United States
Wolverine Worldwide appoints first-ever Chief Supply Chain Officer
The US-based company has appointed Bishu Jayaram to the newly created role of Chief Supply Chain Officer, making him responsible for global sourcing, distribution, logistics, and integrated planning
IR Show Summer edition to take place in Las Vegas
The organizer of the Innovative Retail Show announced that the summer edition of the show will take place in Las Vegas. For the time being, the winter edition will remain in San Diego
Nike cautions against soft demand for the second half of fiscal 2024
The US-based sportswear giant posted a solid performance in the second quarter of fiscal 2024, with profits up by 21% year-over-year, but warned of soft demand for the rest of the year
Wolverine Worldwide sells Asian assets for 70 million USD
As part of its ongoing transformation strategy, the US-based footwear company announced the sale of some assets in Asia, which will generate a total of 70 million US dollars in proceeds
South Korean Coupang acquires Farfetch
The South Korean e-commerce giant has agreed to buy Farfetch in a bailout deal, providing the online luxury platform with 500 million USD in emergency funding. Deal to acquire a 47.5% stake in Yoox Net-a-Porter is off
Under Armour to scale up its fibre-shed test method
The company has teamed up with James Heal, a precision testing solutions supplier, to make its fibre-shed test method available to the industry and to address the growing threat of microfibres and microplastics
Sam and Libby Edelman presented with the Footwear News Lifetime Achievement Award
The founders of the Caleres-owned footwear brand Sam Edelman were honoured at the last edition of the Footwear News Achievement Awards (FNAAs) with the Lifetime Achievement Award
VF Corp cuts 500 jobs
The owner of Vans, The North Face and Timberland has announced that it has fired 500 employees worldwide as it seeks to restructure its business and improve operations globally
Genesco reports drop in sales and profits
Amid a difficult operating environment, the footwear retailer reported a third quarter decline in sales and profits. Schuh and Johnston & Murphy results helped offset Journeys’ performance
Merrell appoints a new Chief Marketing Officer
The outdoor footwear brand owned by Wolverine Worldwide has announced the appointment of Pallav Tamaskar as Chief Marketing Officer (CMO)
Lower demand impacts Designer Brands’ third quarter results
The footwear company reported lower third-quarter sales and profits due to a contraction in the footwear market caused by unseasonably warm weather. As a result, it cut its full year guidance
Caleres looks to grow internationally
Looking to expand globally, the US-based footwear company has strengthened its team with the appointment of Erika Mackoul as Senior Vice President of International
US online sales to exceed 1.1 trillion dollars in 2023
E-commerce sales in the US are on track to exceed 1.1 trillion US dollars in 2023, up by 7% over 2022. But this growth is set to be the weakest since the 2009 recession
Lower sales and profits at Foot Locker
The US-based retailer has reported another fall in sales and profits in the third quarter of the year, deciding to further cut its guidance for 2023 against a backdrop of ongoing consumer uncertainty
Farfetch’s owner is reportedly considering taking the company private
The online luxury retailer’s Chief Executive Officer José Neves is reportedly in talks with top shareholders and JP Morgan advisers to delist the company-
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