United States
Michelle Poole named President of Crocs
As President, Ms. Poole will assume responsibility for the Americas, Asia and EMEA regional commercial teams as well as continue to lead the Product Design and Management, Merchandising, and Marketing teams at Crocs
Crocs expects 10% revenue growth
The casual footwear brand known for its clogs, provided third quarter 2020 revenue outlook after having experienced exceptional consumer demand in the COVID-19 new reality
Designer Brands with 42.8% decline in net sales
The US-based footwear retailer formerly known as DSW reported double-digit decline in sales in the first semester as a result of the impact of the COVID-19 pandemic on the consumer behaviour and on the business ever-changing environment
Under Armour to lay off 600 employees globally
US-based sportswear maker said it will lay off about 600 employees from its global workforce, given the impact of the COVID-19 pandemic in its business
Shoe Carnival with record net sales
The US-based footwear retailer has reported record net sales of 300.8 million US dollars for the second quarter exceeding the previous record set in the third quarter of fiscal 2017 by 4.6%
Genesco: net sales down by 20%
Net sales for the second quarter of fiscal 2021 decreased by 20%, mainly driven by store closures, a later start to back-to-school, lower store comps and lower wholesale sales. This was partially offset by digital comparable growth of 144%
Caleres: net sales down by 33.4%
The US-based footwear company has registered a decline of 33.4% in net sales in the second quarter of the current fiscal year. Caleres expects the second half of 2020 to continue to be unpredictable
Timberland raises sustainability goals
Timberland’s products are now aimed to have a net positive impact on nature by 2030. To achieve it all products will be designed for circularity and made from natural materials sourced from regenerative agriculture
Foot Locker with increase in sales
Comparable store sales in the period increased by 18.6%. Given the meaningful increase in sales reported, the Board reinstated the quarterly dividend program
Payless plans its comeback
The US-based discount footwear chain Payless is planning to open between 300 to 500 standalone stores over the next five years. This follows the company turning up from bankruptcy protection in January after closing all its 2 100 stores in the US
Revenue down by 48% at VF
The company announced first quarter results marked by a decline of 48% in revenue. VF took the hit of the COVID-19 pandemic with stores closures at global level
Under Armour: revenue down by 41%
The Baltimore-based sportswear company has announced second quarter results. The impact of the diffusion of COVID-19 was clear on the closure of stores. Revenue was down by 41% in the period
Crocs revenue down by 7.6%
Revenue of the brand totalled 331.5 million US dollars in the second quarter, a decline of 7.6% from the similar period in 2019. Given the unprecedent times related to COVID-19 the company is not providing third quarter guidance
Tapestry reports full year results
The New-York based luxury group has reported fourth quarter results marked by a 52.79% decline in revenue. Declining revenues have impacted the three brands of the Tapestry's portfolio
Sales of shoe stores in the US down by 56%
According to data from the USA Census Bureau and the analysis of the WorldFootwear.com, growth of sales of the shoe stores in the US has been on the red since the beginning of year-
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