United States
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%
Skechers launches Our Planet Matters recycled collection
The new collection was designed to help reduce the company’s environmental impact. Skechers has also announced a partnership with the non-profit The Nature Conservancy
Shoe Carnival acquires Shoe Station
Shoe Carnival is buying the family-owned footwear retailer Shoe Station, which operates in five South-eastern US states, for 67 million US dollars. The goal is to expand its customer base
Genesco reports revenue increase
The Nashville-based footwear group has announced net sales increase of 25% in the third quarter of fiscal 2022, reaching 601 million US dollars, as compared to the third quarter of 2021
Caleres raises full year outlook
The footwear group reported net sales of 784.2 million US dollars in the third quarter of 2021, as compared to the same quarter of 2020, driven by Famous Footwear business' performance
Authentic Brands Group valued at 12.7 billion US dollars
The retail conglomerate, whose portfolio of brands includes Forever 21 and Barneys New York, is delaying its planned initial IPO and selling major equity stakes in its business
Foot Locker reports strong performance
The retailer announced results for the third quarter of 2021, posting net income of 158 million US dollars. Total sales increased by 3.9%, as compared to the same period of 2020
VF achieves 100% LWG-audited leather
The US apparel and footwear group, owner of brands such as Timberland and Vans, has published its fourth Made for Change sustainability and responsibility report
Nike takes its first steps into metaverse
The company has filed several trademarks applications for various virtual goods, which indicates its intention to make and sell digital Nike-branded sneakers and apparel in digital worlds
Crocs and thredUP partner up
The US-based brand, known for its clogs, has teamed up with the second-hand platform to launch the Clean Out programme. The initiative aims at giving items a second life
Shoe Carnival with most profitable quarter ever
The US-based retailer of footwear and accessories reported record net sales and net income in the third quarter of 2021. The company has updated again its full-year outlook
Versace appoints Cedric Wilmotte as Interim CEO
The global fashion luxury group announced the appointment of Cedric Wilmotte as Interim Chief Executive Officer of Versace. This will be effective from the 17th of January onwards-
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