World Footwear

News

Tapestry raises full year earnings guidance

Feb 12, 2024 / United States
The owner of Coach, Kate Spade and Stuart Weitzman has raised its earnings guidance for fiscal 2024 after posting better-than-expected revenue and profit growth in the second quarter

Indian leather and footwear industry to reach 47.1 billion USD by 2030

Feb 12, 2024 / India
India’s leather and footwear industry turnover is expected to grow significantly from around 17.3 billion today to 47.1 billion USD by 2030, according to a strategic document for the sector

Physical and Chemical Tests: What tests should a footwear brand perform on their products?

Just released! A new paper dedicated to testing in the footwear industry. Learn all about testing and understand what physical and chemical tests are, and which ones are relevant for your products and why

Trade associations from around the world call on countries to defend maritime safety

Feb 9, 2024 / World
In response to the recent attacks in the Red Sea, more than 100 trade associations are calling on countries to join, support or align with the mission of Operation Prosperity Guardian, an initiative that stands for maritime safety

Bangladesh Central Bank lowers export incentives

Feb 9, 2024 / Bangladesh
Bangladesh has announced cuts to export incentives in almost all sectors as the country prepares to exit Least Developed Country status in 2026. The leather industry is one of the hardest hit

Another disappointing quarter for VF Corp

Feb 8, 2024 / United States
The parent company of Vans and The North Face posted a 16% year-over-year decline in revenue in the third quarter of fiscal 2024, largely due to a “shift in the timing of wholesale deliveries”

UK retail sales growth slow in January amid weak demand

Feb 8, 2024 / United Kingdom
UK retail sales slowed in January, rising by just 1.2%, against a growth of 4.2% in January 2023, the British Retail Consortium said, warning that the high cost of living is entering its third year

Kering’s revenue declines after trying 2023

Feb 8, 2024 / France
The French-based luxury group has reported a 4% year-on-year decline in revenue in 2023, driven by weak performances of all its main Houses. Fourth quarter also disappointed

Footwear retail prices expected to increase

In the latest edition of the World Footwear Business Conditions Survey, panel members revealed their expectations regarding future increases in footwear retail prices. A sentiment influenced by the high inflation recently experienced

Columbia Sportswear warns of a challenging year ahead

Feb 7, 2024 / United States
The US-based company posted a year-on-year drop in profits in 2023, as well as a weak fourth quarter. It also warns of a challenging 2024, as economic and geopolitical uncertainty remains high

Geox growth slows in 2023

Feb 7, 2024 / Italy
The Italian-based footwear group has seen its growth slow from previous years due to a complex macroeconomic environment and unusual weather events in May and September

European Union adopts new rules against greenwashing

Feb 6, 2024 / European Union
By 593 votes to 21, the European Parliament approved a new directive to eliminate unverified environmental claims and empower consumers to make sustainable purchasing choices

Deckers reports record quarterly revenue and earnings

Feb 6, 2024 / United States
The US-based footwear company has reported “record” third quarter revenue and earnings, driven by an “exceptional performance” from both the Hoka and Ugg brands

Deckers Brands CEO to retire in August

Feb 6, 2024 / United States
As the US-based company reported another strong quarter, it announced that Dave Power has decided to retire as President and Chief Executive Officer, effective from the 1st of August 2024
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