World Footwear

United States

Foot Locker lowers yearly guidance

May 26, 2023 / United States
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

May 26, 2023 / United States
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

May 24, 2023 / United States
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

May 23, 2023 / United States
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

May 19, 2023 / United States
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

May 19, 2023 / United States
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

May 18, 2023 / United States
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

May 17, 2023 / United States
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

May 15, 2023 / United States
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

May 15, 2023 / United States
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

May 12, 2023 / United States
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

May 12, 2023 / United States
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

May 11, 2023 / United States
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

May 10, 2023 / United States
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

May 9, 2023 / United States
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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