World Footwear

United States

76 footwear brands urge Donald Trump to exempt shoes from tariffs

May 5, 2025 / United States
Nike, Skechers, Crocs, adidas, Puma, Caleres, VF Corp and Wolverine Worldwide are among the 76 companies that are urging the US administration to exempt footwear from the tariffs, fearing rising costs

Saks Global lays off hundreds of people

Apr 30, 2025 / United States
Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus, has laid off hundreds of employees as part of a plan to consolidate operations as the retailers merge

Skechers announces first quarter results

Apr 29, 2025 / United States
The US-based sneaker company has reported a solid start to the current year, with sales up by 7.1% on the same period last year. However, due to macroeconomic uncertainty, it will not be issuing full year guidance

Vietnam opens trade talks with the US over looming tariffs

Apr 25, 2025 / Vietnam
Vietnam and the US have formally opened talks over the Trump administration’s threat to impose a 46% tariff on goods from the Southeast Asian country, according to state media reports

What’s next for footwear businesses in a volatile global trade landscape?

Premium ContentApr 18, 2025 / United States
We have looked at the prospects for footwear companies in light of the recent US tariffs announcements, highlighting some concerns from both a manufacturing and retail perspective

US retail sales grew in March but consumers are worried

Apr 17, 2025 / United States
Data released by the US Census Bureau showed that retail sales rose in March, even as consumers continued to worry about the impact of rising tariffs, the National Retail Federation (NRF) said

China hits back with 125% tariffs on US goods

Apr 14, 2025 / China
China has retaliated against Donald Trump’s latest round on tariffs by raising duties on all US goods to 125% and dismissing the administration’s actions as a “joke”

Trump suspends tariff hikes for 90 days, but escalates trade war with China

Apr 10, 2025 / United States
On Wednesday, US President Donald Trump announced a 90-day pause on all “reciprocal” tariffs, with the exception of China. Tariffs on Chinese goods will rise to 125%

China retaliates with an additional 50% as the US raises tariffs on Chinese goods to 104%

Apr 9, 2025 / China
The trade war between China and the US has escalated after Donald Trump’s move to impose 104% tariffs on Chinese goods. Beijing has retaliated with an additional 50%, bringing the total tariff to 84%

US-China tensions escalate over tariff hikes

Apr 8, 2025 / United States
Donald Trump has threatened China with an additional 50% tariff on goods imported into the US unless the Asian country withdraws its 34% counter-tariff

Retail and business organisations express concern over Trump’s new tariffs

Apr 7, 2025 / United States
Retail and business organisations from the US and around the world have voiced their concerns over President Donald Trump’s announcement of new tariffs. Read some of these reactions

New US tariffs disrupt global markets

Apr 4, 2025 / United States
The US administration has imposed a baseline tariff of 10% on all imports into the US, as well as higher targeted tariffs on some of the country’s largest trading partners

Financial head of Capri Holdings to join Macy’s

Apr 3, 2025 / United States
The US department store chain has shuffled its executive team to drive its Bold New Chapter strategy. In particular, Thomas J. Edwards will become chief operating officer and chief financial officer

Nike reports drop in revenue and profits in the third quarter

Apr 2, 2025 / United States
The US-based sportswear company has reported a drop in revenue and profits in the third quarter of the year, as it continues its turnaround strategy to improve long-term profitability

Capri Holdings announces CFO resignation and appoints interim successor

Apr 2, 2025 / United States
Thomas J. Edwards, Jr, currently Chief Financial Officer and Chief Operating Officer of Capri Holdings, has resigned. Rajal Mehta, Chief Financial Officer of Michael Kors, will assume the role on an interim basis
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