United States
Nike announces fourth quarter and full year results
The US-based sportswear giant has announced modest results for the fourth quarter and the full year, as it seeks to position itself for profitable growth in the long term
Authentic Brands Group appoints General Manager of Africa
The New York-based brand management group ABG has appointed Warren Bowers as General Manager of the Africa region to continue expanding its presence in emerging markets worldwide
US pushes EU to delay implementation of deforestation law
The US government has requested the European Commission to delay the implementation of the so-called Anti-Deforestation Regulation (EUDR), seven months ahead of schedule
Saucony names new chief marketing officer
The athletic footwear brand, owned by the US-based Wolverine Worldwide, has named Joy Allen-Altimare as global chief marketing officer with immediate effect
Slowdown in US footwear price increases
US footwear price increases decelerated in May, in line with overall consumer retail prices, according to the latest data from the FDRA. In general, however, they are still rising
White Mountain to expand into the male segment
The US-based label, owned by the American Exchange Group, continues to expand into different product categories. It has now announced plans to enter the men’s and boys’ footwear segment
Genesco reports net sales decline
As it continues to execute its strategic plan to turn around the Journeys business, the US-based company has reported a 5% year-on-year decline in net sales in the first quarter of its fiscal year
New brand president at The North Face
VF Corp has announced the appointment of Caroline Brown as Global Brand President of The North Face, effective from the 10th of June. As a result, she has resigned from VF’s Board of Directors
Nike job cuts reach Europe
The US-based sportswear giant has cut jobs at its European headquarters in the city of Hilversum, just outside Amsterdam, as part of a multi-year cost-cutting plan, said Bloomberg
ABG confirms the acquisition of Champion
Authentic Brands Group has further expanded its portfolio by signing a definitive agreement to acquire the Champion Athleticwear brand and business from HanesBrands
Mixed results at Designer Brands
The North American company reported a slight increase in net sales of 0.6% in the first quarter, but a sharp decline in net income, as compared to the same period last year
Foot Locker reiterates full year outlook
Amid its turnaround plan, the US-based sports retailer reported “solid” first quarter results, in line with previous expectations, thus reaffirming its outlook for the full year 2024
Dick’s Sporting Goods raises full year outlook
The US-based sporting goods retailer has started the fiscal year on a positive note, with first quarter sales up by 6.2% over the same period of last year. As a result, it has raised its full year outlook
Sun Choe appointed Global President of Vans
VF Corp has appointed Sun Choe as Global President of Vans, effective the end of July. She joins the company from lululemon, where she was Chief Product Officer for the past seven years
Capri results disappoint in the fourth quarter
As its ongoing acquisition by Tapestry awaits legal resolution after being blocked by a US regulator, the luxury fashion group reports a disappointing fourth quarter due to weak global demand-
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