News
Genesco lifts full year adjusted earnings outlook on strong holiday sales
The Nashville-based footwear company has increased its full-year adjusted earnings forecast after achieving strong comparable sales during the holiday season
Saks Global files for Chapter 11 protection
Saks Global, the owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has filed for bankruptcy protection while it works to reduce its substantial debt
Expo Riva Schuh and Gardabags attendance stable at 8,000
The Italian trade fair specialising in footwear, bags and accessories, which took place from the 10th to the 13th of January, attracted almost 8,000 visitors, which is comparable to the previous June edition
Majority of EU countries approve the Mercosur trade deal
A qualified majority of EU states have given the green light for the bloc to sign its largest free trade agreement with the South American bloc Mercosur, 25 years after negotiations began
Birkenstock forecasts strong first quarter sales despite external headwinds
Despite the impact of a weaker US dollar, the Germany-based footwear company has reported strong preliminary sales figures for the final months of 2025
Portugal: footwear components target foreign markets
The Portuguese footwear components sector is set to bolster its international presence through initiatives in key markets, including Spain, the United States, France, Italy and the UK
AI has not yet matured sufficiently to meet the specific needs of the industry
This is one of the key findings from the World Footwear Business Conditions Survey, conducted in October and November 2025. We asked our panel of experts to share their views on the impact of AI in the footwear industry. Here’s what they told us
FAIST Voices: meet Atlanta and JPM
Atlanta is a family-owned business specialising in the production of footwear soles. Its main partner, JPM, focuses on providing technology solutions. Together under the FAIST consortium, they are exploring how to replace labour-intensive processes in the footwear sector with technology
Nike quietly offloads its NFT business
The sportswear company finalised the sale of its virtual sneaker subsidiary, RTFKT, to an undisclosed buyer at the end of 2025, quietly marking its exit from the blockchain-based collectibles market
Marubeni strengthens lifestyle brand platform with Jacobson acquisition
As part of a strategic push to develop its scalable lifestyle brand business platform, the Japanese conglomerate Marubeni has acquired the multi-brand footwear owner Jacobson Group Limited
ABF warns on profits as Primark faces tough start to the year
Associated British Foods has revealed that it expects profits to be lower than last year. Primark has had a challenging start to the year, with improvements in UK trading offset by weakness in continental Europe
LVMH reshuffles leadership at Givenchy
Amadine Ohayon is set to take the reins at Givenchy, replacing Alessandro Valenti. Valenti is leaving after just 18 months to take up a senior position at Christian Dior Couture
UK retail sales fall in December as Christmas boost fails
BDO’s latest High Street Sales Tracker shows that discretionary retail sales fell by 1.4% year-on-year in December, representing the weakest monthly performance since November 2024
Two Ten Footwear Foundation appoints new Board Chair and Vice Chair
The US-based charitable foundation has appointed Jonathan Frankel, President of Aldo Product Services, as Board Chair, while Ed Rosenfeld, Chairman and CEO of Steve Madden, now serves as Board Vice Chair
Next raises profit forecast on strong Christmas sales
The UK-based fashion retailer has reported strong and better-than-expected Christmas trading results, prompting it to raise its full-year profit forecast
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