Highlights
Germany Retail: dark clouds are hanging again over the footwear sector
The positive signs on the horizon for the footwear retail sector reported in the previous Flash were short-lived. Sales in the first half of the year were not what retailers had hoped for, and the continued stabilisation of shoe prices shows no signs of turning the situation around. Against a negative macroeconomic backdrop, consumer confidence has been downward, and retailers face many challenges, including business closures and labour market instability. Footwear imports have started to fall, pointing to a possible crisis in the sector
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Ferragamo continues to struggle amid decreasing consumer confidence
The Italian luxury group reported a third quarter revenue drop of 7.2% year-on-year due to weak demand in the Asia Pacific region and declining wholesale sales, despite gains in Japan and Latin America
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LVMH reports drop in third quarter revenue
Sandra Harris joins Genesco as new Chief Financial Officer
FDRA launches new tool to enhance supply chain mapping for footwear brands
Authentic and Saks Global to form a strategic venture
Quality is a big draw for second-hand buyers
Kayak Storm and its focus on sustainability
Kurt Geiger set for potential sale
Uniqlo parent company reports strong full year
Abicalçados launches campaign against growing footwear piracy in Brazil
Kizik secures distribution in Japan and Canada
International sales soar at SportsShoes.com
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US holiday retail sales expected to rise up to 3.3% in 2024
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Shoes Düsseldorf 2025 announces new early dates
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Mytheresa acquires Yoox Net-a-Porter from Richemont
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Kering promotes Stefano Cantino to CEO of Gucci
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Authentic Brands Group appoints Josh Perlman as Executive Vice-President to lead Greater China expansion
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Bolflex receives patent for its vulcanization process
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Axel Arigato opens New York flagship store, marking its US debut
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Asos to cut 200 head office jobs in major restructuring
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Spain Retail: the future looks brighter for retail
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European leather industry presents evidence against the inclusion of leather in the EUDR
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ISPO Munich teams up with Copenhagen International Fashion Fair
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Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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