News
Decathlon launches buyback service in all its UK stores
The sporting goods retailer is expanding its buyback service to all its UK stores. Customers will be given in-store credit for returning products they may have outgrown or no longer use
National footwear support programme approved in Argentina
A bill proposing the creation of a promotion scheme for the footwear industry was approved by the Lower House, with 127 votes in favour, passing on to the Senate
Meet the speakers of the upcoming Word Footwear Congress
As the World Footwear Congress draws closer, we give you some more details about the speakers, who will be debating new business solutions, sustainability and circularity, and the future of labour
New Generation: meet Hélder Santos from Comforsyst
With a degree in architecture, Hélder Santos began his career in the family business, the Portuguese footwear manufacturer Comforsyst, 11 years ago. His aesthetic vision and creative process methodology were essential to the identity he created for the Softwaves brand
Hermès reports solid performance
From January to September 2023, the French-based luxury group’s revenue reached 10.1 billion euros, increasing from the 8.6 billion euros recorded in the same period of last year
UK Retail: stabilisation of the footwear trade is the best we can hope for at the moment
The bad weather in July and August may not have helped retail over the summer, but it would be ill-advised to believe that’s what it’s all about. Despite some improvements in the general consumer price index, the footwear segment continues to show some resistance to going along with the trend. Inflation will have to continue to fall in order to contribute to sustained sales growth in the future, as most consumers have too much on their plate to spend on non-discretionary items. The only positive sign comes from imports, whose data seems to indicate that at least a stabilisation in retail trade is on the horizon
Amazon to expand drone deliveries to the UK and Italy
The Seattle-based online retail giant announced the expansion of the Prime Air drone delivery system to customers in Italy and the UK by the end of 2024. A third US city will also be covered
South Africa calls for more economic cooperation with Namibia
South African’s President Cyril Ramaphosa has urged business leaders from both countries to further develop cross-border value chains in key areas such as leather to boost their economic development
Kering posts revenue decline
The French-based luxury group posted a 13% revenue decline in the third quarter of 2023, as compared to the same period of last year, due to weak performances at all of its main Houses
Steve Madden enhances its apparel platform with the acquisition of Almost Famous
The New York-based designer and marketer of fashion footwear, accessories and apparel announced the acquisition of the apparel company Almost Famous for 52 million US dollars
VF Corp appoints former Nike President Trevor Edwards to its Board of Directors
The parent company of brands such as Timberland and Vans has announced the appointment of the former President of Nike Trevor Edwards to its Board of Directors
Demand for premium styles offsets the decline in Stella’s shipment volumes
The Hong Kong-based group posted its third quarter and nine months results, emphasising that the decline in shipment volumes was partially offset by an increase in average selling prices
Partnership between Richemont and Farfetch receives antitrust clearance
The European Commission (EC) has “unconditionally” approved Farfetch’s acquisition of a 47.5% stake in Yoox Net-a-Porter. The EC was the last regulatory authority required to give authorisation
UK retail sales fell more than expected in September
According to the Office for National Statistics (ONS), UK retail sales saw a bigger-than-expected decline in September, due to unusually warm weather and the pressures of rising living costs
Inditex teams up with Maersk to reduce its maritime transport emissions
The fashion group has partnered with the freight group Maersk to reduce its GHG emissions from maritime logistics by incorporating alternative fuels into all its inbound routes with the carrier
Ferragamo posts net sales decline
In the first nine months of 2023, the luxury group posted a net sales decline of 8.3% at current exchange rates or 9.2% at constant exchange rates, as compared to the same period of 2022
APICCAPS launches campaign to promote leather goods abroad
The know-how accumulated over generations and the constant commitment to professional qualification appear to be the competitive trump cards of the Portuguese leather goods sector, which, in 2022, saw its exports grow by 39%
Colombian leather exports continue to fall
According to the Colombian Ministry of Commerce, Industry and Tourism (MinCIT), leather exports declined at an average annual rate of 8.5% from 2015 to 2022
World Shoe opens footwear factory in Ghana to support health goals
The Nigerian social enterprise has opened its first facility in Ghana to produce the first brand of antimicrobial and ecological footwear made in Africa. It forecasts to manufacture five million shoes a year
Germany Retail: retailers’ troubles are far from over
Confidence indicators are a red flag for retail at the moment, especially on the retailers’ side. The slow decline in inflation is likely to have a negative impact on consumer prices in the clothing and footwear segment, which will undoubtedly continue to limit consumers’ purchasing power; even the fall in import prices is not entirely positive news, as it will take time to translate into reality. Only the online channel seems to be more optimistic about the times ahead
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