On’s Revenues Surge 92 Percent In Fourth Quarter
On Holding AG significantly decreased its loss in the fourth quarter ended December 31 as sales vaulted 91.9 percent. For the current year, the Swiss...
22 March, 2023
Industry News
Contact Andy Polk at 202-737-5660 for any media or research requests. FDRA has data and insights on issues such as shoe sales, sourcing, sustainability, design development as well as trade and tariff impacts on consumers.
Footwear Industry News Feed
Foot Locker’s Shares Rise On Upgrades Following Investor Day
Shares of Foot Locker rose 7 percent on Tuesday as analysts at Citi and Evercore upgraded the stock following the retailer’s Investor Day on Monday....
22 March, 2023
Nike, Inc. Posts Double-Digit Growth Across Regions In Fiscal Q2 As EPS Beats Outlook
Nike, Inc. reported fiscal 2023 third quarter reported revenues were $12.4 billion, up 14 percent compared to the prior year and up 19 percent on...
22 March, 2023
Wolverine Worldwide Announces New Board Chairman And Directors
Wolverine World Wide, Inc. reported today that its Chairman and retired CEO, Blake Krueger, will retire from the Board on May 4. Tom Long, the...
20 March, 2023
OrthoLite And Novamont Create Circular Foam Material Solution For Use In Footwear
OrthoLite, the manufacturer of sustainable, performance and comfort insoles and footwear materials solutions, and Novamont, responsible for developing, producing, and eco-design of biodegradable and compostable...
15 March, 2023
Report: New Brand Resale Index Recognizes REI, Arc’Teryx And On As Top Brands
Trove released its inaugural Brand Resale Index: Defining the Resale Experience. The Index evaluates leading practice adoptions across 40 brands in four industry verticals: fashion/apparel,...
15 March, 2023
Puma Opens Running Testing Facility
Puma opened the Puma Nitro Lab, an athlete testing facility developed in partnership with Hartmann Orthopedics & Sports. Based at Hartmann’s facility near Frankfurt, Germany,...
15 March, 2023
Foot Locker Expands FLX Rewards Program To Canada
Foot Locker, Inc. is expanding its FLX Rewards program to Canada. The free membership program was initially launched in the U.S. in March 2020. FLX Rewards...
09 March, 2023
New Adidas CEO Discusses Turnaround Strategy
On his first quarterly analyst call, Bjørn Gulden, Adidas’ new CEO, said the company plans to focus on culture, wholesale service levels, local go-to-market approaches,...
09 March, 2023
Adidas Extends Deal With Union Berlin Until 2030
Union Berlin extended its kit deal with Adidas prematurely with the new deal expiring in 2030. The original date expired in 2025. Union president Dirk Zingler said,...
06 March, 2023
Is The Supply Chain Crisis Over?
SGB Executive reached out to industry executives to get their perspectives on the supply chain’s ongoing recovery efforts. Responses surveyed from Case And Zippo, Cascade Designs,...
01 March, 2023
Puma Posts Record Results, Provides Subdued Outlook For 2023
Puma reported record sales and earnings before interest and taxes in 2022 but warned that profits would likely fall as high-interest rates and inflation weigh...
01 March, 2023
Report: Foot Locker In Discussions On India Entry
Indian multi-brand footwear company, Metro Brands, is talking with Foot Locker to bring the U.S. brand into India. According to ET Now, Foot Locker is reportedly in...
27 February, 2023
Report: Pou Chen To Cut 6,000 Jobs In Vietnam
Taiwan’s Pou Chen Corp., which makes footwear for Nike, Adidas and other athletic footwear companies, plans to cut around 6,000 jobs at its Ho Chi...
23 February, 2023
Foot Locker Names Interim CFO
Foot Locker, in a regulatory filing, stated that Robert Higginbotham had been appointed interim chief financial officer, effective March 1, in addition to his current...
23 February, 2023