United States
Stuart Weitzman aiming to achieve profitability this year
Tapestry, the US-based group owning Stuart Weitzman, believes the brand will become profitable again in the current fiscal year. A restructuring process of the company is underway
Nordstrom raises fiscal year outlook
The American chain of luxury department stores reported second quarter results, which reflected continued broad-based improvement in sales trends across categories and geographies
Designer Brands to give over 7 300 workers a 200 US dollars bonus
These bonuses to the companies’ associates will result in a 1 million US dollars investment made by Designer Brands ahead of the holiday season
Sales increase by 34.7% at Caleres
Net sales for the Caleres group in the second quarter reached 675.5 million US dollars, up by 34.7% from the second quarter of fiscal 2020
Net income bounces by more than 850% at Foot Locker
The footwear retailer reported net income of 430 million US dollars for the second quarter, as compared with net income of 45 million US dollars in similar period last year
Shoe Carnival with record quarterly sales and net income
The US-based retailer of footwear and accessories reported results for the second quarter and six months periods ended on the 31st of July 2021. Shoe Carnival talks about record quarterly sales and record quarterly net income
Designer Brands: net sales grow by 66.9%
The North America-based designer, producer and retailer of footwear and accessories, announced its financial results for the three months ended on the 31st of July 2021
Johanna W. Hanneke Faber joins Tapestry Board of Directors
New York-based house of modern luxury accessories and lifestyle brands announced that Hanneke Faber has been appointed to Tapestry’s Board of Directors. The appointment of Ms. Faber to the Board brings the membership to eleven, including ten independent directors
Net sales recovery at Columbia Sportswear
The Oregon-based sportswear company reported second quarter and first half results: net sales increased by 79% and 35%, respectively. Net result at Columbia Sportswear is on positive ground
Franco Fogliato is leaving Columbia Sportswear
The Oregon-based company focused on outdoor apparel, footwear, accessories and equipment announced that Franco Fogliato, Executive Vice President, Global Omni-Channel, is resigning from his position, effective after a brief transition period ending on the 3rd of September
Rocky Brands: revenue up by 134.2%
The Ohio-based company has announced second quarter results marked by an increase in net sales of 134.2% (to 131.6 million US dollars). Wholesale segment increased by 195.0% and retail by 36.8%
Asia accounts for more than half of global footwear consumption
In 2020 Asia’s consumption accounted for more than half (55.8%) of the grand total worldwide. After being the major manufacturing hub for the footwear world, now Asia is also playing a key role in the consumption side. Data is taken from the World Footwear 2021 Yearbook just released by APICCAPS, the Portuguese Footwear Association
Skechers’ Animal Rights Movement reaches 7 million US dollars in donations
The company’s BOBS from Skechers Philanthropic Collection has helped save and support over 1.3 million shelter dogs and cats in the United States and Canada
Tapestry establishes Foundation to promote equity and fight climate crisis
The New York-based house of luxury accessories and lifestyle brands has also announced the expansion of its Corporate Responsibility agenda. Tapestry intends to influence positive change for the industry
Hush Puppies & Designer Brands in partnership
The two tags announced an exclusive distribution partnership for Hush Puppies in North America. This initiative will make DSW Designer Shoe Warehouse the exclusive in-store distributor of Hush Puppies by 2022-
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