News
Uniqlo's parent company posts revenue growth
The Japanese-based company posted a 21.4% increase in revenue from September 2022 to May 2023, as compared to the same period of last year, highlighting the performance of Uniqlo abroad in the third quarter
Authentic Brands appoints new Chief Financial Officer
The New York-based brand management company has announced the appointment of Kevin Willis as Chief Financial Officer (CFO)
Global footwear consumption to increase in 2023
In this edition of the Business Conditions survey, we asked our panel of experts about their expectations about footwear consumption in 2023. Read the main conclusions here
Mango invests in virtual avatar creation start-up
The Spanish-based fashion retailer has announced that it is investing in Union Avatars, a digital identity platform that enables the development of avatars in different styles
Gucci CEO Marco Bizzarri to step down
Kering has announced the impending departure of Gucci's CEO as part of a wider executive shakeup that includes the naming of Saint Laurent CEO Francesca Bellettini to lead the group's portfolio of brands
JD Sports expands to the Middle East with new franchising deal
The UK-based sportswear retailer has signed a 10-year franchise agreement with the Dubai-based brand management company GMG that will allow it to expand into the Middle East
Dr Martens to focus on the Americas region
The British footwear brand reported that its first quarter trading was in line with its previous guidance, but emphasised the need to focus on the Americas region, which saw its revenue decline year-over-year
Canada Goose introduces its first sneaker line
The Canadian-based luxury outwear brand is expanding its footwear offering with the launch of the Glacier Trail sneaker in both high and low-top silhouettes. It arrives in stores today
Japan Retail: mixed signs cast a shadow over a clear outlook for the rest of the year
The growth rate of footwear consumer prices has largely outpaced that of the overall prices. This is not a good sign for the footwear sector, as discretionary items are always the first to be discarded by consumers, but it is not all bad news. The truth is consumer confidence has rebound at the start of the year, private consumption has shown some resilience and the return of tourists is a welcoming sign. Perhaps most surprising is the fact that the volume of imports has not been affected by the weakening of the yen. It remains to be seen how the outlook will unfold
Online Business Marketing Tools gain Importance after COVID-19
In this edition of the Business Conditions survey, we asked our panel of experts to evaluate the importance of different business-to-business marketing tools for footwear businesses compared to the pre-pandemic period
Mariano Shoes launches wedding collection
The Portuguese luxury shoe brand launched the Wedding Collection, composed of models that aim to provide the bride and groom with all the elegance and comfort for their special day
Puma commits to sourcing leather from deforestation-free supply chains by 2030
The Germany-based company has signed the Deforestation-Free Call to Action for Leather, thereby committing to source bovine leather from deforestation-free supply chains by 2030 or earlier
Burberry delivers a strong first quarter
The luxury group posted an 18% growth in comparable store sales in the first quarter of fiscal 2024, as compared to the same period of last year, driven by the ongoing recovery in Mainland China
Tod's Creative Director to step down
The Italian-based luxury group has announced that Walter Chiapponi is stepping down from his role as Creative Director by mutual agreement. Search for a successor is now underway
Wave of layoffs continues in Vietnam
An estimated 217 800 people have lost their jobs in Vietnam in the second quarter of 2023 due to the significant decline in orders since the end of 2022, says the General Statistics Office (GSO)
Stella Holdings posts a slight improvement in the second quarter
The Hong Kong-based footwear manufacturer posted a slower decline in its consolidated revenue and shipment volume in the second quarter of the year, as compared to the previous quarter
Brooks Running enters the resale market
The Seattle-based company has announced the launch of the resale programme ReStart, which will enable the refurbishment and reselling of used Brooks footwear in the US
Clarks names new Managing Director for the UK and Ireland
The British footwear label has announced that Under Armour's former Vice President of retail Bob Neville will serve as its new Managing Director for the UK and Republic of Ireland
Italian footwear exports grow in value but decline in volume
In the first quarter of 2023, Italian footwear exports increased by 16.1% in value, but declined by 2% in volume, as compared to the same period of 2022, says Assocalzaturifici
Global alliance calls for the digital modernisation of labelling requirements
A coalition of 130 organizations representing the fashion industry from around the world is pushing for the modernisation of labelling requirements to enable a reduction in waste and greater consumer access to information
Media Partners
Media Partners
-
Shoe Intelligence
Fotoshoe
Shoes Report
ARS ARPEL