News
Cortume Krumenauer: five generations tannery and an innovative retail concept
Get to know Cortume Krumenauer, a Brazilian-based tannery specialised in the production of vegetable-tanned leather and learn more about their business, which now also includes Sculp Leather Store
Asos announces stock reduction ahead of target
The online retailer widened its losses in the first half of its fiscal year, but said its turnaround plan was progressing well, highlighting that it had reduced its stock levels ahead of target
Harvey Nichols appoints new CEO
The British department store Harvey Nichols has announced the appointment of Julia Goddard as CEO. She joins the company from Alexander McQueen, where she spent 14 years
US retail sales rise again in March
Retail sales rose by 0.7% in March compared with February (seasonally adjusted), following a 0.9% rise in the previous month, reflecting continued consumer strength
UK retail sales flat in March
The first quarter was a disappointing one for retailers. The latest figures from the Office for National Statistics (ONS) show that both the value and volume of sales in March were unchanged on the previous month
Portugal surpasses Spain in footwear production
Portugal has become Europe’s second-largest footwear producer, overtaking Spain. According to Eurostat, Portugal produced 85 million pairs of shoes in 2022, two million more than its Spanish rival
Better-than-expected first quarter prompts adidas to raise guidance
The German-based sportswear company has announced better-than-expected figures in its preliminary results for the first quarter of 2024, raising its full-year guidance in result
Another exit at Under Armour
Chief People and Administrative Officer Tchernavia Rocker will leave the company on the 1st of June 2024 “for personal reasons”, the Baltimore-based sportswear company said in an SEC filing
Inflation threw a curveball at sportswear spending in 2023
The sportswear segment has proven not to be immune to the effects of inflation, with most of global players seeing their sales slow in 2023. Caution seems to prevail in 2024, but there are signs that consumer spending could pick up later in the year
Sports category drives first quarter growth for Stella Holdings
The footwear manufacturer has reported an unaudited consolidated revenue increase of 18.9% year-on-year in the first quarter of 2024, mainly due to demand for sports products
Crocs appoints new president for Heydude
The US footwear company has announced the appointment of Terence Reilly as incoming Executive Vice President and President for the Heydude brand, effective from the 29th of April
Zara and H&M allegedly linked to illegal deforestation, land grabbing and violence
NGO Earthsight has accused H&M and Inditex of allegedly using cotton linked to land grabbing, illegal deforestation, violence, human rights violations and corruption in Brazil
US apparel and footwear industries call for 16-year AGOA extension
The AGOA trade programme, which grants duty-free access to the US market by eligible countries in sub-Saharan Africa, is currently set to expire in September 2025
New CEO at Dr. Martens as the outlook for FY25 worsens
The British footwear company has announced that Ije Nwokorie, currently Chief Brand Officer, will succeed Kenny Wilson as CEO, while admitting that the outlook for fiscal 2025 is challenging
Vietnam retains second spot in global footwear exports in February
Vietnam remained the world’s second-largest exporter of footwear after China in February, with a turnover of 1.17 billion USD, according to figures released by the General Department of Customs
Slow start to 2024 for LVMH
Amid a slowdown in demand for luxury and a challenging geopolitical and economic environment, the French-based luxury group has reported a 3% rise in revenue in the first quarter of 2024
Calçado Penha makes its debut at ModaLisboa
The Portuguese footwear company, which specialises in the production of high-quality men’s footwear, made its debut on a Fashion Week catwalk with the BÉHEN brand
Luxury hit the brakes in 2023
Ahead of the 2024 first quarter results, here’s a look at the sales figures reported by the world’s major luxury players in 2023, which were in general affected by a slowdown in luxury demand
LAST CALL! Join the 10th 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!
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