United States
Rocky Brands reports full year sales growth
The Ohio-based company reported reaching net sales of 615.5 million US dollars last year, up by 19.7% over 2021. Net income for the year, was, however flat, at 20.5 million US dollars
Wolverine Worldwide posts profit loss
Despite a sales growth, the Michigan-based company reported a fourth quarter and full year 2022 profit loss, impacted by higher transitory supply chain costs and excess inventory
US: footwear industry sales to stabilize through 2025
Following the pandemic-fuelled instability experienced since 2020, US footwear sales are expected to stabilize over the next three years, growing at a steady pace of 1%, says the NPD Group
Steve Madden reports annual revenue growth
Despite a full year revenue growth of 13.7% last year over 2021, the US-based company adopted a more cautious near term outlook thanks to the “increasingly challenging backdrop” as well as more “conservative initial Spring orders”
Foot Locker names interim CFO
In addition to his current duties as Senior Vice President of investor relations and financial planning and analysis, Robert Higginbotham will undertake the role of interim CFO of Foot Locker
Caleres foresees record annual sales
The US-based footwear group reported preliminary and unaudited fiscal 2022 sales and earnings ahead of previous expectations, following a stronger-than-anticipated holiday performance
AAFA salutes progress in tackling growing counterfeiting problem
The American Apparel & Footwear Association (AAFA) has welcomed the US 2022 Review of Notorious Markets for Counterfeiting and Piracy, saying it echoes concerns raised by clothing and footwear brands
Amazon reports net loss in 2022
Despite a better-than-expected fourth quarter last year, the Seattle-based company posted a full year net loss of 2.7 billion USD, as compared to a net income of 33.4 billion USD in 2021
Under Armour appoints new board members
The US-based company has appointed Carolyn Everson and Patrick Whitesell as members of its Board of Directors. Moreover, long-time member Harvey Sanders will step down from the Board on the 31st of March
Crocs reports record annual revenue
The US-based company reported having reached a “record” revenue of 3.6 billion US dollars, up by 53.7% over 2021, driven by strong consumer demand. As a result, it anticipates a strong 2023
VF Corp names Silvia Onofri as President of the brand Napapijri
The owner of high-profile brands such as Vans, The North Face and Timberland has appointed Silvia Onofri to the position of Brand President of the outwear brand Napapijri
Under Armour announces third quarter results
The Baltimore-based company reported revenue growth of 3% in the third quarter of fiscal 2023, reaching 1.6 billion US dollars, as compared to the same period of the prior fiscal year
Tapestry delivers record second quarter earnings
The owner of Coach, Kate Spade and Stuart Weitzman posted record earnings per diluted share of 1.36 US dollars in the second quarter of FY 2023, even though net sales fell by 5% year-over-year
FedEx Office to shut SameDay City service
The shipping company confirmed that it will end the service that provides same-day deliveries in large metro areas from the 31st of March. In face of declining demand, the goal is to reduce costs
Designer Brands acquires Keds from Wolverine
The North American company has acquired the footwear brand Keds from Wolverine Worldwide, thus increasing its Owned Brands portfolio while reaching into the athleisure category-
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