News
Record buying at shoe stores in the US
According to finance.yahoo.com, citing the latest data from the US Bureau of Economic Analysis, consumer spending at shoe stores and other retailers selling footwear spiked to an all-time high in March
Zalando upgrades its outlook for fiscal 2021
Following exceptionally strong and profitable growth in the first quarter, continued elevated growth levels in the second quarter, and a stable outlook for the second half of the year, Zalando is upgrading its outlook for the current fiscal year
Allbirds releases open-source carbon footprint calculator
The New Zealand-American company has released an open-source tool for fashion brands to calculate their carbon footprint
Andrew E. Page as Executive VP and CFO at Foot Locker
The New York-based specialty athletic retailer announced the appointment of Andrew E. Page as Executive Vice President and Chief Financial Officer. His appointment follows the previous announcement that Lauren B. Peters is retiring from Foot Locker
Genesco closes the fiscal year with a drop of 19% in net sales
The Nashville-based footwear group has announced year end results. Genesco registered a 19% decline in net sales for the fiscal year ended on the 30th of January 2021
Gen Z: savvy digital shoppers
A new research by Sitecore "What makes Gen Z shopper tick since the pandemic" reveals that 64% of them want to keep buying mainly online
Vans co-founder Paul Van Doren dies at 90
Paul Van Doren, co-founder of the Vans company has died. He was 90.The company, based southeast of Los Angeles in Costa Mesa, announced Van Doren’s death on social media
Crocs is giving away 10.000 pairs of shoes a day to health care workers
Between the 10th and the 14th of May, the brand will give away 10.000 pairs of Crocs at Workshoes per day to frontline healthcare workers who continue to provide comfort in the communities
Sales down by 26.3% at Weyco
The Wisconsin-based footwear company has announced first quarter results. Weyco continues to register declining sales, especially on the wholesale segment. Sales were down by 26.3% in the first quarter
JJ Heitor obtains environmental certification
Portugal-based footwear company Joaquim José Heitor, owner of the JJ Heitor brand, has just received ISO 14001 certification - Environmental Management Systems
US Retail: Will retail go back to the trend?
Retail Sales in shoe stores started the year with a decreasing trend, putting an end in some recovery registered in the last months of 2020, especially when the stimulus checks started reaching the households. E-commerce is on an upward cycle, however, is not clear if the net result will be a good one, as its growth is taking place at the expenses of brick and mortar. Once again, as in other geographies already analysed in the past weeks, Consumer Confidence seems to be on a good track, translating the feeling that mass vaccination will knock COVID-19 soon. The question is: will retail go back to the trend?
Puma with new members to the Board of Management
Germany-based sports company Puma has appointed Hubert Hinterseher as its new Chief Financial Officer and Arne Freundt as its new Chief Commercial Officer starting on the 1st of June
Pre-pandemic footwear consumption levels not reached before 2023
The World Footwear' experts panel, gathering specialists from all over the world, is foreseeing a slight recover in footwear consumption during 2021 (+2.8%). Pre-pandemic levels shouldn't be reached before 2023
Tapestry: sales of the group up by 19%
The New-York based house of modern luxury accessories and lifestyle brands, reported results for the fiscal third quarter ended on the 27th of March 2021. Quarter results above expectations with sales up by 19%
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