United States
Matt Priest: we are 100% against the duties
We spoke with the President & CEO of the Footwear Distributors & Retailers of America to go over the topic of the moment: the US threat of duties on footwear imported from Spain, Italy and the UK
What are the Digital Services Taxes?
Recently, there has been increasing concerns regarding the fact that the existing international tax system is not accommodating the digitization of the economy, as multinationals generally pay corporate income tax where production takes place, and the location of consumers is not taken into the equation
US consumer confidence rises to one-year high
According to data by the Conference Board, the US consumer confidence reached a one-year high in March, after a modest increase in February. This is the result of more optimism regarding the economy and the labour market
Footwear consumption in the US not keeping pace with the rest of the world
In the fourth edition of our Business Conditions survey, we questioned our panel members about their perspectives regarding the evolution of the consumption share of the US in the global market. Found out about their conclusions
Steve Madden acquires remaining share of European joint venture
The US-based designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, announced that it has completed the acquisition of the 49.9% share that it did not already own of its European joint venture
US: threat of new tariffs in response to digital taxes
The United States Trade Representative (USTR) is collecting public comments on the potential implementation of tariffs to a list of goods from 6 US trading partners. Tariffs can go up to 25%. Footwear is part of the lists for some trade partners
Under Armour announces commitments to tackle climate change
The US-based sportswear brand Under Armour has committed to using 100% renewable energy use in owned and operated facilities by 2030 and to achieve net zero greenhouse gas emissions by 2050
Todd Kahn is new Coach's Chief Executive Officer and Brand President
The New York-based house of modern luxury accessories and lifestyle brands, announced the appointment of Todd Kahn as Chief Executive Officer and Brand President of Coach, effective immediately
Wolverine appoints Kathleen Wilson-Thompson to its Board of Directors
The Michigan-based company announced the appointment of Kathleen Wilson-Thompson to its Board of Directors. The decision is effective from the 5th of May 2021 onwards
UBS foresees 80 000 stores closures in the US by 2026
The analysis presented by the investment bank indicates that after the peak in closures registered in 2019, the scenario is not bright and shiny for the next 5 years. UBS is forecasting a 9% of the total current number stores to shut across the country by 2026
New Balance appoints Creative Director for MADE In USA
New Balance has appointed Teddy Santis, owner and founder of New York-based fashion label Aimé Leon Dore, Creative director of its MADE In USA tagline
CFDA and Swarovski Foundation launch scholarship to support sustainable innovation
While celebrating the 25th Anniversary of the CFDA Scholarship Program, the Council of Fashion Designers of America (CFDA) is partnering with the Swarovski Foundation to create the Re: GENERATION Innovation Scholar Award
Wolverine: 50% increase in ecommerce revenue
The US-headquartered footwear manufacturer has reported 50% growth of direct-to-consumer e-commerce revenue in the 2020 financial year
Nike to stop selling to six wholesale players
In a note, Williams Trading’s Analyst, Sam Poser, stated that proprietary checks confirm that Nike will close six wholesale accounts: DSW, Urban Outfitters, Shoe Show, Dunham’s Sports, Olympia Sports, and Big Five
US: stimulus checks fuel spending in athletic footwear and apparel
Data from the Bank of America Global Research reveals that Americans are buying more sneakers and apparel, as the stimulus checks reach the bank accounts of many Americans-
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