United States
VF announces year end results marked by growth in the last quarter
In the last fiscal year, the company suffered the impacts of the pandemic like many other retailers. However, VF's most recent quarter saw growth in key areas, with revenue growing by 23% in the last three months of the fiscal year
Nike with strong set of results
Nike reported fourth quarter revenue totalling 12.3 billion US dollars, up by 96% compared to prior year and increasing by 21% compared to the fourth quarter of 2019. Full year reported revenue increasing by 19% to 44.5 billion US dollars
Nike is the most resold fashion brand in the world
According to a new study conducted by Energy switching site SaveOnEnergy, Nike leads the rank of world’s most resold fashion brands. The site surveyed millions of listings across online resale platforms like eBay, Depop, ASOS Marketplace, Etsy and Vestiaire Collective
PVH is selling Heritage business to Authentic Brands Group
The American-based fashion company has announced it is exiting the Heritage Brands business with Sale of IZOD, Van Heusen, ARROW and Geoffrey Beene Brands to Authentic Brands Group. PVH is reinforcing focus on the global growth of Calvin Klein and Tommy Hilfiger
Wolverine announces next steps in planned CEO succession
The US-based footwear company has announced Brendan Hoffman, President and a member of the Company’s Board of Directors, will succeed Blake Krueger as CEO at the year end. Krueger will become Executive Chairman
Designer Brands announces new appointments
The US-based designer, producer and retailer of footwear and accessories announced two new executive appointments. Debbie Ferrée ais now President of Camuto Group and William L. Jordan President of Designer Brands Inc.
Shoe Carnival announces two-for-one stock split
The US-based retailer of footwear and accessories announced that its Board of Directors has authorized a two-for-one stock split of the company's common stock
US: Apparel and Footwear Industry welcomes suspension of retaliatory tariffs
The American Apparel & Footwear Association (AAFA) welcomed the announcement by the US Trade Representative (USTR) to end a dispute over aircraft subsidies, effectively suspending retaliatory tariffs on clothes, shoes, and fashion accessories imposed by the US and the EU
Pandemic’s impact on imports is alleviating
According to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates, imports at the nation’s largest retail container ports saw their busiest April on record
Pinterest expands shopping features to more countries
Social network Pinterest announced the expansion of their shopping attributes to Australia, Canada, France and Germany. The shopping features were available first in the US and UK
Study finds 28% of runners started during the pandemic
This is according to a survey taken by RunRepeat which included 3.961 current runners to investigate how many began during the pandemic. The survey also aims to analyse some motivations and behaviours of current runners
Crocs appoints Tracy Gardner to Board of Directors
The casual footwear brand for women, men and children, known for its clogs, announced that Tracy Gardner has been appointed to its Board of Directors, which has been effective since the 9th of June 2021
Foot Locker's first quarter comparable store sales increase by 80.3%
The US-based retailer has announced the first set of results for 2021, with first quarter comparable store sales growing by 80.3%. Net income in the period totalled 202 million US dollars
Weyco acquires Forsake brand
The Milwaukee-based company announced that it acquired substantially all of the operating assets and certain liabilities of Forsake, a distributor of outdoor footwear
Crocs files complaint to block imports and sale of trademark-infringing products
The Colorado-based brand famous for its clogs filed a complaint with the United States International Trade Commission (ITC) seeking an investigation of unlawfully imported shoes into the United States in violation of its registered trademarks-
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