News
France Retail: the retail boat is sitting on the water waiting for the wind to pick up
After a somewhat mixed performance over the summer, highly impacted by short-lived events such as the postponement of sales due to the riots or August’s heatwave, some signs suggest that retail in France could improve next year. Consumers seem to be less pessimistic about rising prices and their personal financial situation. But it all comes down to the trajectory of inflation, and whether food and energy prices will effectively ease until the end of the year
LVMH's Métiers d’Art acquires Spanish tannery Grupo Verdeveleno
The LVMH subsidiary designed to preserve the group's expertise in luxury raw materials and craftsmanship has acquired the Grupo Verdeveleno, a Spanish tannery specialising in exotic skins
Dr Martens to launch a pilot shoe repair service in the UK
The iconic British footwear brand has plans to launch a shoe repair service in the UK next month, with a view to later expanding the service to continental Europe
UITIC Congress ends on a positive note
The 21st edition of the UITIC Congress ended last week on a positive note, calling on companies to pursue digital transformation to be more innovative and sustainable. Sergio Dulio replaced Yves Morin as President of UITIC
Argentine footwear production increased by 14.5% in July
The production of footwear and its components in Argentina grew by 14.5% in July and 3% in the first seven months of 2023, as compared to the same period of last year
H&M profits rise in the third quarter
Despite the slowdown in sales during the third quarter, the Sweden-based fashion group saw its profits rise significantly in the period to 3.32 billion Swedish Krona (285.9 million euros)
Simac Tanning Tech returns to pre-pandemic levels
Final figures confirm a return to pre-pandemic levels, with a 37% increase in buyers and a 14% increase in exhibitors, as compared to the September 2022 edition, says the organisation
APLF ASEAN brings the leather industry together to explore the region's potential
APLF ASEAN will return for a second edition from the 25th to the 27th of October 2023, at the Bangkok National Convention Centre, under the motto “ASEAN in Action”
Leder & Schuh on growing mode
The Austrian-based footwear retailer posted a 25% increase in revenue in 2022, as compared to the previous year, and added that sales have continued to grow so far this year
First black-owned shoe factory in the US launches its first sneaker
Designer Brands and Pensole Lewis College of Business & Design have unveiled the first product to roll out from their JEMS by Pensole factory, the first Black-owned footwear factory in the US
Nordstrom expands its Board of Directors
The Seattle-based department store chain has appointed Guy B. Persaud to its Board of Directors, thus expanding this organizational structure to 12 members
Lineapelle closes with an increased number of buyers
The most recent edition of Lineapelle saw a 25% increase in the number of buyers present, as compared to the September 2022 edition, confirming the “reassuring return” of Asia
New business models for brands and retailers: what strategies are available for footwear?
Just released! A new paper dedicated to some of the new tools grabbing the attention of businesses and how they can be applied to the footwear industry
Zara expands its pre-owned platform to France
After a successful rollout in the UK in October 2022, the fashion chain owned by the Spanish-based Inditex group has expanded its second-hand platform in France
Rising imports worry the Brazilian footwear industry
In August, Brazilian footwear imports grew by 62% in volume and 42% in value, on a comparable basis to the same month of 2022. Asia already accounts for 85% of the total, says Abicalçados
Birkenstock's new shoe factory starts up
The German footwear company announced that its new facility located near Pasewalk, in Northeast Germany, has started operating according to schedule, just 17 months into the construction period
JD Sports on track to meet full year profit outlook
The UK-based retailer reported in its interim results a strong first half performance, with a 12% year-over-over growth in organic sales, saying it's on track to achieve its full year profit outlook
Visitors to Milan's trade fairs rose by 21%
Between the 17th to the 20th, MICAM and its sisters' fairs were visited by 42 273 people, up by 21% on the September 2022 edition. The organisation highlights the increase in foreign buyers
Pakistan: footwear exports decline in value at the start of the year
According to the Pakistan Bureau of Statistics (PBS), footwear exports from July and August decreased by 12.75% year-on-year, mainly due to the drop recorded in the leather footwear segment
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