United States
Allbirds set to launch Initial Public Offering
The sustainable footwear company is targeting a valuation of up to 2.2 billion dollars by offering 19.2 million shares of its Class A shares, priced from 12 to 14 US dollars
US: sport leisure footwear sales slow down
According to the NPD Group, footwear sales decelerated in the third quarter of 2021 (July-September). Fashion footwear continues to recover slowly
Skechers sales rise
The US-based footwear giant reported a third quarter sales increase of 19.2%, reaching 1.55 billion US dollars, driven by improvements in domestic and international businesses
Crocs with another period of record revenue
The US-based brand of casual footwear announced record third quarter revenue of 625.9 million US dollars. Revenue growth was strong in all regions, despite supply chain disruptions
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-
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