United States
Axel Arigato opens New York flagship store, marking its US debut
Celebrating its 10th anniversary, the Swedish footwear brand Axel Arigato opened its first US store in New York, bringing Scandinavian minimalism and signature designs to the SoHo neighbourhood
Nike reports weak first quarter ahead of CEO change
The US-based sportswear giant has reported a sharp fall in revenue and profits in the first quarter of its current fiscal year, ahead of the forthcoming CEO change
Authentic closes Champion acquisition deal
Authentic Brands Group (ABG) has announced that it has completed the acquisition of the athleticwear brand Champion, the second-largest acquisition in the company’s history
AAFA urges US President Biden to prevent potential strikes at the East and Gulf Coast ports
The AAFA is urging the US administration to intervene and prevent strikes at East and Gulf Coast ports. These ports accounted for 53% of all US apparel, footwear and accessories imports in 2023
US retail sales continue to increase despite slower employment growth
According to the CNBC/NRF Retail Monitor, August retail data showed steady growth, with total sales up by 2.11% year-on-year, led by solid performances in the online, clothing, and health sectors, even as job growth slowed
Crocs launches clog made with 25% recycled content from old shoes
Crocs continues to invest in circularity. Most recently, the company launched its Keep It Going Classic clog, which is made from 25% recycled material from old shoes collected through its take-back programme
Nike veteran Elliot Hill succeeds John Donahoe at the company’s helm
Amid a broader restructuring, the US sportswear giant has announced that CEO John Donahoe is stepping down from his position and will be succeeded by former senior executive Elliot Hill
Skechers files patent infringement lawsuit against Rockport
The US-based company is accusing Rockport, as well as its parent company Authentic Brands Group and its licensee Marc Fisher, of allegedly making and selling shoes that infringe on its patented slip-in technology
US: shoe prices decline for the first time in a year in August
According to the latest data from the Footwear Distributors and Retailers of America (FDRA), US footwear prices fell in August for the first time in a year, in line with the general inflation trend
Caleres reports lower net sales amid operational challenges
The US-based group maintained a strong gross margin of 45.5%, driven by the Brand Portfolio segment, as reporting challenges and weak seasonal demand affected the company’s guidance
Designer Brands posts decline in sales and gross profit in the second quarter
The US-based company faces a challenging environment with shrinking gross margins and rising debt. As net sales fell in the second quarter, Designer Brands reported a weaker outlook for 2024
American Exchange Group appoints Jimmy Gabriel to lead Aerosoles
The US-based group has appointed Jimmy Gabriel to the newly created role of President and Chief Brand Officer of Aerosoles. Branding and restructuring of all retail channels are his first priorities
Genesco exceeds expectations and slightly raises its full year forecast
Journeys boosts Genesco’s sales in the second quarter of fiscal 2025, as the company navigates store closures and cost-saving measures
Tapestry said to be close to selling Stuart Weitzman
As it defends its 8.5 billion USD acquisition of Capri Holdings in court, several sources have come forward to say that Tapestry is close to selling the luxury shoe brand Stuart Weitzman-
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