Footwear
Mixed results posted by Prada
The first half of the year was impacted by tough trading conditions, especially in the first quarter but an improvement has been seen in the following months
Two Ten Footwear Foundation offers disaster relief in Louisiana & California
The US-based charitable foundation is giving support to members of the footwear industry requiring assistance after the floods and fires that hit the two states
Foot Locker sales over the 1.75 billion US dollars threshold
The New York-based specialty athletic retailer announced sales up by 5% in the second quarter, mainly driven by continued expansion and comparable-store sales growth
BFA: Brexit may represent a new start for Europe
Less than two months ago the UK voted in favour of leaving the European Union after 4 decades of a relationship that wasn’t always easy. We have spoken to the local footwear association to hear their views on the matter
adidas to open US-based factory
adidas announced it will open a new footwear production site in the Atlanta area in 2017. The new Speedfactory will allow adidas to “create product more quickly and closer to US consumers”
Frozen results at Steve Madden
Net sales increased by 0.6% totaling 325.4 million US dollars. Net income reached 24.7 million US dollars compared to 24.5 million US dollars in similar period in 2015
US footwear industry seeks classification clarification for athletic footwear
According to the FDRA, American footwear companies struggle to cope with inconsistent definitions and rulings
Sales up at Phoenix Footwear
Net sales for the second quarter increased by 4.5% totaling 4.2 million US dollars. Net loss for the period decreased by 112 000 US dollars
VF nominates new heads for Vans and Timberland
Footwear brand Vans, part of the VF Corporation, has named Doug Palladini as its President. Jim Pisani will be Global Brand President for Timberland, another brand from the VF portfolio
Flat revenues at Michael Kors
Strong results registered by the brand in revenue in North America allied to a consolidation of the global presence. A decline in the tourism flows and in traffic malls has offset the good results
Footwear arriving from Panama enters Colombia below the market price
That is what ACICAM, the Colombian Association of Footwear, Leather and Leather Goods argues as it states its major concern about the matter
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