Shoes
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
Peter Foot is leaving Shoe Zone
Shoe Zone announced that Peter Foot, its Finance Director, has left the business with immediate effect
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
Zouri: footwear with apple peels in children's version
The Portuguese-based brand launched a new collection of footwear for children. This time Zouri is using apple peels as a material to make shoes
Tod's closes the year with sales down by 30.4%
In fiscal year 2020, Tod's consolidated sales totaled 637.2 million euros, down by 30.4% from 2019. In the fourth quarter of 2020, sales amounted to 184.5 million euros, down by 22.6%. China is already growing in double digits
Revenue down by 13.0% at Mizuno
The Osaka-based sportswear company reported revenue down by 13.0% in the first nine months of the current fiscal year. Sales decreased significantly in all regions due to the COVID-19 pandemic
Brazil: two digits decline in production and exports in 2020
According to data released by Abicalçados, the Brazilian footwear sector may have lost 21.8% of its production in 2020, returning to levels registered 16 years ago. Brazilian footwear exports fell by 18.6%, the worst performance since 1983
Shoe Zone expects 24.3% decline in revenue
Ahead of releasing its final results for the 52-week period ended on the 3rd of October 2020, Shoe Zone announces that it expects to report revenue for the period of approximately 122.6 million British pounds, a 24.3% decline from the previous year
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
Kering with sales slowdown
Quarterly revenue at the French-based luxury group was down by 4.8% on a comparable basis to 4 billion euros, while sales at Gucci, the main segment of the Kering's revenue, contracted by 10.3% to 2.3 billion euros
adidas to sell Reebok and focus on core brand
As part of the development of its new five-year strategy, the Germany-based group has concluded its assessment of strategic alternatives for Reebok. As a result of the review, adidas has decided to begin a formal process aimed at divesting Reebok-
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