United States
US footwear industry expects sales to decline
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
US Retail: consumer confidence collapses while footwear retail slowly loses its drive
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
Global personal luxury goods market to reach 360 to 380 billion euros by 2025
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
DSW tests new format store ahead of back-to-school season
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
Port bottlenecks in the US are spreading into freight rail networks
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
Wolverine Worldwide sells Champion footwear licence to HanesBrands
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
Founder of Rockport & Samuel Hubbard Shoe dies
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
Nike announces fourth quarter and full year results
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
Genesco appoints Gregory A. Sandfort lead independent Director
The former Chief Executive Officer and Director of Tractor Supply Company has joined the Genesco Board in 2021. Sandfort succeeds Matthew C. Diamond who has served in that role for the past four years
Fleet Feet to acquire Marathon Sports
The US franchisor of locally owned and operated running stores announced that it will acquire the New England-based running retailer Marathon Sports and its soundRunner and Runner's Alley brands
Angela Ogbechie is Deckers new Chief Supply Chain Officer
The California-based brand footwear, apparel and accessories has promoted Angela Ogbechie to the newly created role of Chief Supply Chain Officer. David Lafitte will step down as Chief Operating Officer
Nike to fully exit Russia
Following Russia's invasion of Ukraine, the US-based sportswear giant halted operations in the country. But now has decided to leave the Russian marketplace for good
US: high levels of inventory worry retailers
Retailers overestimated consumer demand when making inventory decisions for 2022. Now, they are expecting that holidays and back-to-school shopping will help them ease the pressure
Hoka unveils global marketing campaign
The division of Deckers Brands launched the global platform Fly Human Fly to invite runners of all abilities to experience running as an experience of joy, optimist and limitless possibilities
Gap and Athleta invest in the footwear and apparel start-up Saysh
The San Francisco-based apparel retailer invested 1 million USD in the footwear brand founded by the Olympic medallist Allyson Felix and her brother and business partner Wes Felix-
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