United States
Forever 21 files for bankruptcy
The fast fashion retailer of clothing and accessories filed for Chapter 11 bankruptcy. Forever 21 plans to close most of its stores in Asia and Europe
Skechers announces 85% reduction of plastic in its footwear packaging
The US-based footwear brand announced that since 2016 the use of plastic in its footwear packaging was reduced by 85% to 10% of its foot forms, all of which is recyclable
VF updates long-term strategic growth plan
The Denver-based business provided an update to the company’s strategic growth plan and key initiatives to deliver long-term sustainable growth and value creation
Nike with new initiatives to tackle climate change
The sportswear giant has announced new initiatives of the Move to Zero program. Nike claims this translates their aggressive effort to combat climate change
Nike with another strong quarter
Revenue increased to 10.7 billion US dollars in the first quarter, up by 7% on a reported basis and up by 10% on a currency-neutral basis, driven by growth across all geographies
Farfetch sued for allegedly misleading shareholders
The online luxury fashion retail platform is at the centre of a multiple lawsuit over allegation of misleading shareholders in its Initial Public Offering (IPO)
Skechers returns to the London Fashion Week
Skechers returned to Mercedes-Benz London Fashion Week. Male and female models walked the runways in Skechers footwear from a selection of the global brand’s stylish collections
Shoe Carnival with new executive appointments
The Indiana-based company announced several executive appointments to support its ongoing customer-centric business transformation and to create a management structure aligned with the its long-term strategic plan
Genesco with flat sales
The Tennessee-based footwear group reported net sales flat at 487 million US dollars. Comparable sales increased by 3%
Merrell with new Global Brand President
Wolverine announced the appointment of Chris Hufnagel as Global Brand President of Merrell, the largest brand within its portfolio. A 10-year veteran of Wolverine, Hufnagel most recently served as Global Brand President of Cat Footwear
Tapestry with strategic alliance with Alibaba’s Tmall
The New York-based luxury house will be one of the first companies to collaborate with Tmall in adopting the recently unveiled Flagship Store 2.0, beginning later this month
Timberland to plant 50 million trees
The company launched “Nature Needs Heroes”, a campaign to empower global community to be champions for the planet. 50 million trees planned to be planted over the next 5 years
Fila North America with key leadership promotions
The North America business of the Fila brand appointed Danny Lieberman as Executive Vice President for Apparel and Gary Wakley as Executive Vice President for Footwear
NEW CEO for Tapestry
The New York-based luxury house has appointed Jide Zeitlin the new Chief Executive Officer. Mr. Zeitlin succeeds Victor Luis, who is leaving the company and its Board of Directors
Vans launches shoe customization contest
The company's first global shoe customization competition aims to enable creative expression worldwide. Grand prize totals 25 000 US dollars with the shoe design being produced and sold by Vans-
Footwear Consumer 2030
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