News
ACLE returned to Shanghai to inject optimism into the leather industry
After a four-year absence, the All China Leather Exhibition (ACLE) returned to Shanghai at the end of August to fuel some optimism in the midst of a difficult time for the Chinese leather industry
Wolverine Worldwide sells US Leathers and Hush Puppies IP in Greater China
The company announced that its US Leathers business has been sold to New Balance and that Hush Puppies' intellectual property in Greater China will be sold to its current sublicense in the region
President of Journeys to retire in February 2024
After working at Genesco for 44 years, Mario Gallione, who became President of Journeys in 2017, will step down from his role in February 2024. Search for a successor is already underway
361 Degrees posts double-digit revenue growth
The Chinese-based activewear company recorded an 18% revenue increase in the first semester of the year, as compared to the same period in 2022, driven by a boost in domestic consumption
Schuh's performance stands out in the second quarter
Against a difficult operating environment, Genesco emphasised the second quarter 21% sales growth at Schuh, as compared to the prior year, which helped offset Journey's continued declining performance
UK: footfall declined over Summer holidays
According to the data from British Retail Consortium Sensormatic IQ, footfall decreased by 1.6% in August, after rising by 1.8% in July, as compared to the same month of 2022
Children's footwear start-up Jbrds Secures 500 000 USD in funding
The Baltimore-based start-up has secured 500 00 US dollars in an initial funding round. Although its financial backers are not known, the company is now valued at 5 million US dollars
Changes at Uniqlo's leadership team
Fast Retailing has announced the appointment of its Founder Tadashi Yanai as CEO of Uniqlo. Meanwhile, Board Director Daisuke Tsukagoshi will serve as the retailer's COO
Another round of lay-offs at Pou Chen in Vietnam
The Baoyuan Vietnam shoe factory, which is run by Yue Yuen, a subsidiary of Pou Chen Corp, has laid off 1 221 people at the end of August. Since the beginning of 2023, around 10 000 jobs have been cut
Asia recorded the highest increase in footwear imports in 2022
Footwear imports by the Asian continent increased by 23.9% last year, raising its share of the global total to 26.7%. Asia is now the second most import destination for footwear
Alessio Vannetti is the new Chief Brand Officer of Gucci
The changes continue at Gucci. The Italian luxury brand has announced the return of Alessio Vannetti as Executive Vice President and Chief Brand Officer as of today
Caleres reiterates its guidance for fiscal 2023 despite falling sales and profits
The US-based company reiterated its full year outlook, after posting a “strong” consolidated operating margin and better-than-expected adjusted earnings per share in the second quarter
Lana Del Rey indulges in Portuguese footwear
The international artist was seen wearing a pair of Lemon Jelly shoes at the wedding of actress Margaret Qualley and singer and producer Jack Antonoff
Puma names Javier Ortega General Manager for Europe
The German-based sportswear company has announced that Javier Ortega, who has been with Puma since 2009, will be its General Manager for Europe as of today
Grendene's sales decline in the second quarter
Despite posting a weak second quarter performance in 2023, the Brazilian owner of the Melissa and Ipanema brands is pleased with its first half and confident for the remaining year
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