News
Sorel and Hoka join responsible packaging movement
Launched last year by Columbia Sportswear’s prAna brand, the movement has reached now 100 signatories. The footwear brands Merrell and Saucony had already signed it
Nike accelerates its digital transformation
The company has announced the acquisition of RTFKT, which is a brand known for creating viral sneakers designs and collectible exclusives. The terms of the deal will not be disclosed
Farfetch buys luxury release platform Luxclusif
The luxury e-commerce platform has announced the acquisition of the resale platform Luxclusif. The deal includes Luxclusif’s technology and its team, which will join Farfetch's group
Foot Locker launches initiative to tackle social inequalities
The US-based footwear retailer has partnered up with Laureus Sport for Good Foundation to launch a multi-country initiative aimed at addressing inequality in underserved communities
Dr. Martens posts revenue growth
The iconic footwear brand reported strong performance in the first half of fiscal 2022, driven by retail recovery and sustained e-commerce growth
Ownever: the new Portuguese brand of luxury handbags
Born in March 2021, Ownever intends to ensure classic and timeless designs that can last a lifetime. To that effect, it has launched a unique edition with 136 years of warranty
SPARC to manage Reebok operations in the US
ABG, which will close the acquisition of Rebook next year, has established a partnership with its division SPARC to secure Reebok US’ operation, disclosing the strategy for the brand
CTC teams up with Ars Tinctoria
The French-based company of quality assurance and consulting services for the footwear and leather industries has announced a partnership with the Italian laboratory Ars Tinctoria
Pakistan: footwear and leather exports in surging mode
In the first 4 months of the current fiscal year, footwear exports increased by 12.02% in value, generating 47.71 million US dollars. Leather manufacturers exports grew in value by 8.43%
Japan Retail: retail recovery didn't take place and confidence might be endangered if prices go up
The expected retail boost from the Olympic games never took place in Japan, and the retail index is still below the normal pace registered before the pandemic. With the lifting of the State of Emergency things are expected to improve. If retailers are still lacking confidence, consumers seem to have improved their mood. However, with a rising expecting about the growth of prices, this could negatively impact the good mood of consumers and further deteriorate the confidence of retailers
Puma increases production in Argentina
The sportswear giant in Argentina is to invest 4.2 million US dollars in its factory in La Rioja to increase its production capacity to 2.5 million pairs per year
Designer Brands reports strong performance
The North-American designer, producer and retailer of footwear and accessories has announced results for the third quarter of fiscal 2021. Comparable sales grew by 40.8%
Shoe Carnival acquires Shoe Station
Shoe Carnival is buying the family-owned footwear retailer Shoe Station, which operates in five South-eastern US states, for 67 million US dollars. The goal is to expand its customer base
Skechers launches Our Planet Matters recycled collection
The new collection was designed to help reduce the company’s environmental impact. Skechers has also announced a partnership with the non-profit The Nature Conservancy
Ecco bets in innovative shoemaking processes
The Danish shoemaker has chosen to use Stratasys Origin One 3D printers and Henkel Loctite materials to accelerate the shoemaking development process in its facilities in Portugal and Denmark
Genesco reports revenue increase
The Nashville-based footwear group has announced net sales increase of 25% in the third quarter of fiscal 2022, reaching 601 million US dollars, as compared to the third quarter of 2021
Shortage of raw materials threatens Indonesian footwear industry
The footwear industry fears a raw materials’ crisis due to the ongoing energy crisis in China, which is causing a delay in deliveries. The sector remains very dependent on Chinese products
CCC with new quarterly record
The Polish-based footwear group reported record revenue of 452.6 million euros (2.1 billion Poland Zloty) in the third quarter of 2021. Online sales accounted for 45% of total sales
Prices of footwear to continue to increase
There is a rising expectation about the evolution of footwear prices in the coming months. Our experts anticipate prices to continue to rise, as a result of several pressure points impacting the business. Get access to the latest Business Conditions report and find out more today
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