United States
Financial head of Capri Holdings to join Macy’s
The US department store chain has shuffled its executive team to drive its Bold New Chapter strategy. In particular, Thomas J. Edwards will become chief operating officer and chief financial officer
Nike reports drop in revenue and profits in the third quarter
The US-based sportswear company has reported a drop in revenue and profits in the third quarter of the year, as it continues its turnaround strategy to improve long-term profitability
Capri Holdings announces CFO resignation and appoints interim successor
Thomas J. Edwards, Jr, currently Chief Financial Officer and Chief Operating Officer of Capri Holdings, has resigned. Rajal Mehta, Chief Financial Officer of Michael Kors, will assume the role on an interim basis
Global footwear trade in 2024: China exports slow, US and Germany rebound in imports
China remained the top footwear exporter in 2024, with exports increasing in volume but decreasing in value. Meanwhile, Vietnam and Indonesia consolidated their positions with double-digit export growth. On the import side, the US and Germany reversed their import declines in 2023, which suggests a resurgence in global demand
Shoe Carnival outlines growth strategy for Shoe Station banner
As it reported its fourth quarter and full year 2024 results, the US-based footwear retailer has unveiled a strategy to “rapidly scale up Shoe Station” into a national footwear retailer
Franklin R. Bracken to drive Lace Up Plan as President of Foot Locker
Franklin R. Bracken, Executive Vice President and Chief Commercial Officer of Foot Locker, has been appointed President, effective immediately. He will be responsible for driving the Lace Up Plan
Caleres reports fourth quarter and full year sales decline
As it continues to invest in initiatives to support long-term growth, the US-based company has reported an 8.3% year-on-year decline in net sales in the fourth quarter and a 3.4% year-on-year decline in full year net sales
Designer Brands returns to comparable sales growth in the fourth quarter
The US-based company highlighted a return to comparable sales growth in the fourth quarter of fiscal 2024 as a sign of the success of its strategic initiatives. Despite short-term pressures, the company is optimistic about 2025
Schuh cuts jobs as part of wider restructuring
Following a voluntary redundancy process launched by the company in January, the footwear retailer has cut 39 head office and store jobs. This is part of a wider restructuring strategy
Donatella Versace leaves the creative helm at Versace
Dario Vitale will be the new creative director of Versace from the 1st of April, the parent company Capri Holdings has announced. Donatella Versace has been appointed Chief Brand Ambassador
Concerns over tariffs weigh on US retail spending
Despite growing year-over-year, US retail spending fell on a monthly basis in February amid concerns over tariffs, according to the CNBC/NRF Retail Monitor
Genesco ends the financial year 2025 with a positive set of signs
The US-based footwear retailer has reported a solid fourth quarter, with improvements in sales and profitability. Genesco also highlighted the continued turnaround of the Journeys brand
Matt Priest (FDRA) on Trump administration’s tariff policy: all of this has created a lot of uncertainty in our market
We bring you an interview with Matt Priest, CEO & President of the Footwear Distributors and Retailers of America (FDRA). The impact of the tariffs imposed on Mexico, Canada and China on US retailers, consumers and the country's economy dominated the conversation
Macy’s reports fourth quarter and fiscal 2024 results
The US-based department store chain has reported its fourth quarter and full year results, highlighting the success of its Bold New Chapter strategy in customer experience.
Foot Locker makes profit in the fourth quarter despite lower sales
The US-based sports retailer returned to profit in the fourth quarter of 2024. However, the company’s total sales still fell by 5.8% as compared to the same period of the previous year-
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