News
Ferragamo posts revenue decline
The Italy-based luxury group saw its revenue fall by 18% year-over-year in the first quarter of the year, mainly due to a weak Chinese market and a difficult wholesale environment
Brazilian footwear production to grow in 2024 driven by domestic demand
Brazilian footwear production is expected to grow between 0.9% and 2.2% year-on-year in 2024, driven by a surge in domestic demand, according to the Brazilian Footwear Industries Association (Abicalçados)
Puma reaffirms full-year outlook despite soft start
Despite a sluggish start to the year, with a sales growth of 0.5% year-over-year on a currency-adjusted basis, the German-based sportswear giant has maintained its full-year 2024 outlook
Brooks Running delivers record quarterly revenue
The Seattle-based company has posted “the highest quarterly results” in its history, with first quarter revenue up by 9% on the same period of last year. E-commerce business grew by 22% year-over-year
Wolverine posts better-than-expected results
Despite a 34% drop in first quarter revenue, the US-based outdoor company, which is undergoing a turnaround plan, said results were better-than-expected. New CFO appointed
The rise of the second-hand fashion market
The global second-hand fashion market is expected to reach 350 billion USD by 2028, according to ThredUP's latest resale report. Value-conscious consumers, a greater concern for the environment and a desire for uniqueness seem to be driving this “revolution”, with new generations leading the way
Solid start to the year 2024 for Rocky Brands
The US-based footwear manufacturer started the year on a positive note, with a net sales growth of 2.2% to 112.9 million US dollars on a comparable basis to the first quarter of 2023
Portuguese Footwear Technological Centre project shortlisted by the European Commission
The LIFE GREENSHOES4ALL project, coordinated by CTCP, has been recognized by the European Commission for its efforts to minimise the environmental impact of footwear production
EU-New Zealand Free Trade Agreement has officially come into effect
The EU-New Zealand Free Trade Agreement, which took effect on the 1st of May, is expected to increase trade between the two regions by 30%, creating new opportunities for businesses and consumers
Zalando reports improved financial results
The German-based online fashion retailer has reported a 1.3% increase year-over-year in gross merchandise volume in the first quarter of the year and a 29.6-million-euro reduction in losses
Wolverine Worldwide enters into licensing agreements for Merrell and Saucony brands
The US-based company has entered into a licensing partnership with Vida Shoes for Merrell and Saucony children's footwear and Centric Brands LLC for Merrell apparel and accessories
UK: Poor weather and early Easter weigh on April retail sales
UK retail sales fell by 4 by 4.0% year-on-year in April, against a gain of 5.1% in April 2023. An early Easter and poor weather dampened sales, particularly for clothing and footwear, the BRC said
Steve Madden on an upward trajectory
Building on a positive fourth quarter in 2023, the New York-based footwear, accessories, and apparel designer reported continued growth in revenue and profits in the first quarter of the year
Crocs appoints new Chief Financial Officer
At the same time as the release of its first quarter results, the clogs company has announced the appointment of Susan Healy as Executive Vice President and Chief Financial Officer of Crocs
Crocs posts strong first quarter
The US-based casual footwear company kicked off the year with a first quarter revenue growth of 6.2% over the same period of last year, driven by the performance of the Crocs brand
Brazil to host the 26th Latin American Footwear Forum
The next edition of the Latin American Footwear Forum, which is held annually in a different country of the South American continent, will take place on the 20th of May in São Paulo, Brazil
Clarks CEO steps down
The British footwear label has confirmed that Jon Ram has stepped down as CEO to “pursue other opportunities” after two years in the role
Amazon announces first quarter results
A solid start to 2024 for the Seattle-based online giant. Amazon reported a 13% year-over-year increase in net sales in the first quarter, with all segments contributing to the result
Footwear retail in 2024: signs of recovery or a bumpy ride ahead?
High inflation squeezed margins in footwear retail throughout 2023. To glimpse the industry's 2024 outlook, we analysed results from key players like manufacturers Yue Yuen and Stella Holdings and retailers Foot Locker, JD Sports, Shoe Carnival, and Genesco
Deckers promotes Ellerker to newly created role of President of Global Marketplace
The California-based company, which owns the Hoka and Ugg brands, has promoted Marco Ellerker to the newly created role of President of Global Marketplace, effective from the 1st of August
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