News
Strong performance of Inditex in 2023
The Spain-based fashion group reported a 10.4% year-over-year growth in sales to 35.9 billion euros in 2023, with positive results across all channels and regions. Profits up by 30.3%
adidas posts better-than-expected operating profit in 2023
The German-based company reported a very challenging 2023, especially in the US market, but remains optimistic for a noticeable improvement in the second half of the current year
Allbirds appoints new CEO amid sales decline
The California-based sustainable footwear brand has appointed its current COO, Joe Vernachio, to replace Joey Zwillinger as CEO, amid a slump in sales
World Footwear Voices: interview with Berke Içten from TASD
Today we bring you a conversation with Berke Içten, Chairman of the Executive Board of the Footwear Industrialists Association of Türkiye (TASD). Watch the new episode of the World Footwear Voices
Foot Locker reports slight improvement in sales as year ends
The US-based sportswear retailer reported better-than-expected fourth-quarter results, with sales up by 2.0% on a comparable basis to the same period of 2022
Mango hits the 3 billion sales mark
The Spanish-based fashion group has increased its turnover by 15%, reaching more than 3.1 billion euros for the first time in 2023. It aims now to pass the 4 billion mark by 2026
Genesco reports full year sales decline
Despite a slight improvement in the fourth quarter of fiscal 2024, the company’s full-year net sales were down as compared to the prior year. Genesco expects the market environment to remain challenging in the first half
Allbirds completes two international distributor deals
The sustainable footwear brand has signed two distribution agreements covering Australasia and Japan. Moving from direct sales to a distributor model is part of its strategic transformation plan
AAFA announces the leadership of its 2024-2025 Board of Directors
The American Apparel & Footwear Association (AAFA) has announced the renewal of its Board leadership, as well as the addition of 15 new and re-elected Board members
Apple of Eden committed to sustainability
The Portuguese women’s footwear brand has just published its first Sustainability Report, thus reaffirming its “unwavering commitment to a greener and more ethical future”
Assocalzaturifici confirms Giovanna Ceolini as President
Giovanna Ceolini has been confirmed as President of the Italian Footwear Manufacturers’ Association until 2027, after taking up the role on an interim basis in August 2022
Schuh strengthens executive team
The Genesco-owned footwear retailer has appointed Stephanie Legg as Chief Marketing Officer and Justin Lodge as Chief Digital Officer as part of its efforts to attract younger generations
Prada’s full year profits surge by 44%
The Italian-based group ended 2023 with a 17% growth in revenue and a 44% rise in profits, as compared to the previous year, boosted by the desirability of its Prada and Miu Miu brands
Macy’s announces fourth quarter and fiscal 2023 results
The US company has posted a year-on-year decline in sales and profits for both the fourth quarter and full year, but said it’s in a better financial position to continue its modernisation strategy
Tough times ahead for German shoemakers
German footwear manufacturers are facing a challenging 2024, says HDS/L, highlighting only nominally higher 2023 sales and losses on imports, especially in the second half of the year
The Athlete’s Foot reports growth in 2023
The speciality footwear and lifestyle retailer has achieved 593 million US dollars in sales in 2023, an increase of 7% as compared to the previous year, amid a challenging retail landscape
Geox appoints new CEO amid slowing sales
The Italy-based footwear group has confirmed a slowdown in sales in 2023, a year marked by “strong uncertainty”, and has announced the appointment of Enrico Mistron as its new CEO
Footwear industry leaders meet to address challenges and seize opportunities
This year’s Global Footwear Executive Summit, which will be held at APLF 2024 in Hong Kong on the 20th of March, will address innovations in footwear production, materials and branding strategy
Net sales decrease at Rocky Brands
The US-based footwear company reported a 9.3% year-over-year decline in net sales in the fourth quarter, a slight improvement from the previous quarter. For the full year, net sales were down by 25.0%
Spanish footwear exports slowed down in the second half of 2023
After a solid start to 2023, Spanish footwear exports slowed in the second half of the year due to deteriorating consumption patterns and adverse macroeconomic and weather conditions
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