United States
VF with revenue growth in strong momentum
Full year fiscal 2019 revenue from continuing operations increased by 12% to 13.8 billion US dollars; excluding acquisitions net of divestitures, revenue increased by 7%
Shoe Carnival posts decline in sales
The Indiana-based retailer announced first quarter results and confirmed the difficult start of the year. February was a bad month, but Easter represented a positive change in sales
200 shoe companies send Mr Trump a letter
US-based footwear companies have signed a letter urging President Donald Trump to remove footwear from his latest tranche of tariffs to be applied to Chinese-made products
Rocky Brands with 18% increase in retail sales
The Ohio-based footwear and apparel company has reported a good start into 2019, with a 7.4% increase in net sales. Two digits growth was registered for retail sales
Nordstrom reports decline in profits
In the first quarter of the year, the company's net sales decreased by 3.5%. From similar period in 2018, net earnings declined from 87 million US dollars to 37 million US dollars
Burlington Stores announces succession plan
The New-Jersey based off-price department store retailer announced a series of managerial changes as part of their succession plan
Ferragamo returns to growth
The Italian luxury house seems to be on its way to recovey, as it posted increasing revenue and net profit for the first quarter of the current fiscal year
Under Armour consolidates growth
The US-based footwear, sports, and casual apparel brand announced financial results for the first quarter ended on the 31st of March. Period was marked by 2% growth in revenue
Skechers appoints Katherine J. Blair to Board of Directors
The US-based giant has named Katherine J. Blair to its Board of Directors as an independent member. The appointment brings the total number of directors to ten, including six independent members
Kohl’s expands network of Amazon returns
Amazon customers will now have free, easy returns in all Kohl’s stores. The new functionality will be rolled out to all network of Kohl's locations this summer
FDRA 75th Anniversary Party
The Footwear Distributors and Retailers of America and the NY trade show have come together to celebrate FDRA’s 75th Anniversary and FFANY’s 40th
China’s Green Harbor acquires Jason Wu
Chinese private equity firm Green Harbor Investment has bought a majority stake in the parent company of New York’s Jason Wu. The American fashion brand is aiming at the booming Chinese luxury market
Wolverine reaffirms full-year outlook
The Michigan-based footwear giant reported financial results for the first quarter of the year (ended on the 30th of March). Wolverine also provided an update on its key 2019 investments and full-year 2019 outlook
The new chapter of the US-China trade war
President Trump announced and applied increases on the China tariff rates on List 3 (200 billion US dollars in Chinese-made goods) from 10% to 25%. Remaining goods, including footwear, could be hit with tariffs shortly as a new list was announced
Where do shoes come from?
The recent developments on the trade war US-China made us look into the trade relations of both countries in terms of footwear and curious conclusions about consumption in each of the markets arose. Check them here-
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