News
Capri Holdings announces second quarter results
The fashion group, owner of Versace, Michael Kors and Jimmy Choo, reported revenue growth of 8.6% in the second quarter of fiscal 2023, driven by good performances of its three houses
Interview with Julia Guzenko (Giardini) from Ukraine
Our newest interview is with Julia Guzenko, owner of chain store Giardini, based in Ukraine. We have talked to Julia about the conditions of working in war time. Watch the video
Asics ventures into the Web3 commerce
The physical running shoes in the ASICS x Solana UI Collection can only be purchased with digital currency. The company said to be showing the future of Web3 commerce with this move
Ferragamo continues to grow
The Italian-based luxury group posted a revenue increase of 17.2% and a net profit growth of 69.2% in the first nine months of the year, as compared to the same period of 2021
Gulden officially appointed adidas new CEO
The German-based company appointed the ex-Chief of Puma, Bjørn Gulden, to the role of Chief Executive Officer, effective from the 1st of January 2023
Amazon rebounds
The Seattle-based online retail giant returned to profitability in the third quarter of the current year, but it is preparing for a slower last quarter, most likely due to a weaker consumer demand
Under Armour lowers full year outlook
The Baltimore-based company has slightly lowered its fiscal 2023 guidance despite reporting second quarter results in line with expectations. Footwear segment was the only one to grow
Brazilian footwear components exports grow by 22%
Exports of yellow-green footwear components generated 331.9 million USD in the first nine months of 2022, reflecting higher demand from Latin American countries, which are seeking options to China
Zalando focuses on profitability
The e-tailer posted growth in the third quarter of 2022 amid a challenging macro-environment, underlining its focus on improving profitability. Active customers base exceeded 50 million this year
US Retail: not all news are bad for retail
The available data suggests that retailers made sure to fill up their stocks this year, most likely causing supply to outstrip demand. But while demand may have slowed down, mainly due to high inflation, spending has not ceased, and retailers are expected to increase their promotions through the end of the year to dispose of marked-down excess inventory. Consumer confidence indicators are somewhat mixed, but it is safe to assume that, at least, it has stopped bleeding. In fact, the contrast with European consumers is clear, showing that US shoppers are less sensitive to the geopolitical risks concerning the ongoing war in Ukraine. Meanwhile, though slowly, footwear prices increases are starting to decelerate
Crocs lifts 2022 guidance
The US-based company posted once again a strong quarterly performance, with a revenue growth of 57.4% in the third quarter of 2022 over the same period of last year, raising its outlook in result
Classic shoes manufacturer Ferreira Avelar celebrates 75 years
The Portuguese company Ferreira Avelar, owner of the brand Profession Bottier, celebrates 75 years of producing classic shoes of excellence, with the eyes set on the future
Puma appoints Arne Freundt as new CEO
The company announced that Arne Freundt will take on the role of CEO and Chairman of the Management Board from the 1st of January 2023, succeeding Bjørn Gulden, who decided not to renew his contract
Sanchit Kundra (Fresh Feet): the footwear industry in India has been through a revolution
Our latest interview is with Sanchit Kundra, founder of Fresh Feet. Mr Kundra guided us through Fresh Feet’s new technology and gave us an update on the status of the footwear industry in India
École Hermès des savoir-faire expands training programme
Hermès apprenticeship training school, which prepares students for the French national diploma in leatherwork, will include a vocational qualification certification in cutting and stitching
Steve Madden cuts full year outlook
Despite a revenue increase in the third quarter of 2022, the US-based designer and marketer of footwear, accessories and apparel for women, men and children lowered its full year outlook
Istanbul starts preparing for the return of the World Footwear Congress
The World Footwear Congress (WFC), which will be held in Istanbul from the 9th to the 11th of May 2023, will discuss the changing perspective of the consumer, new business models and employment
Columbia Sportswear reports strong performance
The US-based company posted a net sales increase of 19% in the third quarter of 2022, driven by the performance of the Sorel and Columbia brands, and confirmed its full year outlook
US low-income shoppers to spend more this holiday season
Low-income shoppers are planning to spend 25% more year-over-year, while the high-income group is pulling back. Overall, holiday spending is expected to be flat year-over-year
Last call to fill our Business Conditions Survey. You can still get access to the results in first hand
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