News
Sneaker’s share to continue increasing
In the latest edition of the World Footwear Business Conditions Survey, we asked our panel of experts how they expected sneakers’ share of international footwear trade to evolve by 2050
Portuguese footwear cluster with record results in 2022
Portuguese footwear and leather goods exports reached 2.35 million euros in 2022, a new all-time high, up by 22.2% as compared to the prior year. All segments registered significant growth
UK Retail: bad odds for retail should consumer confidence remain on the floor
The Textile, Clothing, and Footwear (TCF) by the ONS stood above the 2019 baseline in the last two months of 2022, no doubt sustained by Christmas sales. But forecasts for the coming months are not so positive. The strain on household budgets due to the cost-of-living crisis will prove to be a challenge for retailers as well because while ongoing inflation will make sales appear to be rising, volumes will decline. Consumer confidence may be key in this equation. Even if it slightly improved in December, it was the first time in the GfK’s consumer confidence survey in the nearly 50-year history that a run of nine successive months of -40 pp or worse occurred. Should this continue, the odds are not good for retail
Capri Holdings posts revenue decline
The fashion group, which owns Versace, Michael Kors and Jimmy Choo, posted a revenue decline of 6.0% in the third quarter of fiscal 2023, as compared to the same period of last fiscal year
Clarks teams up with Zara in capsule collection
The British footwear brand has teamed up with the fashion retailer to create a capsule collection that reinvents some of its classic designs, including the Wallabee and Desert Boot styles
Geox announces full year preliminary results ahead of expectations
The Italian brand posted a sales growth of 21% in 2022 over the prior year, sustained by double-digit growth on all distribution channels and across all the main regions
Designer Brands acquires Keds from Wolverine
The North American company has acquired the footwear brand Keds from Wolverine Worldwide, thus increasing its Owned Brands portfolio while reaching into the athleisure category
UK retail sales slowdown in January
Following the Christmas boom, inflationary pressures caused total retail sales to rose by 4.2% in January, around half December’s pace and down from the 11.9% growth recorded a year earlier
Frank Meyer joins PFAFF Industriesysteme und Maschinen as General Manager
The German company of automation engineering of sewing and heat-sealing processes has announced that Frank Meyer has joined PFAFF as General Manager
Vans and Dickies drag down VF's revenue
The US-based company has reported a 3% decline in revenue in the third quarter of the current fiscal 2023, year-over-year, with Vans and Dickies performing poorly in the period
Inditex to double the number of disabled employees
The Spanish-based fashion group intends to "significantly" increase the number of employees with disabilities across its stores, logistics platforms, warehouses and offices worldwide within two years
Hoka's third quarter sales up by 90%
The performance of the Hoka brand continues to stand out in the quaterly results of Deckers Brands, which posted net sales growth of 13.3% year-over-year in the third quarter of fiscal 2023
Kohl's names Tom Kingsbury as Chief Executive Officer
After serving as Interim Chief Executive Officer since the 2nd of December 2022, the US-based retailer's Board of Directors has unanimously appointed Tom Kingsbury as its permanent CEO
adidas launches new label
The company has announced the launch of its first new label in five decades, adidas Sportswear, "for everyday movements and occasions", which will be available from the 9th of February 2023
Columbia Sportswear announces full year results
The US-based company reported a net sales increase of 11% in 2022 over the prior year. But, amid supply chain constraints, net income in the same period declined by 12% year-over-year
Gigi Hadid surrenders to Portuguese footwear
The international top model Gigi Hadid has recently picked Portuguese footwear. She was spotted wearing a pair of boots from the Portuguese brand Alameda Turquesa
How can Additive Manufacturing (3D printing) be used by the footwear and leather goods sectors?
Just released! World Footwear Innovation Paper focused on new manufacturing tools available to the footwear and leather goods sectors and understand what 3D printing can do for your business
Neonyt and FASHN ROOMS join forces in Düsseldorf
The two independent trade shows, which took place from the 28th to the 30th of January in Düsseldorf, launched the first-ever joint conference format on fashion and sustainability
Skechers announces record annual sales
The US-based company reported an increase in sales of 18% in 2022, year-over-year, reaching a record total of 7.4 billion US dollars, as the result of four quarterly sales records
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