News
Parent company of Havaianas posts profit loss
The Brazilian Alpargatas reported fourth quarter and full year results below expectations, with inflation eroding consumers’ purchasing power notably in Brazil
Zalando to cut hundreds of jobs
The German-based online retailer announced that it will cut hundreds of jobs due to the increasingly challenging macroeconomic environment experienced after the COVID-19 pandemic
Amazon reports net loss in 2022
Despite a better-than-expected fourth quarter last year, the Seattle-based company posted a full year net loss of 2.7 billion USD, as compared to a net income of 33.4 billion USD in 2021
UK footfall rises in high streets and city centres
The retail data analytics Springboard says that footfall improved in high streets and city centres in the week following the rail strikes disruption, with the return of workers to the office
EU Commissioner Virginijus Sinkevičius endorses Green Pact for the Portuguese footwear cluster
On the 24th of February, the European Commissioner for the Environment, Oceans and Fisheries will chair the ceremony that will publicly launch the Green Pact for the Portuguese footwear and leather goods cluster
Under Armour appoints new board members
The US-based company has appointed Carolyn Everson and Patrick Whitesell as members of its Board of Directors. Moreover, long-time member Harvey Sanders will step down from the Board on the 31st of March
Hermès posts robust full year results
The luxury group posted a sales growth of nearly 30% in 2022 over the prior year, reaching 11.60 million euros. Despite the global uncertainty, the group is approaching 2023 with confidence
France Retail: inflation will yet impact retail, but there is a light at the end of the tunnel
Figures by the Banque de France suggest that retailers may have felt some relief in December 2022, but the weight of inflation in these results must not be overlooked, with turnover growing quite faster than the production itself. Moreover, the impact of inflation on footwear might yet be to be felt. French consumers tend to purchase the category during sales, but retailers may not be able to make the big discounts that would make consumers shop in a context of still significant inflation due to the need of preserving margins. However, there are signs of light at the end of the tunnel, as retailers’ and consumers’ confidence indicators show that there is room, at least, for the ceasing of confidence deterioration in 2023.
Crocs reports record annual revenue
The US-based company reported having reached a “record” revenue of 3.6 billion US dollars, up by 53.7% over 2021, driven by strong consumer demand. As a result, it anticipates a strong 2023
MICAM to host 988 brands in the upcoming edition
The international footwear trade show, which will be held from the 19th to the 22nd of February at Fiera Milano Rho, in Milan, will feature a total of 988 brands, including 451 foreign exhibitors
Brazil: footwear exports get off to a good start
Brazilian footwear exports grew in both volume and value in January 2023, year-over-year, with shipments to EU countries offsetting the drop recorded in the US and Argentine markets
VF Corp names Silvia Onofri as President of the brand Napapijri
The owner of high-profile brands such as Vans, The North Face and Timberland has appointed Silvia Onofri to the position of Brand President of the outwear brand Napapijri
Next UITIC Congress to focus on sustainability and innovation
The 21st edition of the UITIC Congress, which will take place from the 20th to the 22nd of September 2023 in Milan and Vigevano, will address the relation between sustainability and innovation
Kering fourth quarter sales declined by 7%
The weak performance of Gucci in the last quarter of 2022 (sales down by 15% year-over-year) due to the situation in China impacted Kering’s performance in the quarter. But the group’s full year revenue still grew by 9%
Saye posts a revenue increase of 20% in 2022
The sustainable sneakers brand reached 6.7 million euros in revenue last year, up by 20% over 2021, which reflects a positive performance albeit below previous forecasts
Under Armour announces third quarter results
The Baltimore-based company reported revenue growth of 3% in the third quarter of fiscal 2023, reaching 1.6 billion US dollars, as compared to the same period of the prior fiscal year
Pharrell Williams is Louis Vuitton's new Men's Creative Director
The luxury Maison has announced the appointment of the musician and entrepreneur Pharrell Williams as its new Men's Creative Director, effective immediately
7th edition of the World Footwear Congress postponed
Due to the earthquakes that occurred in Türkiye and Syria on the past 6th of February, the next edition of the World Footwear Congress, expected to be held in May 2023 in Istanbul, has been postponed
FedEx Office to shut SameDay City service
The shipping company confirmed that it will end the service that provides same-day deliveries in large metro areas from the 31st of March. In face of declining demand, the goal is to reduce costs
Tapestry delivers record second quarter earnings
The owner of Coach, Kate Spade and Stuart Weitzman posted record earnings per diluted share of 1.36 US dollars in the second quarter of FY 2023, even though net sales fell by 5% year-over-year
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