Aldo Group nixes Camuto Group acquisition
Aldo Group has decided not to go ahead with the purchase of American shoe company Camuto Group. This decision comes almost three months after the Canadian shoe company announced its desire to acquire Camuto Group’s footwear and accessories business for an undisclosed sum. (Read More)
Skechers achieves new quarterly sales record
Skechers reached a new quarterly sales record in the third quarter of $1.095 billion. The company surpassed its previous record in the first quarter earlier this year by $22 million. (Read More)
Flip Flop Shops to open 30-plus retail locations in India
The company announced a master franchise agreement with Open Spirit Enterprises, owned jointly by the Solar Group and Elite Group, to establish and develop more than 30 retail locations and an e-commerce presence throughout India. (Read More)
Puma sees sales increase across the board in third quarter
Puma released its full third quarter results, showing increases across the board, resulting in the company raising its guidance for the third straight quarter. (Read More)
OrthoLite hires Nike vet for head of sales
OrthoLite, a leading provider of comfort and performance insoles, announces the hire of former Nike senior product training specialist Larry O’Brien as its new key account sales manager. (Read More)
Asics is developing custom microwave soles
Asics has partnered with Taiwan-based Tayin Research & Development Co., Ltd., to develop a microwave technique to speed up the time it takes to make a pair of athletic soles. (Read More)
Oasis: Relaxed styles for Spring ’18
From sorbet hues and palm prints, to effortless silhouettes, fashion footwear brands share a relaxed, Palm Springs-inspired story for Spring ’18. (Read More)