News
Next reportedly in talks to sell Reiss
The UK-based fashion retailer is reportedly considering selling its 51% stake in Reiss, in a deal that would value the British fashion brand at more than 500 million British pounds
Keen footwear lowers its prices
The Oregon-based footwear company is lowering its prices to give some relief to consumers in this inflationary environment
VF Corp opens new distribution centre in California
The US-based footwear group has announced the start of operations at its new distribution centre in Ontario, California. During peak periods, it will employ around 550 people
Malone Souliers names two new creative directors
The London-based footwear brand has appointed two of its long-time team members, Coco Fong and Valerio Brava, as its new co-creative directors
Golden Goose delivers revenue growth
The luxury sneakers brand saw its revenue grow by 20% in the first quarter of the year, as compared to the same period of 2022, due to “continued investment in and expansion of the retail channel”
Pakistan: footwear exports grow while leather exports decline
According to the Pakistan Bureau of Statistics (PBS), Pakistani footwear exports grew consistently from July 2022 to April 2023, while leather exports continue their downward trajectory
Frasers Group to cut up to 200 jobs
The British retailer has confirmed it will cut around 200 jobs as it continues the process of increasing efficiencies across the company following a series of recent acquisitions
Capri Holdings partners up with the National Fish and Wildlife Foundation
The luxury fashion group has entered a three-year partnership with the National Fish and Wildlife Foundation (NFWF) to accelerate the adoption of regenerative agriculture practices in the US
China to return in force in the next edition of Expo Riva Schuh & Gardabags
Participation in the 99th edition of the trade fair is expected to exceed the figures of January's edition, but the highlight goes to the number of Chinese exhibitors, as their registrations have already doubled
Shoe Zone delivers positive trading update
The UK-based retailer reported that trading exceeded expectations during May and June due to strong early demand for summer products and lower container rates, which helped to improve margins
Owner of Lavoro invests 5 million euros to boost productivity
The Portuguese manufacturer of professional footwear ICC – Footwear Industry and Commerce will invest 5 million euros to increase its productivity by 20% and double sales
Germany Retail: a bleak horizon for both the physical and online retail
Consumers seem to have definitely pulled the rug out from under footwear companies, as can be seen by the wave of insolvencies observed in the footwear sector in recent months, in addition to the store closures recorded in 2022. And the online channel is having no better luck, with sales progressively losing the momentum of the positive results recorded in the summer of last year. Overall, the future of retail looks set to remain a little gloomier in the coming months
adidas and Prada team up on first-ever football boot collection
The German-based sportswear company and the Italian luxury house have unveiled the “adidas Football for Prada” collection, combining the unique features of their DNA
Designer Brands announces first quarter results
After seeing its sales and earnings decline in the first quarter of 2023, the North American company has decided to approach the rest of the year with “heightened” caution, lowering its full year guidance in result
Sorel brand's President steps down
Columbia Sportswear has announced that Mark Nenow has resigned from his role as President of the Sorel Brand due to health reasons. The search for a successor is underway
Maison Margiela with new CEO
The Paris-based luxury house has appointed Gaetano Sciuto as its new Chief Executive Officer, effective the 17th of July, and Stefano Rosso will be the house’s new Chairman, says WWD
Inditex posts sales and profit growth
The Spanish-based fashion group posted a sales and net income increase of 13% and 54%, respectively, in the first quarter of 2023, as compared to the same period of last year
Asos shares rise on reports of a takeover bid by Alibaba-backed Turkish rival
This news came after the fast fashion retailer's downgrade from London's FTSE 250 index of mid-sized companies, which reflects its declining performance in the post-pandemic period
Caleres first quarter sales decrease
The US-based group has posted a 9.8% year-over-year sales decline in the first quarter of 2023, amid a challenging operating environment that forced it to take several cost-cutting measures
LVMH Métiers d’Art acquires majority stake in Italian tannery Nuti Ivo
LVMH's division aimed at preserving the French-based group's expertise in luxury raw materials and craftsmanship is now a majority partner of the Italian tannery Nuti Ivo SpA Group
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