News
Gap to cut about 1 800 jobs
The US-based apparel company will lay off about 1 800 jobs to streamline operations and cut costs, thus joining the list of US companies that have been downsizing over the past months
UK-listed retailers' profit warnings fall to the lowest quarterly total since 2020
In the first quarter of 2023, UK-listed retailers' profit warnings fell to the lowest quarterly total since 2020, but “persistent inflation, high-interest rates and tightening consumer spending” continue to challenge the sector
Zalando launches virtual fitting room pilot
The German-based e-tailer is piloting a virtual fitting room experience with millions of customers across its 25 markets to better understand how they engage with this new technology
Primark posts strong first half
The fashion retailer, owned by Associated British Foods, reported that in the 24 weeks to March 2023, its revenue increased by 19%, as compared to the same period last year
Kohl's extends partnership with adaptive brand Billy Footwear
The US-based retailer has announced the extension of the partnership with the adaptive footwear brand Billy Footwear with the aim of broadening its offering of adaptive fashion
Skechers announces first quarter results
The US-based footwear company has reported record sales of 2.00 billion US dollars in the first quarter of 2023, up by 10% as compared to the same period of the previous year
JD Sports appoints two non-executive directors
The UK-based retailer has announced that Angela Luger and Darren Shapland will become the newest company's non-executive directors, effective as of the 1st of June
Pölking goes bankrupt
The footwear wholesaler has filed for bankruptcy due to the ongoing impact of the COVID-19 pandemic, joining the list of companies caught in a crisis in the German footwear sector
AYSAF kicks off in high spirits
The organization of the 68th edition of the International Exhibition for Footwear Materials, Components, Leather and Technologies AYSAF is expecting to welcome over 15 000 sector professionals from 80 countries
Puma reports solid performance
The German-based sportswear company posted double-digit growth of 14.4% in the first quarter of 2023, year-over-year, with a noteworthy performance of its direct-to-consumer channel
New Generation: meet Tiago Pereira from Algori
With a degree in Management and a post-graduation in Logistics, Tiago Pereira has been working for seven years in the family company Albano Pereira, which recently launched a new sports footwear brand, Algori
Hoka launches first-ever collection for children
The Deckers Brands division has launched its first children's footwear collection. With kid-centric features, the Youth collection was inspired by three of Hoka's most iconic styles
Amazon posts profit in the first quarter
The Seattle-based online retail giant reported a first quarter 2023 net income of 3.2 billion US dollars, as compared to a net loss of 3.8 billion US dollars in the same period last year
Michael Jordan's sneakers sold for a record 2.2 million USD
The pair of sneakers worn by the athlete in the 1998 NBA Finals was sold last month for 2.2 million USD, setting a new world record for the most expensive pair of shoes ever purchased
Crocs raises full year guidance
The US-based footwear company has raised its full year outlook as a result of a 34% revenue growth in the first quarter of 2023, as compared to the same period last year
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