United States
Sustainable sneaker start-up Psudo raises 3 million USD
The US-based sneaker brand announced that completed a three million USD seed financing round led by SternAegis Ventures, who acted as placement agent
VF Corporation named one of the 100 best Corporate Citizens
The global player in branded lifestyle apparel, footwear and accessories, has been recognized by 3BL Media in its 100 Best Corporate Citizens ranking for the company’s work across people and planet, including employees, climate change, the environment and human rights, among other categories. VF ranked first in the Consumer Durables & Apparel Industry and 14th overall
Foot Locker reports solid performance
The retailer posted a slim increase in sales in the first quarter of fiscal 2022 over the same period last year, but still ahead of estimates. Revenue for the quarter totalled 2.17 billion US dollars
Deckers posts fiscal 2022 results
The Californian-based group reported a net sales increase of 23.8% over fiscal 2022, reaching 3.15 billion US dollars, as compared to fiscal 2021. Hoka brand grew the most
Under Armour CEO steps down
The company announced that Patrik Frisk will step down as President and CEO, effective 1st of June. Colin Browne, currently COO, will act as interim President and CEO until a new name is appointed
VF Corp announces full year results
The US-based apparel and footwear group has reported revenue growth of 28% over fiscal 2022, reaching 11.8 billion US dollars, as compared to fiscal 2021
Shoe Carnival surpasses pre-pandemic levels
The US-based retailer of footwear and accessories announced that in the first quarter of fiscal 2022 sales grew by 25.1% and EPS by 100 percentage points over the same period of 2019
Tapestry cuts outlook for 2022
Despite reporting a strong third quarter, the owner of Coach, Kate Spade and Stuart Weitzman, lowered its full year outlook, due to pressures related to the resurgence of COVID-19 in Mainland China
Wolverine Worldwide with revenue growth
Despite ongoing supply chain constraints and macro headwinds, the Michigan-based company reported a strong first quarter in 2022, confirming its full year guidance
Christopher Bevans is Eddie Bauer's new Creative Director
Outdoor brand Eddie Bauer appointed Christopher Bevans as its new Creative Director. The DYNE Founder and CFDA member is expected to bring his expertise
Under Armour reports net loss
The company announced unaudited results for its transition quarter ended on the 31st of March. Despite revenue growth, Under Armour posted a net loss of 60 million USD. Footwear sales declined
Foot Locker and adidas sign enhanced partnership
Built around product innovation, elevated experiences and deeper consumer connectivity, the partnership establishes Foot Locker as the lead partner for adidas in the basketball category
Caleres to dedicate 1 million USD to Soles4Souls
The grant is expected to be paid over two years through Charitable Trust Donation, round up campaign and product donation to support 4EveryKid Program. The aim is to help provide shoes for homeless children
US: nearly half of consumers to spend less in footwear
A national survey made amongst US shoppers found that almost half (48%) of footwear consumers is planning to spend less on footwear this spring than last year
Crocs raises full year outlook
The US-based company reported revenue growth of 44% in the first quarter of 2022 over the same period of 2021. Fuelled by "strong consumer demand", Crocs raised its guidance-
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