News
Germany Retail: hope rests on the ability of retailers to weather gloomy circumstances
In a landscape where e-commerce is in a league of its own, footwear retailers continue to struggle to regain sales growth, even against the backdrop of overall retail performance. And low inflation in the sector is actually indicative of low demand, not consumer confidence. Indeed, the data shows that consumers remain far more pessimistic than retailers, and a renewed rise in the propensity to save is clouding the overall picture. Given the volatile global trading environment, hope rests on the ability of retailers to weather these gloomy conditions
Hermès continues to expand its production capacity
With the opening of a new leather workshop in Normandy, which will ultimately create 260 new jobs for craftsmen, the French luxury group is reaffirming its commitment to expanding its production capacity
World Leather Day 2025 aims to invite a closer look at leather
Taking place on the 26th of April 2025, this year’s celebrations will focus on the theme 'Beyond The Surface', designed to encourage a deeper look at leather and challenge misconceptions
Vietnam opens trade talks with the US over looming tariffs
Vietnam and the US have formally opened talks over the Trump administration’s threat to impose a 46% tariff on goods from the Southeast Asian country, according to state media reports
Gucci continues to be a drag on Kering’s performance
The France-based luxury group has reported a weak first quarter. Gucci continues to weigh down on its performance, with revenue down on a reported basis by 24% year-over-year
Yue Yuen issues profit warning
The Hong Kong-based manufacturing group has told its shareholders that it expects its profit attributable to owners to fall by no more than 25% as compared to 100 million USD in 2024
Intersport appoints new CEO
The Switzerland-based sporting goods retailer announced that it has appointed Tom Foley as the new Chief Executive Officer, effective from the 1st of July 2025
Stella Holdings sees volume growth but revenue decline
The Hong Kong-based footwear group reported volume growth of 3.4% but a 1.8% decline in manufacturing revenue due to increased sports orders. The company continues to diversify its manufacturing base
Jonathan Anderson takes over Dior menswear helm
Jonathan Anderson has been appointed artistic director of Dior's menswear line, the house has confirmed. He succeeds Kim Jones, who stepped down in January
New Generation: João Ferreira from Paradigma
With a degree in management, João Ferreira is at the helm of Paradigma, a 100% Portuguese brand owned by the second generation of a shoemaking family that has been in business since 1987
Spain Retail: a case for optimism
Despite a decline in fashion sales in January, February bucked the trend, and the data points to a stable performance for the sector in 2025, with online taking the lead. Although the deflation in the apparel and footwear sectors is not good news, retailers in general remain optimistic about the future - as shown by the import data - supported by the economic growth the country has experienced and is expected to continue to experience
Hermès continues to outperform the sector, but growth slows
The French luxury group continues to outperform the sector, but its growth has slowed in the first quarter, as compared to the prior quarter. US prices to rise from May due to the impact of tariffs
Brazilian footwear exports rise in the first quarter
Brazilian footwear exports grew in volume and value in the first quarter of the year, but Abicalçados fears a slowdown in this trend in the coming months due to the volatile global environment
What’s next for footwear businesses in a volatile global trade landscape?
We have looked at the prospects for footwear companies in light of the recent US tariffs announcements, highlighting some concerns from both a manufacturing and retail perspective
US retail sales grew in March but consumers are worried
Data released by the US Census Bureau showed that retail sales rose in March, even as consumers continued to worry about the impact of rising tariffs, the National Retail Federation (NRF) said
EU and UAE agree to open free trade talks
The European Union (EU) and the United Arab Emirates (UAE) have agreed to start Free Trade Agreement (FTA) negotiations. The European Confederation of the Footwear Industry (CEC) has welcomed this move
LVMH reports drop in revenue in the first quarter
Amid a disrupted geopolitical and economic environment, the France-based luxury conglomerate has reported a decline in first quarter revenue. Europe was the only region to grow
New North America President at Puma
The sportswear company has announced that Tara McRae will succeed Bob Philion as President of Puma North America, where she will oversee the company’s business in this market
Deichmann with a strong performance in 2024
The German-based footwear retailer has reported a strong 2024 performance, despite a challenging trading environment, particularly in its home market and the US
Bangladeshi leather footwear exports continue to grow
Leather footwear exports are underpinning the positive performance of the leather industry in the fiscal year 2024-2025, according to the Export Promotion Bureau of the Government of Bangladesh
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