World Footwear

News

Lower sales volumes impact Alpargatas’ full year revenue

Feb 20, 2024 / Brazil
The parent company of Havaianas and Rothy’s posted a decline in revenue and profits in 2023, mainly driven by lower volumes sold in both domestic and international markets

Pressure on the cost of materials continues to rank as the main difficulty for the business

In the latest edition of the World Footwear Business Conditions Survey, 46% of the surveyed experts listed the cost of merchandise and raw materials as the number one difficulty for footwear businesses in the next six months

New Generation: meet Guilherme Teles Baptista

Feb 19, 2024 / Portugal
Get The Balance is a Portuguese brand of sustainable sneakers with avant-garde design that has just been launched. Find out more about this journey from the man responsible, Guilherme Teles Batista

Farfetch CEO José Neves steps down

Feb 19, 2024 / United Kingdom
Following Farfetch’s acquisition by South Korea’s Coupang in December, José Neves, who founded the luxury e-commerce platform in 2008, is stepping down from the CEO role

A strong year 2023 for Crocs

Feb 16, 2024 / United States
The US-based casual footwear brand delivered a strong performance in 2023, with revenue and diluted earnings per share up by 11.5% and 46.8%, respectively, as compared to the prior year

H&M plans up to 588 job cuts in Spain

Feb 16, 2024 / Sweden
The Sweden-based retailer plans to close a fifth of its stores and lay off up to 588 employees in Spain. H&M currently operates 133 stores in the country and employs nearly 4 000 people

CICB Sustainability Forum programme already available

Feb 16, 2024 / Brazil
The CICB Sustainability Forum 2024 will be held on the 13th of March during the Brazilian trade fair Fimec and will focus on the topic Links for Traceability. Find out more about the speakers

Shoe Carnival Acquires Rogan’s Shoes

Feb 15, 2024 / United States
The US-based retailer has announced the acquisition of the 53-year-old footwear company Rogan’s Shoes for 45 million US dollars. It has also released preliminary results for its fiscal 2023

Milan’s trade fairs are just around the corner

Feb 15, 2024 / Italy
Nearly 3 000 brands will be present from the 18th to the 22nd of February at MICAM, Mipel, TheOneMilano, Milano Fashion&Jewels and Lineapelle, taking place under the motto #GREATIFY

Puma names new head of global brand strategy

Feb 15, 2024 / Germany
The German-based company has named Julie Legrand as Senior Director of Global Brand Strategy. She has been tasked with the definition and execution of Puma’s strategy to increase brand awareness

Importance of digital retail channels will continue to increase, survey reveals

In the latest edition of the World Footwear Business Conditions Survey, half the experts surveyed said they believe digital retail channels will increase their share in footwear sales in the next three years

Hermès posts full year revenue growth

Feb 14, 2024 / France
The French-based luxury group reported “an outstanding performance” across all regions in 2023, with total revenue up by 21% year-on-year at constant exchange rates to 13.42 billion euros

Deckers appoints Robin Green as President of Hoka

Feb 14, 2024 / United States
The California-based company has appointed Robin Green to the role of President of the Hoka brand. She most recently served as global vice president of Men’s Running and Fitness at Nike

Portuguese footwear industry to invest 600 million euros

Feb 13, 2024 / Portugal
The Portuguese footwear industry will invest 600 million euros by the end of the decade in innovation, sustainability, management and worker skills, and internationalisation as part of its strategic plan

Capri’s performance hit by weak consumer demand

Feb 13, 2024 / United Kingdom
The parent company of Versace, Michael Kors and Jimmy Choo continued its downward trend in the third quarter of fiscal 2024, mainly due to slower consumer demand in the Americas region
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