News
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
Strong 2024 for the Brazilian leather industry
Brazil’s leather exports increased by 12.5% year-on-year to 1.26 billion USD in 2024, according to the CICB, which also highlighted advances in compliance, traceability and customs barriers
Solid start to the fiscal year for Uniqlo’s parent company
The Japan-based fashion retailer has posted a solid first quarter for fiscal 2025, as Uniqlo continues to perform well at home and abroad, particularly in North America and Europe
Authentic Brands Group names new President
The US-based management brand company has named former Wynn Resorts CEO Matt Madox as President. He succeeds Nick Woodhouse, who will assume the role of Executive Vice Chairman
JD Sports cuts full year profit guidance amid challenging market conditions
The UK-based retailer has posted a solid trading update for the third quarter of its fiscal year, but has lowered its full year profit guidance in recognition of challenging and volatile market conditions
Macy’s to close 66 stores as part of turnaround strategy
The US department store chain has confirmed the closure of 66 stores as part of its Bold New Chapter strategy, which aims to return the company to sustainable, profitable sales growth
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