United States
Under Armour appoints Massimo Baratto Chief Consumer Officer
The Baltimore-based company has announced the appointment of Massimo Baratto to the position of Executive Vice President, Chief Consumer Officer
US: footwear prices increase significantly
According to the Shoe Price Report issued by the Footwear Distributors and Retailers of America (FDRA), footwear prices are increasing at the fastest rate in over 20 years, with year-to-date prices up by 3.2%
Vietnamese footwear exports plunge in September
Data from the Vietnamese Ministry of Industry and Trade indicates that footwear exports have decreased by 44.2% to 678.4 million US dollars, on a comparable basis to similar month in 2020
Malone Souliers launches digital made-to-order platform
The London-based luxury footwear brand has launched a new digital made-to-order platform that will allow customers across the globe to customize Malone Souliers’s most iconic styles
Nike displays LeBron James Innovation Center
Located at the centre of the sportswear giant’s headquarters in Oregon, the LeBron James Innovation Centre will also house the renovated Nike Sport Research Lab (NSRL)
Caleres with new Senior Vice President for Customer Marketing
Suzy Cirulis was named Senior Vice President for Customer Marketing and will lead the company’s customer marketing efforts across the entire Caleres portfolio
Gap publishes the 2020 Global Sustainability Report
The document summarizes the efforts of the company and each of its brands towards sustainability and the fostering of a more inclusive and fairer workplace
AAFA: industry expresses concern over tax-tariff burden
The American Apparel & Footwear Association President and CEO Steve Lamar expressed concerns with the Biden administration’s plans to continue collecting tariffs
Nike cuts revenue forecast amid supply chain disruptions
Despite an increase in revenue of 16% to 12.25 billion US dollars for the first quarter of fiscal 2022, the US-based company admitted that revenue growth is being limited by supply chain disruptions
Nike reports increase in revenue
The US-based company has announced the results for the first quarter of the current fiscal 2022. Revenue increased by 16% to 12.2 billion US dollars (up by 12% currency neutral basis)
Saadia Group to acquire Aquatalia
The US multicategory product manufacturing, wholesaling, distribution and retailing company has agreed to acquire the assets of the Italian footwear and accessories brand. Aquatalia becomes the first luxury label in Saadia's portfolio
US: holiday retail sales likely to increase
According to Deloitte’s annual holiday retail forecast, holiday retail sales are expected to increase between 7% and 9% in 2021. E-commerce sales should grow the most
Crocs aims at 5 billion US dollars sales
The US-based brand of casual footwear has announced its long-term strategy for sustainable and profitable growth. Crocs expects its revenue to increase to more than 5 billion US dollars by 2026
Foot Locker completes acquisition of WSS
The New York-based specialty athletic retailer has completed its acquisition of Eurostar, Inc. (WSS), a US-based athletic footwear and apparel retailer that primarily operates on the West Coast
2021 Lineapelle New York cancelled
The New York edition of the Lineapelle fair has been cancelled due to continuing travel restrictions and the suspension of B1 visas by US authorities-
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