United States
Foot Locker to open Power Store in NY
The footwear giant is expected to open its first Power Store in New York City in the Washington Heights neighborhood. After London, Liverpool, Hong Kong and Detroit, now it's the time for NY to have a Foot Locker Power Store
JCPenney with new executives
The Texas-based company announced the appointment of several senior executives to their team of retail experts
Michael O’Sullivan leaves Ross Stores
The California-based company announced that Michael O’Sullivan, the Company’s President and Chief Operating Officer since 2009, has resigned from the Company and its Board of Directors effective immediately to accept a position with another company
New sales record for Skechers
The California-based footwear giant announced financial results for the first quarter ended on the 31st of March, with record sales of 1.28 billion US dollars, an increase of 2.1% (5.2% constant currency basis)
Changes at J.Crew Group
The retail group initiated a review of ist strategic initiatives, including a potential IPO of Madewell. Michael J. Nicholson was named Interim Chief Executive Officer and Jack Weingart appointed to the Board of Directors
Manolo Blahnik ends relationship with American partner
George Malkemus, President of Manolo Blahnik USA, and Anthony Yurgaitis, Vice-President, announced the end of a long-standing partnership under the Manolo Blahnik brand
Jennifer Estabrook is Fila's new President for North America
Most recently serving as acting President of Fila North America, after Jon Epstein sudden disappearance, Jennifer Estabrook will take the reins of the Fila business in the region
JCPenney to close stores in 2019
The American department store chain announced plans to close 27 stores this year. The closures include 18 full-time department stores and 9 home and furniture shops
Roberto Cavalli closes stores in the US
The Italian fashion house has closed its US stores as it continues to seek for an investor to seal a deal that prevents bankruptcy
ABG acquires Volcom
Authentic Brands Group (ABG) announced the purchase of the intellectual property of Volcom from Kering SA. Through this acquisition, ABG diversifies its lifestyle pillar with the addition of America’s first brand dedicated to skate, surf and snow, and boosts the value of its portfolio
Shoe Carnival exceeds expectations
The Indiana-based company reported fourth quarter and fiscal year 2018 financial results, with record net sales and earnings exceeding company expectations
Deichmann acquires shoe chain KicksUSA
German shoe retailer Deichmann is investing in China and the US with several initiatives planned for 2019. The acquisition of shoe chain KicksUSA already took place
Nike reports strong growth
The Oregon-based sportswear giant reported financial results for its fiscal third quarter. Revenue increased by 7% totalling 9.6 billion US dollars (up by 11% on a currency-neutral basis)
Nine West emerges from Chapter 11 and renames business
The US-based retailer completed its financial and operational restructuring and emerged from Chapter 11 under the majority equity ownership of CVC Credit Partners and Brigade Capital. Nine West renamed to Premier Brands
Tom Ford will head the CFDA
The CFDA Board ratified Tom Ford as their Chairman. The award-winning fashion designer, film director, screenwriter, and film producer will succeed current Chairwoman Diane von Furstenberg effective from the 1st of June-
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