News
JD Sports lowers full year outlook amid challenging market conditions
Despite reporting a solid performance in the third quarter, the UK-based sportswear retailer has lowered its full-year profit outlook in light of recent weak macroeconomic and consumer trends
Columbia Sportswear advances succession plans with the appointment of Co-Presidents
Some changes have been made to the leadership team of the US-based company. Peter J. Bragdon and Joseph P. Boyle have been appointed co-presidents, while Tim Boyle will remain Chairman and CEO
Crocs promotes Rupert Campbell to EVP and President of Heydude
Campbell joined Crocs in March 2025 as Senior Vice President and Chief Commercial Officer of the Heydude brand. He has now been promoted to Executive Vice President and President of the brand
Burberry shows signs of recovery
A 2% year-on-year increase in comparable sales in the second quarter of its financial year was reported by the UK-based luxury group. Growth in Greater China also resumed during this period
Wolverine Worldwide taps Justin Cupps as head of its Work Group
The US-based company has appointed Justin Cupps as President of its Work Group. He will oversee the Wolverine, Bates, CAT Footwear, Harley-Davidson Footwear, HyTest and Merrell brands in this role
Yue Yuen announces nine-month results
The Hong Kong-based group reported a 1.1% year-on-year drop in revenue in the first nine months of the year. The positive performance of the manufacturing business was not enough to offset the decline at Pou Sheng
Lavoro aims to take a one-third share of the security and defence market by 2030
The Portuguese company that specialises in the production of professional footwear, has set itself the target of producing and marketing a third of the Portuguese security and defence needs by 2030
Grendene shows resilience amid challenging environment
The parent company of Melissa and Ipanema has reported revenue growth in the year to September, driven by exports and increased prices per pair. However, profitability came under pressure in the third quarter
Allbirds lowers full year outlook
The US-based company has lowered its full year outlook after posting another decline in third quarter revenue. Structural changes and ongoing turnaround efforts are continuing to impact sales
Consumer-to-Consumer and a big shift in work culture: how Nicoline Van Enter (Footwearology) sees AI
During the 22nd UITIC Congress in Shanghai in September, we had the opportunity to speak with Nicoline Van Enter, CEO and founder of Footwearology, who shared some valuable insights about AI with us. Watch the video with the converstation now
Germany Retail: footwear slumps as e-commerce and imports surge
The German retail sector is split in two: the footwear and leather goods market is experiencing one of its worst years, with sales falling by 4.2% year-on-year in the first eight months of the year, while overall retail is growing and e-commerce is booming, fuelled by Asian marketplaces. Complicating matters further, footwear imports have surged in value by 16.9%, defying the decline in domestic sales and raising questions about the country’s trade position. Despite current volatile business conditions and subdued consumer confidence, the industry is cautiously seeking signs of positive change
Hermès takes a minority stake in the Italian cashmere maker Lanificio Colombo
As part of its strategy to strengthen vertical integration, the French luxury group has acquired a 15% stake in the Italian manufacturer of cashmere and other noble fibres Lanificio Colombo
Shoe Carnival changes name to Shoe Station Group
The footwear retailer said that its board of directors unanimously voted in favour of changing its name to Shoe Station Group. This reflects the “winning” performance of the banner acquired in 2021
Coach fuels Tapestry’s growth
The US-based accessible luxury group has got off to a strong start in the 2026 financial year, reporting higher-than-expected revenue and earnings. This was primarily driven by significant growth at Coach
AB Foods weighs split between Primark and food divisions
After reporting a 13% full year adjusted operating profit decline, driven by the weak performance of its sugar unit, Associated British Foods has announced that it is considering splitting its Primark and food divisions
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