News
Skechers posts strong full year results
The US-based footwear company has posted a strong performance for the fiscal year 2024, culminating in a strong holiday season, underpinned by growth in all regions
Mytheresa to be renamed LuxExperience
The luxury e-commerce platform Mytheresa will be rebranded as LuxExperience following the proposed acquisition of Yoox Net-a-Porter (YNAP) from Richemont
Capri Holdings reports another weak quarter
The owner of Michael Kors, Versace and Jimmy Choo has reported another disappointing quaterly performance, with third quarter revenue down by 11.6% or 11.4% on a constant currency basis on the same period of last year
Strong second quarter for Tapestry
The US-based company has reported revenue growth in the second quarter, driven by Coach's performance, and increased profitability. As a result, it has again raised its full year guidance
Japan Retail: no concrete forecasts as the country adjusts to a new economic paradigm
While the online channel continues to stand out in a retail market that has seen a slight increase in spending since September 2024, the fashion sector has struggled the most, most likely due to the warm weather that has affected seasonal shopping. For footwear in particular, after a year of low prices, there’s reason to wonder if the picture of near-zero interest rates could hurt consumer behaviour, as their confidence wanes. The overall stability of imports, despite currency fluctuations, doesn't allow for a concrete forecast
2024 will not significantly change the landscape of the world’s top footwear exporters
We have looked back at the data available so far on the performance of some of the world’s top footwear exporters in 2024. Unsurprisingly, Asian countries continue to dominate, but China has slowed. In Europe, we highlight the performance of Spain with consistent growth in value and volume of exports
Germany’s shoe industry navigates market changes
German footwear imports dropped, with Vietnam overtaking China as the leading supplier. Higher wages, inflation and political uncertainty add to the challenges shaping the industry’s outlook for 2025
New Generation: meet Osvaldo Mesquita
With a degree in product design from the School of Arts and Design and a specialisation in footwear design from the Lisbon School of Design, Osvaldo Mesquita is one of the new names to emerge in the Portuguese footwear sector. He recently launched his own brand, Liquito Mesquita
Industry is confident regarding footwear retail prices
77% of the respondents of the last edition of the World Footwear Business Conditions Survey expect footwear retail prices to increase over the next six months. The report with the results of the 11th edition of the survey is now available
H&M reports fourth quarter and full year results
The Swedish fashion group has highlighted the strength of its online channel and improved profitability, despite lacklustre sales in the fourth quarter of its 2024 financial year
Futurmoda 2025 to showcase advanced and sustainable footwear production
With a focus on eco-friendly production, Futurmoda 2025, on the 12th and 13th of March, will showcase advanced machinery, from biodegradable materials to automated assembly and 3D printing solutions
Brian Costello appointed Chief Merchandising Officer of Famous Footwear
The US-based footwear company Caleres, owner of Famous Footwear, has appointed Brian Costello as the brand’s Chief Merchandising Officer. He brings nearly 30 years of experience to the role
Deckers maintains good momentum
The California-based company has reported another strong quarterly performance, driven by good results from Hoka and Ugg, and has raised its full year outlook as a result
Ferragamo CEO Marco Gobbetti leaves amid slowing sales
The Italy-based luxury group has announced the departure of CEO Marco Gobbetti, shortly after reporting lower preliminary sales for the fourth quarter and full year 2024
Golden Goose announces new investor
The luxury sneaker company has announced that the Hong Kong-based Blue Pool Capital, founded by Alibaba Group co-founder and chairman Joe Tsai, has acquired a 12% stake in the company
Maison Margiela appoints Glenn Martens as creative director
The OTB-owned luxury brand has found a successor to John Galliano, who left the label in December. Glenn Martens is the new creative director at Maison Margiela
US Retail: fuzzy outlook for the year 2025
While footwear sales are expected to have ended 2024 on a high note, overall retail sales were more subdued than in the previous year, suggesting that consumers were cautiously optimistic throughout the year. However, rising inflation in the final months of the year appears to have made them wary again and import figures suggesting that retailers will need to stock up again may be hard to come by, as the tariffs imposed by the Trump administration on goods from Mexico, Canada and China have caused some instability. While the outlook for 2025 is not negative, it is certainly not euphoric
Portuguese footwear joins forces with London College of Fashion
The Portuguese Footwear, Components and Leather Goods Manufacturers' Association has just teamed up with the London College of Fashion (LCF) in a series of initiatives aimed at the next generation of design talent
Cost of raw materials and competition in their home market worry the footwear industry
Respondents of the 11th edition of the World Footwear Business Conditions Survey elected the cost of raw materials and competition in their home market as the main difficultie sfaced by the industry
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