United States
ABG cancels its IPO application
The retail conglomerate has officially withdrawn the registration that it had made with the US Securities & Exchange Commission for an initial public offering on the 6th of July 2021
Skechers assumes distribution in the Philippines
The US-based footwear giant has transitioned its operations in the Philippines from a third-party distributor to Skechers USA Philippines. The goal is to maximize growth prospects in the region
Aera earns B Corp. Certification
The luxury vegan footwear brand has said that now meets the required standards of social and environmental performance, transparency and accountability, granting it B Corp. Certification
Crocs buys Heydude
The US-based brand of causal footwear has announced that it will acquire the casual footwear brand Heydude for 2.5 billion US dollars. The transaction should close in the first quarter of 2022
Owner of Havaianas invests in Rothy’s
The Brazilian company Alpargatas will acquire a stake of 49.9% of the Californian-based sustainable lifestyle brand in a two-step transaction
Skechers teams up with Hoop ’Til It Hurts Foundation
The company has launched a line of children footwear to support the Foundation’s mission of helping children in underserved communities across the US find lifelong success through basket
Nike posts solid performance
The US-based company reported strong performance in the second quarter of fiscal 2022, driven by sales in the North America region, and amidst ongoing impact of supply chain disruptions
Shoe Carnival offers same-day delivery service
The footwear retailer has partnered up with the technology company DoorDash to provide a same-day delivery service for US customers residing within 12-miles of the nearest store location
ABG teams up with JD Group to expand Reebok
The company has announced a partnership with JD Sports, which will sell the sportswear brand’s products in 2 850 stores and e-commerce platforms across North America and Europe
ABG takes Reebok to India
ABG has signed a long-term licensing agreement with ABFRL, confering the Indian company exclusive rights to distribute and sell Reebok products in India, Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka
Sorel and Hoka join responsible packaging movement
Launched last year by Columbia Sportswear’s prAna brand, the movement has reached now 100 signatories. The footwear brands Merrell and Saucony had already signed it
Nike accelerates its digital transformation
The company has announced the acquisition of RTFKT, which is a brand known for creating viral sneakers designs and collectible exclusives. The terms of the deal will not be disclosed
Foot Locker launches initiative to tackle social inequalities
The US-based footwear retailer has partnered up with Laureus Sport for Good Foundation to launch a multi-country initiative aimed at addressing inequality in underserved communities
SPARC to manage Reebok operations in the US
ABG, which will close the acquisition of Rebook next year, has established a partnership with its division SPARC to secure Reebok US’ operation, disclosing the strategy for the brand
Designer Brands reports strong performance
The North-American designer, producer and retailer of footwear and accessories has announced results for the third quarter of fiscal 2021. Comparable sales grew by 40.8%-
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