World Footwear

Companies

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

Former parent company of Reno also files for bankruptcy

May 15, 2023 / Germany
Unable to overcome the challenges posed by the COVID-19 pandemic and the energy crisis, the German HR group filed for insolvency, following the path of its previously-owned footwear retailer, Reno

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

Prada posts strong first quarter performance

May 12, 2023 / Italy
The Italian-based luxury group started 2023 with revenue growth of 22% in the first quarter, year-over-year, driven by the high desirability of both Prada and Miu Miu brands

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

JD Sports set to purchase Groupe Courir

May 11, 2023 / United Kingdom
The UK-based retailer announced that it plans to acquire the French Groupe Courir for an enterprise value of 520 million euros as part of the previously outlined growth strategy

Hugo Boss raises full year outlook

May 11, 2023 / Germany
The German-based fashion group has raised its forecast for the current financial year on the back of strong results recorded in the first quarter of 2023, in which its sales rose by 25% year-on-year

Alpargatas posts a decline in revenue and profits

May 10, 2023 / Brazil
The Brazilian owner of Havaianas announced that it is looking to increase efficiency after posting a decline in revenue and profits in the first quarter of 2023. The company's CEO has resigned

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

Yue Yuen to invest 276 million USD in a factory in India

May 5, 2023 / India
The Hong Kong-based group has entered into a memorandum of understanding with the government of the state of Tamil Nadu to build a manufacturing facility in India

Gap to cut about 1 800 jobs

May 5, 2023 / United States
The US-based apparel company will lay off about 1 800 jobs to streamline operations and cut costs, thus joining the list of US companies that have been downsizing over the past months

Primark posts strong first half

May 4, 2023 / United Kingdom
The fashion retailer, owned by Associated British Foods, reported that in the 24 weeks to March 2023, its revenue increased by 19%, as compared to the same period last year
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