United States
Caleres lowers its outlook for the full year once again
The US-based footwear company has announced a further cut in its full year sales and earnings outlook, after recording lower-than-expected sales in mid-December and January
US footwear industry helps LA fire victims
Deckers Brands, Skechers, Merrell, APL, Two Ten Footwear Foundation and Soles4Souls are among the companies and organisations coming together to help the victims of the LA fires
Authentic Brands Group names new President
The US-based management brand company has named former Wynn Resorts CEO Matt Madox as President. He succeeds Nick Woodhouse, who will assume the role of Executive Vice Chairman
Macy’s to close 66 stores as part of turnaround strategy
The US department store chain has confirmed the closure of 66 stores as part of its Bold New Chapter strategy, which aims to return the company to sustainable, profitable sales growth
Wolverine Worldwide announces partnership to grow Cat Footwear in the UK
The US-based company has partnered with the British footwear distributor Chapters Brand Group to grow the Cat Footwear brand in the UK. Wolverine is the global footwear licensee for the brand
Under Armour appoints SVP of global brand and Americas marketing
The US-based sportswear company has appointed Tyler Rutstein, who has previously worked at adidas and Overtime, as its senior vice president of global brand and Americas marketing
US holiday retail sales up by 3.8% as consumers prioritised value
US retail sales rose by 3.8% year-over-year from November to Christmas, according to Mastercard Spending Pulse, as consumers prioritised getting the best deal and digital-first shopping
Skechers settles design patent case against L.L. Bean
Skechers and L.L. Bean have settled a lawsuit alleging the latter’s "Freeport" shoes infringed patented heel cup designs, with a court order barring further sales, imports and manufacturing
Saks completes the acquisition of Neiman Marcus
For a total enterprise value of 2.7 billion USD, the luxury retail and real estate company Saks Global now includes Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks OFF 5TH
Nike reports revenue decline amid strategic repositioning
The US-based sportswear company reported revenue and net income decline in the second quarter. CEO Elliot Hill shared ambitions to refocus on sports to drive long-term growth and shareholder value
Shoes For Crews appoints new CEO
The Florida-based manufacturer of slip-resistant safety footwear has announced that Chris Quinn will assume the role of Chief Executive Officer beginning on the 1st of January 2025
Macy's concludes internal investigation and reports results
The US-based company delayed the announcement of its third quarter results due to deliberate accounting errors. Macy's assured stakeholders of limited financial impact and declared stricter controls
Shoe Carnival strengthens returns to shareholders
The US footwear retailer announced a quarterly dividend and a new stock repurchase program, leveraging cash reserves to support stock performance and corporate initiatives
Under Armour unveils four-pillar growth strategy
The Baltimore-based company has outlined a four-pillar growth strategy focused on product, story, service and team to realise its long term potential. The outlook for the current fiscal year remains unchanged
Cirql unveils new biodegradable midsole solution
OrthoLite subsidiary Cirql launched Cirql Zero, a midsole that meets compostability standards, providing an alternative to traditional materials with wide manufacturing adaptability-
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