United States
Steve Madden acquires remaining share of European joint venture
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
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
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
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
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
UBS foresees 80 000 stores closures in the US by 2026
The analysis presented by the investment bank indicates that after the peak in closures registered in 2019, the scenario is not bright and shiny for the next 5 years. UBS is forecasting a 9% of the total current number stores to shut across the country by 2026
New Balance appoints Creative Director for MADE In USA
New Balance has appointed Teddy Santis, owner and founder of New York-based fashion label Aimé Leon Dore, Creative director of its MADE In USA tagline
CFDA and Swarovski Foundation launch scholarship to support sustainable innovation
While celebrating the 25th Anniversary of the CFDA Scholarship Program, the Council of Fashion Designers of America (CFDA) is partnering with the Swarovski Foundation to create the Re: GENERATION Innovation Scholar Award
Wolverine: 50% increase in ecommerce revenue
The US-headquartered footwear manufacturer has reported 50% growth of direct-to-consumer e-commerce revenue in the 2020 financial year
Nike to stop selling to six wholesale players
In a note, Williams Trading’s Analyst, Sam Poser, stated that proprietary checks confirm that Nike will close six wholesale accounts: DSW, Urban Outfitters, Shoe Show, Dunham’s Sports, Olympia Sports, and Big Five
US: stimulus checks fuel spending in athletic footwear and apparel
Data from the Bank of America Global Research reveals that Americans are buying more sneakers and apparel, as the stimulus checks reach the bank accounts of many Americans
Weyco: net sales down by 35.7% in 2020
The Milwaukee-based footwear group has announced financial results for the quarter and year ended on the 31st of December 2020. Net sales were down by 28.7% in the last quarter of the year. Accumulated loss for the year reached 35.7%
Nike announces 2025 targets
Sportswear brand Nike has announced third quarter revenues of 10.4 billion US dollars, up by 3% compared with the previous year. Over the next five years, Nike aims to bring to life 29 targets focused on people, planet and play
Caleres: revenue down by 27.5% in 2020
The US-based footwear group has announced fourth quarter and full year 2020 results. Revenue was down by 18.3% in the last quarter, and by 27.5% for the total of 2020
Amazon becomes top apparel retailer in US
According to research conducted by American-based bank Wells Fargo, Amazon has surpassed Walmart as the country's top apparel retailer-
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