World Footwear

United States

Lower sales and profits at Foot Locker

Dec 1, 2023 / United States
The US-based retailer has reported another fall in sales and profits in the third quarter of the year, deciding to further cut its guidance for 2023 against a backdrop of ongoing consumer uncertainty

Farfetch’s owner is reportedly considering taking the company private

Nov 30, 2023 / United Kingdom
The online luxury retailer’s Chief Executive Officer José Neves is reportedly in talks with top shareholders and JP Morgan advisers to delist the company

Genesco appoints Andy Gray as President of the Journeys Group

Nov 29, 2023 / United States
The Nashville-based footwear company has announced the appointment of Andy Gray as President of the Journeys Group, effective from the 3rd of January 2024

Caleres profits rise

Nov 27, 2023 / United States
Despite recording a net sales drop of 4.6% in the third quarter of 2023, as compared to the same period of 2022, the footwear company managed to increase its profitability in the quarter

US: footwear prices increased in October

Nov 24, 2023 / United States
While overall consumer prices remained stable, as compared to the previous month, retail shoe prices in October rose by 1.1% year-over-year, the sharpest increase in eleven months

Allbirds posts decline in revenue

Nov 23, 2023 / United States
In the process of a strategic transformation plan, the sustainable footwear brand posted a 21.2% decline in revenue in the third quarter of 2023, as compared to the same period of 2022

Columbia Sportswear names new president for the Sorel brand

Nov 22, 2023 / United States
The US-based company announced that Cory Long will join Columbia in December as President of the Sorel brand. He succeeds Mark Nenow, who resigned in June for health reasons

Capri posts results below expectations

Nov 20, 2023 / United States
The owner of Versace, Michael Kors and Jimmy Choo posted an 8.6% fall in revenue in the second quarter of fiscal 2024, as compared to the same period of last year, will all brands underperforming

Shoe Carnival cuts full year guidance once gain

Nov 17, 2023 / United States
The US-based retailer reported soft trends after Labour Day due to unfavourable weather conditions, which resulted in lower sales and profits. Thus, it lowered its full year guidance

Steve Madden’s third quarter performance improves

Nov 16, 2023 / United States
The New York-based designer and marketer of footwear, accessories and apparel posted a slight fall in sales in the third quarter of 2023, but returned to a growth in profits year-over-year

Wolverine Worldwide announces transformation initiatives after weak quarter

Nov 15, 2023 / United States
The US-based footwear company delivered a weak third quarter performance and announced a series of strategic initiatives that should put the company on a path to profitable growth

Tapestry’s sales growth slows down

Nov 15, 2023 / United States
The US-based company posted record net sales of 1.51 billion US dollars in the first quarter of fiscal 2024, but a figure only slightly higher than the one recorded a year ago

Under Armour reports better-than-expected results

Nov 13, 2023 / United States
The US-based company posted a better-than-expected second quarter performance, but due to the challenges faced in the North American region, it decided to lower its revenue guidance for fiscal 2024

US Retail: footwear prospects until the end of the year are at a standstill

Premium ContentNov 12, 2023 / United States
Despite signs of a certain resilience from consumers over the summer, companies are taking a cautious approach for the rest of 2023. The long deceleration in footwear inflation came to a halt in August, so if the trend recedes, wage increases will have to follow suit, or the positive outlook for footwear retail could be jeopardised. It’s not surprising how carefully retailers are managing their inventory at the moment: neither too much nor too little

Timberland’s President Susie Mulder exits the company

Nov 10, 2023 / United States
Timberland’s global brand president Susie Mulder is existing VF Corp to pursue another opportunity, says Footwear News. She will be replaced on an interim basis by veteran Nina Flood
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