World Footwear

United States

Steve Madden posts revenue growth

Nov 18, 2024 / United States
The US-based footwear, accessories and apparel designer has posted 13.0% year-over-year revenue growth in the third quarter, with a strong contribution from the newly acquired Almost Famous business

Tapestry and Capri Holdings call off merger plans

Nov 15, 2024 / United States
The two companies have agreed to call off their merger plans after a US court blocked the deal last October, ending their efforts to create a US luxury giant capable of competing with major European players

Allbirds reports third quarter sales drop and adjusts full year outlook

Nov 15, 2024 / United States
The US company has lowered its full year sales guidance due to a sharp decline in revenue in the third quarter. This also reflects the expected impact of store closures and international distribution transitions

Tapestry raises full year outlook

Nov 14, 2024 / United States
The US-based luxury group, which owns Coach, Kate Spade and Stuart Weitzman, has raised its guidance for the full year 2025, after reporting a better-than-expected first quarter performance

Capri Holdings falls sharply as hopes of Tapestry merger fade

Nov 14, 2024 / United States
The US-based luxury group has reported another weak quarterly performance amid weak global demand for luxury goods. Versace suffered the biggest fall, while Jimmy Choo returned to green

Vida Shoes acquires luxury shoe brand Aquatalia

Nov 14, 2024 / United States
Vida Shoes International, which owns brands such as Jambu, JBU, J Sport and Andre Assous, has acquired the made-in-Italy luxury shoe brand Aquatalia

Wolverine Worldwide revises fiscal 2024 guidance

Nov 13, 2024 / United States
The US-based company reported lower revenues and robust margins. While sales decreased by 7.4% year-over-year, gross margin increased by 450 basis points as a result of reduced supply chain costs

Under Armour reports revenue decline with improved profitability

Nov 12, 2024 / United States
The US-based sportswear company has increased its gross margin, although this was partially offset by lower revenues in all markets. Fiscal 2025 guidance has been positively revised

US holiday spending expected to reach new record this year

Nov 11, 2024 / United States
US consumers are expected to spend a record average of 902 USD per person on gifts, food, decorations and other seasonal items during the winter holidays, according to the National Retail Federation (NRF)

Nike appoints new Chief Diversity Equity and Inclusion Officer

Nov 7, 2024 / United States
The US-based sportswear company has appointed Kizmet Mills as its new Chief Diversity Equity and Inclusion (DEI) Officer. She is the fifth person to hold the role since 2020

Rocky Brands reports third quarter revenue decline

Nov 6, 2024 / United States
The US-based footwear company reported an 8.8% year-on-year decline in third quarter net sales. Improved retail revenue and gross margins partially offset wholesale shortfall

Brooks Running reaches 1 billion US dollars in revenue

Nov 5, 2024 / United States
The US-based running shoe brand reached 1 billion US dollars in sales for the first time in the third quarter, driven by growth in North America, Asia Pacific and European markets

Columbia posts mixed third quarter results with strong margins and sales decline

Nov 1, 2024 / United States
The US-based sportswear company reported a 5% decrease in revenue but improved its gross margin. Columbia also unveiled its new growth strategy, aimed at attracting younger and more active customers

Crocs posts slight revenue growth

Oct 31, 2024 / United States
The US footwear company has posted a slight revenue growth and increased gross margins for the third quarter, adjusting its fourth quarter and full year guidance. Heydude brand turnaround continues

Wolverine Worldwide appoints Susie Kuhn to lead Active Group

Oct 31, 2024 / United States
The US-based company has announced the appointment of industry veteran Susie Kuhn as President of its Active Group, which includes the Merrell, Saucony, and Chaco brands
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