World Footwear

United States

VF is selling the occupational portion of its work segment

Apr 30, 2021 / United States
A global player of branded lifestyle apparel, footwear and accessories, VF Corporation, announced that it has entered into a definitive agreement to sell the occupational portion of its work segment to a subsidiary of Redwood Capital Investments, LLC, an holding company

Allbirds exploring IPO

Apr 30, 2021 / United States
The San Francisco-based casual footwear and sneaker maker, is in the process of interviewing banks in preparation for an initial public offering (IPO)

Tapestry appoints Scott A. Roe CFO and Head of Strategy

Apr 30, 2021 / United States
The New York-based house of modern luxury accessories and lifestyle brands, announced Scott A. Roe will be the new CFO, effective from the 1st of June 2021 onwards. Mr. Roe will have responsibility for all finance functions as well as leading the Company’s Strategy and Consumer Insights teams

Crocs reports record revenue and raises 2021 guidance

Apr 29, 2021 / United States
Revenue of the company famous for its clogs in the first three months of the fiscal year totalled 460.1 million US dollars, an increase of 63.6% from similar period last year. The company took the opportunity to raise its guidance for the full year

Skechers announces record first quarter

Apr 28, 2021 / United States
The US-based footwear brand posted net profit of 98.6 million US dollars in the first quarter of 2021, an increase of 100.8% compared to the 49.1 million dollars in similar period in the previous year. Record sales registered in the first quarter contributed to this result

How are Italy and Spain reacting to the threat?

Premium ContentApr 27, 2021 / Spain
The announcement made by the United States Trade Representative (USTR) on the 26th March regarding the next steps in its Section 301 investigations of Digital Service Taxes (DSTs) adopted or under consideration by several US trading partners made the alarm sound for Spain and Italy

Matt Priest: we are 100% against the duties

Premium ContentApr 26, 2021 / United States
We spoke with the President & CEO of the Footwear Distributors & Retailers of America to go over the topic of the moment: the US threat of duties on footwear imported from Spain, Italy and the UK

What are the Digital Services Taxes?

Apr 26, 2021 / OECD
Recently, there has been increasing concerns regarding the fact that the existing international tax system is not accommodating the digitization of the economy, as multinationals generally pay corporate income tax where production takes place, and the location of consumers is not taken into the equation

US consumer confidence rises to one-year high

Apr 26, 2021 / United States
According to data by the Conference Board, the US consumer confidence reached a one-year high in March, after a modest increase in February. This is the result of more optimism regarding the economy and the labour market

Footwear consumption in the US not keeping pace with the rest of the world

Premium ContentApr 23, 2021 / Business Conditions Survey
In the fourth edition of our Business Conditions survey, we questioned our panel members about their perspectives regarding the evolution of the consumption share of the US in the global market. Found out about their conclusions

Steve Madden acquires remaining share of European joint venture

Apr 19, 2021 / United States
The US-based designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, announced that it has completed the acquisition of the 49.9% share that it did not already own of its European joint venture

US: threat of new tariffs in response to digital taxes

Apr 16, 2021 / United States
The United States Trade Representative (USTR) is collecting public comments on the potential implementation of tariffs to a list of goods from 6 US trading partners. Tariffs can go up to 25%. Footwear is part of the lists for some trade partners

Under Armour announces commitments to tackle climate change

Apr 16, 2021 / United States
The US-based sportswear brand Under Armour has committed to using 100% renewable energy use in owned and operated facilities by 2030 and to achieve net zero greenhouse gas emissions by 2050

Todd Kahn is new Coach's Chief Executive Officer and Brand President

Apr 16, 2021 / United States
The New York-based house of modern luxury accessories and lifestyle brands, announced the appointment of Todd Kahn as Chief Executive Officer and Brand President of Coach, effective immediately

Wolverine appoints Kathleen Wilson-Thompson to its Board of Directors

Apr 15, 2021 / United States
The Michigan-based company announced the appointment of Kathleen Wilson-Thompson to its Board of Directors. The decision is effective from the 5th of May 2021 onwards
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