United States
US Retail: expectations on the rise for the last quarter
The summer months have brought relief to footwear retailers, as sales in the category now appear to be on an upward trend. Although consumers remain cautious, the slowdown in employment and inflation is somehow starting to lift their spirits and retailers are showing signs of restocking. As the winter holidays approach, and despite question marks over the geopolitical turmoil and the upcoming presidential election, it’s safe to say that expectations are on the rise
Skechers reports record third quarter results
The US-based footwear company reported record third quarter results, boosted by international and domestic sales, and set strong guidance for the fourth quarter and full year 2024
Deckers posts strong second quarter
The California-based footwear company posted another strong quarterly performance, with net sales up by 20.1% year-on-year, driven by continued demand for the Hoka and Ugg brands
US Court blocks Tapestry’s acquisition of Capri
A US court has blocked the pending 8.5 billion US dollars merger between Tapestry and Capri with a preliminary injunction, marking a victory for the US Federal Trade Commission (FCT)
US footwear prices remain steady in September
US footwear prices experienced little change in September, according to the FDRA. However, an overall rise is projected by the end of 2024, marking the fourth consecutive year of annual price increases
Brooks and runDisney collaborate to elevate the race experience with Disney magic
This partnership will see Brooks Running create Disney-themed footwear and gear for runDisney events, enhancing the experience for the 170,000 participants who race at Disney resorts
H&M showcases brand identity at New York pop-up
The Sweden-based fashion retailer will open a pop-up store in New York City’s Nolita neighbourhood to showcase “the very best of the brand’s fashion identity”
FDRA launches new tool to enhance supply chain mapping for footwear brands
FDRA launches new tool to help footwear brands map their entire supply chain, from raw materials to final assembly, ensuring compliance with new regulations on sustainability and forced labour
Sandra Harris joins Genesco as new Chief Financial Officer
The US-based footwear company has appointed Sandra Harris as Chief Financial Officer. Harris succeeds Thomas George, the current Principal Accounting Officer, who plans to retire in December 2024
Quality is a big draw for second-hand buyers
More than half of consumers surveyed for the 2024 OfferUp Recommerce Report believe that used apparel items are generally of better quality than new items sold in stores today
Authentic and Saks Global to form a strategic venture
The joint venture Authentic Luxury Group will serve as an incubator for luxury brands, driving global growth with new strategies for licensing, retail and lifestyle expansions across multiple industries
Kizik secures distribution in Japan and Canada
The Utah-based slip-on footwear brand has partnered up with Marubeni Consumer Brands and Kanner Corporation to secure distribution in Japan and Canada, respectively
US holiday retail sales expected to rise up to 3.3% in 2024
Consulting firm Deloitte forecasts that holiday retail sales will increase between 2.3% and 3.3% in 2024, driven by a projected 7% to 9% growth in e-commerce as consumers continue to shift to online
International sales soar at SportsShoes.com
The UK-based footwear and outdoor gear e-commerce retailer has reported a 22% increase in international sales in the first half of its fiscal year, as compared to the same period of last year
Authentic Brands Group appoints Josh Perlman as Executive Vice-President to lead Greater China expansion
Authentic continues to expand its Asian Pacific portfolio with the appointment of Josh Perlman to lead its Greater China strategy. Perlman brings over 25 years of experience in brand development-
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