News
Schuh to cut jobs as part of a restructuring effort
Amid challenging economic conditions, the UK-based footwear retailer has started a voluntary redundancy process. The number of employees affected is not yet known
Positive perspectives about the health of footwear business continue
More than 65% of the respondents of the last edition of the World Footwear Business Conditions Survey seem confident regarding the health of their businesses. The 11th edition of the World Footwear Business Conditions Survey results are now available
Expo Riva Schuh & Gardabags unveils new vision for 2025
The revamped Gardabags format, set to start in June 2025, focuses on aligning with buyer needs through distinct categories for sourcing, private-label collaborations and branded product showcases
Leather footwear drives positive performance of Bangladesh’s leather industry
Between July and December 2024, Bangladeshi leather footwear exports were up by 30% year-on-year, countering the negative performance of leather goods and finished leather exports
adidas closes 2024 with strong figures
The German-based company has reported strong preliminary figures for the fourth quarter and full year 2024. Shortly afterwards, news of job cuts as part of a restructuring of its headquarters began to appear in the media
Challenging second half weighs on Shoe Zone’s full year performance
The UK footwear retailer has reported a solid fiscal year 2024, although a challenging second half weighed on the bottom line due to disappointing store sales. Digital channel continues to grow
Eduardo Calabuig named new General Manager of Inescop
The Footwear Technology Centre Inescop, based in Spain, has confirmed the appointment of Eduardo Calabuig as its new General Manager. He brings over 18 years of experience in the technology sector to the role
Zalando raises profitability guidance after better-than-expected fourth quarter
The Germany-based online multi-brand retailer has raised its profitability forecast for the fiscal year 2024, following a better-than-expected fourth quarter, driven by strong customer growth
Soles4Souls calls for donations to help LA fires relief efforts
The Nashville-based nonprofit is raising 25,000 USD to ensure new shoes, clothing and accessories reach families devastated by the Los Angeles wildfires
Strong third quarter for Richemont
The Swiss-based luxury group has reported a strong third quarter, underpinned by double-digit growth in all regions except Asia, where Mainland China remains the weak spot
361 Degrees reports e-commerce sales up by 30-35% in the fourth quarter
The China-based activewear company has reported strong fourth quarter figures in its latest trading update. E-commerce sales stand out with 30-35% year-on-year growth
Sanjo teams up once again with Wolf & Rita
The footwear brand has once again teamed up with the fashion brand Wolf & Rita, renowned for its distinctive and artistic approach to clothing, to show its pride in Portuguese heritage
Employment in the footwear sector expected to stabilize
In the latest edition of the World Footwear Business Conditions Survey, two-thirds of our panel members responded that they believe the level of employment will stabilise in the next few months. Get free access to the report with the main conclusions
Expo Riva closes with positive figures despite difficult market conditions
In line with January 2024 and amid difficult market conditions, the Italian trade fair specialising in footwear, bags and accessories closed its last edition with 9 000 visitors from around 100 countries
More than 7 000 visitors expected at the next edition of Inspiramais
The next edition of Brazil’s leading event for the launch of materials for the footwear, clothing, upholstery, furniture and jewellery industries returns to Porto Alegre on the 21st and 22nd of January
Germany Retail: cautious optimist prevails as the year begins
There are no fireworks in the German retail sector. Overall sales are stable, with e-commerce standing out, inflation is on target, and consumer confidence, which remains negative, has risen slightly. However, retailers have experienced a rollercoaster of emotions throughout 2024, and the only certainty at the start of the year is cautious optimism. Political turmoil, economic difficulties and geopolitical conflicts could just as easily lead to a turbulent year for retail
Caleres lowers its outlook for the full year once again
The US-based footwear company has announced a further cut in its full year sales and earnings outlook, after recording lower-than-expected sales in mid-December and January
Kurt Geiger posts record figures in December amid retail expansion
As it continues to expand its presence in North America, the British luxury footwear and accessories brand says December 2024 was the most profitable month in its history
UK: Golden Quarter fails to salvage 2024 trade
Total UK retail sales grew by 0.7% in 2024 as compared to the previous year, as the Golden Quarter recorded sales growth of just 0.4% year-on-year, the British Retail Consortium (BRC) said
US footwear industry helps LA fire victims
Deckers Brands, Skechers, Merrell, APL, Two Ten Footwear Foundation and Soles4Souls are among the companies and organisations coming together to help the victims of the LA fires
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