Companies
Saks Global secures court approval for bankruptcy restructuring
The US multi-brand luxury retailer has secured court approval for its restructuring plan. This positions Saks Global to emerge from Chapter 11 with almost 75% less debt and broad creditor support
Asics to spin off the Onitsuka Tiger brand
The Japan-based company has announced that it will spin off Onitsuka Tiger brand to accelerate decision-making. This follows strong growth driven by tourism and the rising global demand for retro sneakers
Nordstrom teams up with adidas for World Cup 2026
In order to celebrate the 2026 FIFA World Cup, Nordstrom and adidas have installed displays at 35 of the department store’s locations, including The Corner at its New York City flagship store
Designer Brands reiterates full-year outlook
The parent company of the DSW retail chain has reported a solid start to the year, with signs of stabilisation in the retail segment and increased profitability. Consequently, it has reaffirmed its full-year outlook
USA-Iran Conflict: Footwear Industry Prepares Strategic Shifts in Suppliers and Logistics Routes
According to the latest World Footwear Business Conditions Survey conducted in April 2026, the ongoing instability arising from the geopolitical tension between Iran and USA is forcing a significant majority of the industry to re-evaluate its operational strategies
Caleres delivers solid first quarter
The US-based footwear retailer has reported strong first-quarter results, driven by growth across its brand portfolio, including the recently acquired Stuart Weitzman
Kering appoints Gianfranco D’Attis as CEO of Alexander McQueen
The France-based luxury group has appointed Gianfranco D’Attis as Chief Executive Officer of Alexander McQueen. He was most recently CEO at Prada
Inditex reports strong start to fiscal 2026
The Spain-based fashion group, which owns labels such as Zara and Massimo Dutti, has reported a strong start to fiscal year 2026, with growth in sales and profitability
Genesco raises full-year outlook after better-than-expected first quarter
The US-based footwear retailer has raised its earnings outlook for the 2027 fiscal year following a stronger-than-expected first quarter and the seventh consecutive quarter of positive comparable sales
Riva del Garda Fierecongressi reshapes structure for growth
The organiser is restructuring operations alongside venue expansion plans, appointing new leaders and making internationalisation a permanent function to compete more effectively for events and buyers
Dick’s Sporting Goods posts strong first quarter
The US-based sporting goods retailer has reported strong first-quarter results, driven by growth in its core business and an improvement in Foot Locker’s performance
Authentic Brands Group Agrees to acquire Lee from Kontoor Brands
The New York-based management group has entered into a definitive agreement to acquire the Lee denim and workwear business from Kontoor Brands in a deal worth 1 billion US dollars
Rising Geopolitical Risks Drive Footwear Costs Higher
Rising geopolitical tensions are expected to impact the global footwear industry mainly through higher costs rather than an immediate decline in consumer demand, according to the latest World Footwear Business Conditions Survey
Capri Holdings returns to profitability despite annual revenue decline
Despite lower revenue, the US-based luxury group behind Michael Kors and Jimmy Choo has reported a return to profitability in fiscal 2026, reflecting gains from its strategic turnaround initiatives-
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