News
Puma reports nine month results amid currency headwinds
Currency pressures and higher operating expenses impacted Puma’s 2024 nine-month results. However, the German-based company reaffirmed its guidance on the back of revenue growth in the Americas and DTC performance
RM Williams targets the UK as part of global expansion
The Australian-based bootmaker plans to open new UK stores in the coming months. The company aims to use the country as a launchpad for its international growth strategy, while remaining true to its heritage
Primark ends full year on growth path
Primark’s parent company reported solid results for its latest full year. Sales at the fashion retailer grew by 6% year-on-year, underpinned by solid performances in key growth markets
French parliament reduces VAT on shoe and leather goods repairs
France’s lower house of parliament has approved a tax break for repairers by reducing the VAT rate from 20% to 5.5% on the repair of shoes and leather goods
Rocky Brands reports third quarter revenue decline
The US-based footwear company reported an 8.8% year-on-year decline in third quarter net sales. Improved retail revenue and gross margins partially offset wholesale shortfall
Brooks Running reaches 1 billion US dollars in revenue
The US-based running shoe brand reached 1 billion US dollars in sales for the first time in the third quarter, driven by growth in North America, Asia Pacific and European markets
Japan Retail: the picture is unclear for both consumers and retailers
Contrary to what was suggested in our previous flash, fashion retail sales have fallen sharply since April, by a total of 22.8%, while total retail sales have remained somewhat stable. In this context, the low footwear inflation in Japan, now close to 0%, tends to indicate a lack of demand. Perhaps the growth in consumer spending and tourism will help to turn the situation around, especially given the falling yen in September. However, for now, the future remains unclear for all
Deichmann acquires Esprit shoe trademark
Amid insolvency proceedings, Esprit has sold its shoe brand rights in Europe and the United States to Deichmann. The German-based shoe retailer aims to expand its footwear offering in these markets
New Generation: meet Eliana Barros from Ownever
With a degree in Product Design, Eliana Barros is the founder of Ownever, a Portuguese leather goods brand focused on high-quality, sustainable products with a timeless design
Columbia posts mixed third quarter results with strong margins and sales decline
The US-based sportswear company reported a 5% decrease in revenue but improved its gross margin. Columbia also unveiled its new growth strategy, aimed at attracting younger and more active customers
Miu Miu fuels strong performance for Prada Group
Against a challenging backdrop in the luxury segment, the Italy-based luxury continued to perform strongly. Miu Miu “upheld its thriving growth momentum”
WoolOvers doubles down on British production for Hotter Shoes
WoolOvers plans to expand Hotter Shoes’ British manufacturing, improving customer satisfaction and supporting local jobs. Production target is one million pairs per year
Wolverine Worldwide appoints Susie Kuhn to lead Active Group
The US-based company has announced the appointment of industry veteran Susie Kuhn as President of its Active Group, which includes the Merrell, Saucony, and Chaco brands
Crocs posts slight revenue growth
The US footwear company has posted a slight revenue growth and increased gross margins for the third quarter, adjusting its fourth quarter and full year guidance. Heydude brand turnaround continues
VF Corp reports sequential quarterly improvement
Although the company’s revenue was still down year-on-year in the second quarter, there were signs of improvement, especially in the performance of Vans, which has weighed on VF’s overall performance
SEEK launches new concept in response to new market needs
The streetwear-focused SEEK exhibition has announced a new solution-focused and adaptable concept in response to new market needs. The next edition will take place throughout January 2025
Join the 11th edition of the World Footwear Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. WE WANT TO HEAR YOU!
Footasylum secures new bank funding to boost UK expansion
The new funding from HSBC UK will be used to expand stores, improve technology and support exclusive brands. The agreement encourages Footasylum to meet sustainability targets to decrease loan costs
US Retail: expectations on the rise for the last quarter
The summer months have brought relief to footwear retailers, as sales in the category now appear to be on an upward trend. Although consumers remain cautious, the slowdown in employment and inflation is somehow starting to lift their spirits and retailers are showing signs of restocking. As the winter holidays approach, and despite question marks over the geopolitical turmoil and the upcoming presidential election, it’s safe to say that expectations are on the rise
CTCP coordinates project to support the digitalisation of the Albanian footwear industry
The Portuguese Technological Footwear Centre (CTCP) coordinates The Digi4Wearables capacity-building project, which focuses on supporting the digitalisation of the footwear industry in Albania
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