News
Survey about the impact of the country of origin of footwear
The World Footwear asks all companies with experience purchasing products from the Portuguese footwear industry to complete a short survey on the impact of the country of origin of footwear
Courovale: from leather trading to producing customised leathers with special finishes
Get to know Courovale, a Brazilian-based tannery specialised in customised leathers with special finishes such as engraved, printed, metal and lacquered and learn more about their business
Simac Tanning Tech unveils new logo as it prepares to celebrate its 50th anniversary
The International Exhibition of Machinery and Technologies for the Footwear, Leather Goods and Tanning Industries has unveiled a new logo to mark the start of its 50th-anniversary celebrations
Footwear brand Heydude launched in the UK market
The Crocs-owned casual footwear brand Heydude launched in the UK last month as part of its international expansion strategy to increase global brand awareness
H&M’s operating performance improves in the first quarter
Despite a slight decline in net sales, the Sweden-based fashion group surprised with a “substantial improvement” in operating profit and total profit in the first quarter of its fiscal year
Concept Factory presented technological innovation at FIMEC
Visitors to the 2024 edition of Fimec were able to see the 14th edition of the Concept Factory (Fábrica Conceito), held by the Brazilian Institute of Leather, Footwear and Artifacts Technology (IBTeC), in partnership with Fenac and Coelho Assessoria Empresaria
Next reports solid fiscal 2024
The UK-based fashion retailer reported a total sales growth of 5.9% year-on-year in its last fiscal year and a pre-tax profit that beat the expectations announced in January
Aloft invests in micronized rubber
Aloft, a Portuguese company specialising in the design, development, and production of technical footwear, is investing in innovative solutions such as micronized rubber to attract new customers
France on course to penalise fast fashion
In mid-March, France’s lower parliament approved a bill imposing penalties on ultra-fast fashion products to help offset their environmental impact. The law has now been sent to the Senate
Alessandro Michele named creative director of Valentino
The Italy-based Maison has appointed Alessandro Michele as Creative Director, as of the 2nd of April. The news ends months of speculation as to where Michele would re-emerge after he left Gucci
Japan Retail: trade did not improve at the end of 2023, but a recovery is not out of the picture
As anticipated in the previous edition of the WF Retail Japan, trade (physical and online) did not improve at the end of 2023. What’s more, the country unexpectedly slipped into recession amid sluggish consumption and pressure on retail costs due to the weak yen. However, it’s expected that the easing of consumer inflation and the recovery of wages due to labour shortages could occur in the first half of 2024 and both consumer and retailer sentiment is on an upward trend. So perhaps a modest recovery could take place soon
Zegna Group to build a new footwear factory
The Italy-based fashion luxury group will open a new footwear and leather goods factory in Parma to expand its production capacity and promote and enhance Italian craftsmanship
Deichmann reports record 2023 revenue
Despite difficult market conditions, the shoe retailer ended 2023 on a strong note. On the back of this successful year, it will invest 324 million euros in 2024 to continue to modernise its business
Toni Belloni to step down as LVMH Group’s Managing Director
After more than 23 years at Arnault’s side, Belloni will step step down as Group Managing Director and Chairman of the Executive Committee of the LVMH Group, effective from the 18th of April
Designer Brands announces fourth quarter and full year results
The North American company ended the fiscal year 2023 with better-than-expected results due to its brand portfolio, but highlighted the challenging environment it faced
A slight increase in revenue for Nike
The US-based company has reported a slight increase in revenue on both a reported and currency basis in the third quarter of fiscal 2024, as compared to the same period of the prior fiscal year
Signs of optimism at the close of APLF
The leather trade fair returned to Hong Kong from the 19th to the 21st of March, with most leaving with positive impressions despite some caution due to the challenging macro environment
Fashion group OTB acquires Italian shoe supplier Calzaturificio Stephen
The Italy-based group, owner of fashion brands such as Margiela, Jil Sander, Marni, Viktor&Rolf and Diesel, has acquired a majority stake in luxury footwear manufacturer Calzaturificio Stephen
Shoe Carnival delivers consistent fourth quarter results
The US-based footwear retailer reported fourth quarter and full year 2023 results in line with previous expectations, highlighting the positive contribution from the December holiday season
361 Degrees reports double-digit growth
The Chinese-based activewear company ended the fiscal year 2023 with a double-digit revenue growth of 21%, as compared to 2022. The Kids business was the fastest growing over the period
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