United States
Foot Locker lowers yearly guidance
In the first quarter of fiscal 2023, the US-based company saw its sales drop by 11.4% year-over-year due to the challenging macroeconomic backdrop, lowering its yearly guidance in result
Saucony's President steps down
Anne Cavassa, who joined Wolverine Worldwide as President of the Saucony brand in 2018, has left the company. Search for a successor is already underway
VF reports a revenue decline
The US-based company posted a decrease in revenue and profits in the last quarter of fiscal 2023, but stressed that it has already improved its performance in terms of supply challenges
Authentic Brands Group eyeing Hunter Boots
New York-based ABG, the owner of Reebok and Ted Baker, is one of the possible bidders for Hunter Boots, the Wellington boots specialists
Hands-free shoe brand Kizik opens its first store
The Utah-based manufacturer of hands-free footwear opens today its first-ever brick-and-mortar store near Salt Lake City at Fashion Place Mall, one of the state's premier shopping centres
Rocky Brands records a sharp decline in net sales
The Ohio-based footwear manufacturer reported a 33.9% decline in net sales in the first quarter of 2023 from the same period a year earlier due to excess inventory at many of its customers
Wolverine Worldwide reiterates full year outlook
The US-based company posted a first quarter revenue decline in 2023 of 2.5% year-over-year, but delivered earnings slightly above its expectations, thus reiterating its yearly guidance
Allbirds co-founder Tim Brown takes on a new role in the company
The co-founder and co-CEO of the Californian-based footwear brand has stepped down from his CEO role into Chief Innovation Officer. This move comes amid a round of lay-offs as losses mount
Steve Madden starts the year with a mixed performance
The US-based company, which reported a first quarter revenue decline of 17.1% in 2023, year-over-year, reiterated its full year outlook amid a challenging macroeconomic environment
Nordstrom appoints Cathy R. Smith as Chief Financial Officer
Smith joins Nordstrom from Bright Health Group where she has served as Chief Financial and Administrative Officer since 2020. The appointment is effective from the 29th of May onwards
Aldo Group signs licencing deal with Ted Baker
Authentic Brands Group (ABG) has signed a long-term licensing agreement with the Aldo Group for handling Ted Baker footwear, handbags and small leather goods business
Columbia Sportswear earnings decline
The US-based company reported a net sales increase of 8% in the first quarter of 2023, but a net income decrease of 31%, as compared to the same period of last year
Under Armour reports solid fourth quarter
The US-based company posted profits in the fourth quarter of fiscal 2023, on a comparable basis to the same period of fiscal 2022, and delivered full-year revenue and earnings in line with the previous outlook
Foot Locker names former Nike executive to lead WSS brand
The US-based retailer has appointed Blanca Gonzalez to the role of Senior Vice President and General Manager of its WSS banner, effective 15th of May
Skechers to acquire its Scandinavian distributor
The US-based footwear company announced that it has signed an agreement to purchase its existing Scandinavian distributor, Sports Connection Holding ApS-
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