United States
Footwear sales in the US expected to stabilize and bounce back slightly in 2021
The forecast is from the NPD Group, which estimates that fourth quarter sales are positioned to significantly improve over year-to-date trends
Skechers announces third quarter results
The California-based footwear company reported sales of 1.30 billion US dollars in the third quarter of the year, a 3.9% decrease year-over-year, but a 78.3% increase from the second quarter of 2020
Wolverine declares quarterly dividend
The Michigan-based footwear group has announced its Board of Directors has declared a quarterly cash dividend of 0.10 US dollars per share of common stock
Genesco appoints John F. Lambros to its Board of Directors
Lambros is President of GCA-US, a global investment bank. He serves as the head of GCA's digital media banking practice and is a member of its board of directors and executive committee. With this appointment Genesco's board now has eight members
Joanne Crevoiserat is Tapestry's new CEO
The New York-based house of luxury accessories and lifestyle brands announced that its Board of Directors has appointed Joanne Crevoiserat as Chief Executive Officer, effective immediately
Crocs: third quarter revenue grew by 16%
Revenue totaled 361.7 million US dollars, an increase of 15.7% from the same period last year, or 15.9% on a constant currency basis. E-commerce revenue grew by 36.3%, while wholesale increased by 12.4% and retail went up by 8.9%
Free shipping will make a difference this holiday
According to NPD's insights, free shipping was identified, for the first time, as the number one factor influencing where consumers decide to shop this holiday in the US. A finding in line with consumers increasing use of online shopping due to the COVID-19 pandemic
Kering overcomes expectations despite 4.3% sales decline
The luxury group announced consolidated revenue in the third quarter of 2020 of 3 717.7 million euros, down by 4.3% as reported. Double digit growth in North America and Asia-Pacific contributed to the period's performance
Crocs and Justin Bieber in partnership
The casual footwear brand announced a collaboration with global superstar Justin Bieber. The Crocs X Justin Bieber is inspired from the signature yellow of Bieber's personal clothing brand and includes eight custom Jibbitz charms
VF shows signs of recovery with higher than expected results
The owner of brands such as Vans, The North Face and Timberland, registered declining revenue in the second quarter (-18%). Notwistanding, VF's results have surpassed their internal expectations, which is being taken as a positive sign of recovery
Amy Hunter is Caleres new Vice President of Diversity, Equity and Inclusion
The St. Louis-based company has announced Amy Hunter will join the company as Vice President of Diversity, Equity and Inclusion, effective from today
12th Annual Skechers Pier to Pier Friendship Walk turns into a virtual event
Notwithstanding the COVID-19 reality the fundraising campaign for kids will continue and the aim I to raise 2 million US dollars as it transforms its popular annual beach event into a celebration of its sponsors and community
AAFA reiterates importance of CBTPA program is extended to 2030
The American Apparel & Footwear Association President and CEO Steve Lamar welcomed the signing of the "Extension of the Caribbean Basin Economic Recovery Act" by President Trump this weekend. The bill extends the CBTPA until the 30th of September 2030
FDRA and FFANY complete merger
The Footwear Distributors and Retailers of America (FDRA) announced it has assumed the management of the Fashion Footwear Association of New York (FFANY) operations. FDRA President and CEO Matt Priest will oversee the union and FFANY’s Executive Director
Nike's first quarter digital sales up by 82%
Nike’s revenue in the first quarter decreased by 1% totalling 10.6 billion US dollars and was flat to prior year on a currency-neutral basis. The sportswear giant reported first quarter digital sales growing by 82%-
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