United States
Yellow Wood Partners to acquire Scholl from Reckitt Benckiser
The Boston-based private equity firm focused on investing in consumer brands and companies announced that it has entered into an agreement to acquire the Scholl footcare brand, from UK-based consumer-goods company Reckitt Benckiser
Kohl's expects sales to increase by two digits in 2021
The US-based retailer has announced they currently expect full year 2021 net sales to increase in the mid-teens percentage range as compared to the prior year. Total revenue declined by 20.1% in fiscal 2020
Caleres adds Naturalizer & Sam Edelman distribution to its European business
The US-based footwear group is adding 2 brands through its European distribution office, based in Milton Keynes in the United Kingdom. Caleres aims to broaden the reach of its brand portfolio and strengthen connections with global consumers
Tonal partners with Nordstrom to expand retail footprint
The home gym and personal trainer company announced that it partnered with Nordstrom to bring its intelligent strength training system to new customers across the country. With the partnership Tonal's retail footprint will increase to 40 stores across the US
US consumption recovers as spending lifts by 2.4%
The recovery in consumers’ spending registered in January 2021 follows months of cost-cutting in the US. This 2.4% growth was the sharpest in seven months and is taken as a sign that the economy may be placed to nurture a recovery
Foot Locker: sales down by 5.7% in 2020
The sportswear giant has announced declining sales in 2020. Which did not come as a surprise given the COVID-19 scenario. The company’s Board of Directors approved a 33% boost in its quarterly dividend to 20 cents per share
AAFA calls on President Biden to prevent price increases on PPE
The American Apparel & Footwear Association (AAFA) sent a letter President Biden requesting the extension of tariff exemptions on imports of personal protective equipment (PPE) from China, such as face masks, that will expire on the 31st of March
Steve Madden: revenue down by 32.8%
The US-based footwear brand has reported its results for the fourth quarter and year ended on the 31st of December 2020. Steve Madden's revenue was down by 32.8% in 2020
Crocs: record revenue in 2020
The brand known for its clogs just posted the highest quarterly revenue in its history. Record 2020 revenue of 1.4 billion US dollars increased 12.6% over last year. Digital sales grew 50.2% in 2020 to represent 41.5% of revenue
VF named one of the world’s most ethical companies
The recognition by Ethisphere honours those companies that outstand in leading, making values-based decisions and overall commitment to integrity. This was the fifth consecutive year VF Corporation got the nomination
Deckers with first billion-dollar revenue quarter
Strong direct to consumer and ecommerce performance have pushed Deckers to a record quarter with its first time billion-dollar quarter revenue
Skechers donates 6 million US dollars to save dogs and cats
Through sales of its BOBS from Skechers collection, the sportswear giant has helped save and support more than one million shelter dogs and cats in the United States and Canada
Under Armour with 15% decline in 2020 revenue
The Baltimore-based announced unaudited financial results for the fourth quarter and fiscal year ended on the 31st of December 2020. Revenue was down by 15% in 2020 and by 3% in the last quarter
Revenue down by 14.1% at Wolverine
The Michigan-based footwear giant has announced third quarter revenue down by a two digits rate. E-commerce revenue grew by 56.4% in the period. Management expects return to meaningful growth to take place in the first quarter of FY 2021
Amazon announces year end results and CEO transition
The ecommerce giant announced its financial results for the fourth quarter and year ended on the 31st of December 2020. Founder and CEO Jeff Bezos will transition to the role of Executive Chair and Andy Jassy will become Chief Executive Officer-
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