United States
Retail Flash: insights from key footwear markets
Explore the main retail trends in France, Germany, Japan, the Netherlands, the UK, the US and Spain from our Retail Flash reports, highlighting volatility in 2024 and mixed consumer and retailer sentiment. In particular, new tariffs on key trading partners could put pressure on US footwear prices, Germany’s online sector continues to expand and Japan faces rising inflation
Tapestry sells Stuart Weitzman to Caleres
The US-based luxury group has entered into a definitive agreement to sell Stuart Weitzman to Caleres, the group that owns Sam Edelman and Famous Footwear, for 105 million USD in cash
Capri Holdings promotes Philippa Newman to Chief Brand and Product Officer
Philippa Newman, who has been with Michael Kors for over 16 years, has been promoted to Chief Brand and Product Officer. In this expanded role, she will oversee all product and marketing functions
Wolverine Worldwide appoints its first Chief Strategy Officer
The US-based outdoor company has announced the appointment of Brett Parent as the first Chief Strategy Officer. He has been with Wolverine for nearly twenty years
Crocs ends 2024 on a positive note
The US-based footwear company has reported a strong full year performance and ended 2024 with a solid balance sheet. From a brand perspective, Heydude continues to fail to take off
Steve Madden to take over Kurt Geiger
The US-based company has entered into a definitive agreement to acquire the Kurt Geiger brand from Cinven for approximately 289 million British pounds (about 361 million USD)
Canadian shoe manufacturers prepare for US tariffs
The Canadian footwear industry is collaborating with the government to address US tariffs, while businesses accelerate shipments and secure materials to minimise the impact of possible rising costs. We spoke with Denis Falardeau from the Shoe Manufacturers Association of Canada
Capri Holdings reports another weak quarter
The owner of Michael Kors, Versace and Jimmy Choo has reported another disappointing quaterly performance, with third quarter revenue down by 11.6% or 11.4% on a constant currency basis on the same period of last year
Skechers posts strong full year results
The US-based footwear company has posted a strong performance for the fiscal year 2024, culminating in a strong holiday season, underpinned by growth in all regions
Strong second quarter for Tapestry
The US-based company has reported revenue growth in the second quarter, driven by Coach's performance, and increased profitability. As a result, it has again raised its full year guidance
Deckers maintains good momentum
The California-based company has reported another strong quarterly performance, driven by good results from Hoka and Ugg, and has raised its full year outlook as a result
Brian Costello appointed Chief Merchandising Officer of Famous Footwear
The US-based footwear company Caleres, owner of Famous Footwear, has appointed Brian Costello as the brand’s Chief Merchandising Officer. He brings nearly 30 years of experience to the role
US Retail: fuzzy outlook for the year 2025
While footwear sales are expected to have ended 2024 on a high note, overall retail sales were more subdued than in the previous year, suggesting that consumers were cautiously optimistic throughout the year. However, rising inflation in the final months of the year appears to have made them wary again and import figures suggesting that retailers will need to stock up again may be hard to come by, as the tariffs imposed by the Trump administration on goods from Mexico, Canada and China have caused some instability. While the outlook for 2025 is not negative, it is certainly not euphoric
US footwear industry voices concern over new tariffs from Trump administration
President Trump signed executive orders on Saturday to impose broad tariffs on products, including footwear, from the nation’s three largest trading partners, Canada, Mexico and China
VF Corp on track with its turnaround plan
The US-based footwear company has reported progress on its turnaround plan. Vans continues to improve quarter on quarter and the Americas region has returned to positive territory-
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