United States
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
Crocs offers Jibbitz customisation with AI-powered design platform
The US-based casual footwear company has partnered with the AI-powered fashion design platform Ablo to allow consumers to create one-of-a-kind Jibbitz charms
Steve Madden ends 2024 on a strong note
Steve Madden ended the year 2024 with strong revenue growth. Despite the cautious near-term outlook, the company is optimistic for 2025 and expects the pending acquisition of Kurt Geiger to be another growth driver
Saks Global to cut around 5% of its US corporate staff
Saks Global is laying off about 5% of its US workforce, Bloomberg reported, as the department store continues to integrate its recent acquisition of Neiman Marcus
Under Armour hires former Estée Lauder executive to lead its AI and analytics efforts
The sportswear company has appointed Liz Bacelar, the former executive director of global tech innovation at Estee Lauder, to lead its new artificial intelligence and advanced analytics division
Shein seeks to reassure investors amid US policy changes
The China-based fast fashion giant has reported that it is experiencing strong growth. The reassurance came after US President Donald Trump first announced the end of the minimis rule
Rocky Brands reports solid fourth quarter
The US-based footwear manufacturer has reported a solid fourth quarter in 2024, resulting in a minor drop in net sales for the full year. Overall, Rocky Brands is optimistic about near-term prospects
Caleres partners up with Favorite Daughter
The US-based footwear company has signed an exclusive licensing agreement to launch the first line of Favorite Daughter shoes, starting with the Fall 2025 season
Wolverine Worldwide inflects to growth
The US-based outdoor company has reported better-than-expected fourth quarter and full year results, as a result of a successfully implemented turnaround strategy
Details of reciprocal tariff review closely watched by AAFA
The American Apparel & Footwear Association (AAFA) is closely monitoring the reciprocal tariff review announced by the Trump administration. Initial reports are due by the 1st of April
Authentic announces new partnerships to help grow Reebok
The New York-based management company has partnered with Galaxy Universal and Batra Group to accelerate growth for Reebok in the US, Europe and the UK
Retail Flash: insights from key footwear markets
Explore the main retail trends in France, Germany, Japan, the Netherlands, the UK, the US and Spain from our Retail Flash reports, highlighting volatility in 2024 and mixed consumer and retailer sentiment. In particular, new tariffs on key trading partners could put pressure on US footwear prices, Germany’s online sector continues to expand and Japan faces rising inflation
Tapestry sells Stuart Weitzman to Caleres
The US-based luxury group has entered into a definitive agreement to sell Stuart Weitzman to Caleres, the group that owns Sam Edelman and Famous Footwear, for 105 million USD in cash
Capri Holdings promotes Philippa Newman to Chief Brand and Product Officer
Philippa Newman, who has been with Michael Kors for over 16 years, has been promoted to Chief Brand and Product Officer. In this expanded role, she will oversee all product and marketing functions
Wolverine Worldwide appoints its first Chief Strategy Officer
The US-based outdoor company has announced the appointment of Brett Parent as the first Chief Strategy Officer. He has been with Wolverine for nearly twenty years-
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