World Footwear

United States

Wolverine with better-than-expected revenue

Aug 7, 2020 / United States
The Michigan-based footwear company has reported revenue down by 38.6% in the second quarter. Despite the negative impact of the COVID-19 pandemic, Wolverine says these results were much stronger than expected

Wolverine declares quarterly dividend

Jul 30, 2020 / United States
The Michigan-based footwear group has announced that its Board of Directors has declared a quarterly cash dividend of 0.10 US dollars per share of common stock

Steve Madden: revenue down by 68.2%

Jul 29, 2020 / United States
The New-York based designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, announced financial results for the second quarter ended on the 30th of June 2020

Joint statement from AAFA, FDRA, NRF, RILA, and USFIA on supply chains and Xinjiang

Jul 28, 2020 / United States
A group of US-based footwear, apparel, retail and fashion industries associations have issued a statement regarding the issues around suspects of forced labour in parts of the supply chain

PVH is splitting from the Heritage Brands division

Jul 27, 2020 / United States
The New-York based group is streamlining its North American operations to better align its business with the evolving North American retail landscape, which has been accelerated by the COVID-19 pandemic

Skechers with recovery on the horizon

Jul 24, 2020 / United States
The US-based footwear giant has announced second quarter results. Sales declined by 42.0% overall. However, Skechers is optimistic with growth in China, improvement in many markets and the jump on ecommerce

Foot Locker implements new organizational structure

Jul 24, 2020 / United States
The footwear giant announced a new organizational structure with several executive changes and senior management promotions implemented. The aim, according to Foot Locker, is to elevate the customer experience

US: Healthy Workplace Tax Credit to go ahead

Jul 23, 2020 / United States
The National Retail Federation welcomed new legislation that would give businesses a tax credit intended to help defer the cost of employee testing, PPE, cleaning and other steps needed to make workplaces safe during the coronavirus pandemic

US: major retailers requiring customers to wear face masks

Jul 23, 2020 / United States
As numbers of daily new cases continue high in the US, many retailers are following the practice advocated by the Centres for Disease Control and Prevention and demanding customers to wear face masks in their premises

Tapestry with interim leadership changes

Jul 22, 2020 / United States
The New York-based house of modern luxury accessories and lifestyle brands, announced that effective immediately, Jide Zeitlin, Chairman and Chief Executive Officer, has resigned from the Company and its Board of Directors for personal reasons

Iconix Brand Group is exploring sale

Jul 21, 2020 / United States
The Board of the Iconix Brand Group has decided to broaden its exploration of strategic alternatives available to the company to enhance shareholder value, including a potential sale

Coronavirus driven lockdowns return to the US

Premium ContentJul 20, 2020 / United States
Some US states such as California and Oregon are bringing back orders to lockdown as new cases of people infected with coronavirus continue to climb. Consumers in badly hit areas might not feel comfortable to visit stores

JCPenney to close 152 stores and cut 1 000 jobs

Jul 17, 2020 / United States
The US-based retailer is becoming a smaller operator as it goes through a bankruptcy restructuring. JCPenney plans to lay off about 1 000 employees as it shuts down more than 150 stores

RTW Retailwinds voluntarily files Chapter 11 Bankruptcy

Jul 16, 2020 / United States
As a result, the retailer expects to close a significant portion of its brick-and-mortar stores. Company expects to fully repay approximately 12.7 million US dollars in remaining loan outstanding

AAFA claims lack of trade credit insurance could hinder economy restart

Jul 15, 2020 / United States
A new report by economists Dr. Robert Litan and Dr. Yong Xu highlights the need for a government-sponsored backstop to support trade credit insurance (TCI) to ensure a safe recovery from the economic fallout caused by the COVID-19 crisis
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