News
Pakistan and Russia agree to enhance bilateral trade
The Islamabad Chamber of Commerce and Industry (ICCI) has signed a Memorandum of Understanding with the Moscow Chamber of Commerce and Industry (MCCI) to promote trade between the two countries
JD Sports announces new growth strategy for the next 5 years
The retailer has announced that is setting in motion a new strategic approach for the next five years, which includes plans to a "significant" retail expansion and brand-new financial growth goals
Inspiramais talks of design and sustainability in the fashion industry
The latest edition of Inspiramais unveiled over a thousand innovative and sustainable materials while promoting significant discussions about sustainability and design in the fashion industry
Nike sues lululemon over patent infringements
The US-based sportswear company has filed a complaint against the Vancouver-based apparel company for patent infringement related to at least four of the company's latest shoe releases
H&M confirms full year sales increase
Despite a "turbulent year characterized" by "geopolitical challenges and substantial cost inflation", the Sweden-based fashion group posted a full year 2022 sales increase of 12% over fiscal 2021
Luxury's US growth may slow down
Several analysts believe that the looming recession and rising lay-offs are darkening luxury's outlook in the country for the coming months, following a period of strong sales
Ferragamo reports full year revenue growth
The Italian-based luxury group has announced preliminary consolidated results for the year 2022. Sales grew in all regions, except for Asia Pacific, due to a COVID-19-related slowdown in China
VF Corp opens design collective and regional office in Tokyo
The owner of brands such as Timberland and Vans, among others, has announced the launch of the Tokyo Design Collective alongside an office in the city's Harajuku district to boost its creative reach
Brazilian Arezzo buys footwear brand Vicenza
The Brazilian 'house of brands' has announced the acquisition of Vicenza by 103.8 million Brazilian reais (20.3 million USD), as part of its expansion strategy in the fashion and retail businesses
Tod's Group turnover exceeded one billion euros in 2022
The Italian-based luxury group posted revenue growth of 13.9% in 2022, year-over-year, thus exceeding the one billion mark, driven by the retail channel and Tod’s brand performances
Savana launches Braille & Sustainability project
The Portuguese company specialized in the production of children's footwear won the competition Metal Show with the development of a boot for blind children made from sustainable materials
Sabato De Sarno is Gucci's new Creative Director
The French-based Kering has announced that Sabato De Sarno, currently the fashion director of men's and women's ready-to-wear at Valentino, will assume the role of Creative Director of Gucci
2023 could bring a loss of 56 million pairs in Europe's consumption
In the latest edition of the World Footwear Business Conditions Survey, we have asked our panel of experts about their perspectives regarding footwear consumption, in their domestic market and globally
Primark reports very strong Christmas period
The retailer posted a sales increase of 15% in the 16 weeks to the 7th of January 2023, driven by strong footfall after the easing of COVID-19 restrictions, which impacted last year's results
Puma named Global Top Employer in 2023
The German-based sports company has been named global Top Employer 2023 by the Top Employers Institute, receiving also the award for four regions and twenty-two countries
LVMH posts record annual sales
The French-based luxury group reported to have reached a revenue of 79.2 billion euros in 2022, with profit from recurring operations totalling 21.1 billion euros, both up by 23% over 2021
Nordstrom Chief Merchandising Officer to retire
The Seattle-based department store announced that Chief Merchandising Officer Teri Bariquit is retiring after 37 years with the company. She will remain in the role until a successor is named
Asics plans to further grow in India
The Japan-based sportswear company has reported that India saw the highest growth globally in 2022 due to the post-pandemic running and fitness boom
Slower footfall at Premium and Seek trade fairs
Brands exhibiting at the Berlin trade shows from the 17th to the 19th of January were pleased with the turnout but still noted that the German market is not living its best moment
UK consumer confidence picked up in the last quarter of 2022
The latest Deloitte Consumer Tracker revealed that after 15 months of consecutive decline, UK consumer confidence improved slightly by 0.6% in the last quarter of 2022 to -19.7%
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