News
Gruppo Florence to launch Village of Wonders in 2024
The Italian holding company, which owns 28 suppliers to the luxury goods industry, is planning to launch the Village of Wonders hub in Milan to showcase the skills of its various businesses
Farfetch’s owner is reportedly considering taking the company private
The online luxury retailer’s Chief Executive Officer José Neves is reportedly in talks with top shareholders and JP Morgan advisers to delist the company
Coats reports improving sales trend
The industrial thread manufacturer’s organic revenue fell by 12% year-over-year from July to October, which suggests an improving trend as compared to the 19% decline recorded in the first half
Genesco appoints Andy Gray as President of the Journeys Group
The Nashville-based footwear company has announced the appointment of Andy Gray as President of the Journeys Group, effective from the 3rd of January 2024
Golden Goose on an upward trajectory
The Italian-based luxury sneaker brand posted a 19% increase in revenue in the first nine months of 2023, as compared to the same period of 2022, with solid performances in all geographies
The best moments of the 7th World Footwear Congress
The World Footwear attended the latest edition of the World Footwear Congress in Istanbul, earlier this month. Today we bring you a short film with the best moments of the event which gathered representatives from the footwear industry from all over the world
Alpargatas reports decline in net revenue
The parent company of Havaianas reported a net revenue fall of 17.8% in the third quarter of 2023, as compared to the same period of last year, due to a significant drop in volumes sold
Alex Marquoin from CETIA talks about Re_Shoes, a closed-loop recycling solution
We spoke with Alex Marquoin, the Head of R&D at CETIA, a French-based innovative platform working on solutions to transform textile and leather articles into materials ready for recycling. Read all about their Re_Shoes solution for dismantling shoes
Brazilian footwear industry regrets presidential veto to maintain payroll tax exemption
National footwear manufacturers were surprised by President Lula da Silva's veto to maintain the payroll tax exemption policy and expect a loss of 20 000 jobs in 2024 in the industry
Caleres profits rise
Despite recording a net sales drop of 4.6% in the third quarter of 2023, as compared to the same period of 2022, the footwear company managed to increase its profitability in the quarter
Mariano Shoes invests in the women’s segment
The Portuguese luxury shoe brand has acquired a production unit that has been in business for over 40 years to increase its production capacity and expand its women’s range
US: footwear prices increased in October
While overall consumer prices remained stable, as compared to the previous month, retail shoe prices in October rose by 1.1% year-over-year, the sharpest increase in eleven months
Tod’s delivers solid performance
The Italian-based luxury brand recorded a 14.3% increase in sales in the first nine months of 2023, as compared to the same period of 2022, with all brands registering double-digit growth
Second call!! Join the 9th 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!
Clarks to cut 103 jobs
The difficult economic conditions and the cost-of-living crisis, which are having a negative impact on the British footwear retailer’s results, are believed to be the cause of these cuts
Allbirds posts decline in revenue
In the process of a strategic transformation plan, the sustainable footwear brand posted a 21.2% decline in revenue in the third quarter of 2023, as compared to the same period of 2022
Value of Pakistan’s footwear exports continues to fall
From July to October, footwear exports declined by about 15% in value, as compared to the same period of last year, mainly driven by the performance of the leather footwear segment
Hermès could consider investing in Italian fashion and shoe suppliers
This willingness was shown by the luxury company’s CFO, Eric du Halgouët, in a call with analysts last month. The goal would be to further integrate its supply chain
Columbia Sportswear names new president for the Sorel brand
The US-based company announced that Cory Long will join Columbia in December as President of the Sorel brand. He succeeds Mark Nenow, who resigned in June for health reasons
Slower demand for luxury impacts Burberry’s full year forecasts
Despite a revenue increase in the first half of its fiscal year, the UK-based luxury group is now less optimistic about its full year forecasts due to a gradual slowdown in luxury demand worldwide
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