy and information sharing on industry best practices
Athleta joins Zalando
The Gap-owned brand of premium women’s performance and lifestyle wear has recently joined the German e-commerce platform Zalando. Athleta’s goal is to intensify its presence in Europe
Diane Randolph joins Shoe Carnival's Board of Directors
The retailer of footwear and accessories appointed Diane Randolph to its Board of Directors, effective immediately. The Board will now be composed of 7 directors (5 are independent)
Sales rebound at Genesco
The Nashville-based footwear group has announced the results for the second fiscal quarter ended on 31st of July 2022.Sales at Genesco increased by 42% from similar quarter last year, which generated revenue of 555 million US dollars
Dick's Sporting Goods to hire up to 10 000 seasonal associates
The Pittsburgh-based sporting goods retailer announced it will hire the largest number of seasonal associates in its history for the 2021 holiday season
Sam Edelman debuts kids collection
The new Sam Edelman Kids footwear collection designed exclusively in-house for the fall 2021 season. The assortment appeals to create a "Mommy and Me" moment for customers
Troy Sicotte is the new President of Mountain Hardwear
The brand, which is part of the Columbia Sporstwear portfolio, has announced Troy Sicotte as the new President of Mountain Hardwear-
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