News
ANWR and Sabu team up to strengthen German footwear retail
Footwear buying group ANWR and shoe retail cooperative Sabu have joined forces to ensure the future viability of its members. Emphasis will be placed on revitalising the retail landscape and developing the workforce
Shoe Carnival lowers full year guidance
Despite seeing an improvement over the first quarter of 2023, the US-based retailer still posted a year-on-year decline in net sales and profits in the second quarter, thus reducing its full year outlook
AAFA supports California bill on greenhouse gas emissions
The bill proposes that companies with more than 1 billion US dollars in gross revenue doing business in the state of California must annually and publicly disclose their greenhouse gas emissions
Foot Locker further reduces its full year outlook
As its total sales fell for the second consecutive quarter in the three months to the end of June due to continued weak demand, the US-based retailer lowered again its full year outlook
ABG announces partnership to grow Hunter Boots in China and Southeast Asia
Authentic Brands Group has entered a joint venture with the Shanghai-based provider of brand management solutions Baozun to grow the Hunter brand in China and Southeast Asia
Stella Holdings' profitability improved in the first semester
The Hong Kong-based manufacturer reported that has seen an improvement in profitability during the first half of 2023 driven by strong customer demand for luxury, fashion and sports products
Is footwear re-shoring a myth?
With the geographical distribution of footwear production remaining relatively unchanged over the past decade, is re-shoring a myth or can we find its evidence in the numbers?
Farfetch remains optimistic despite stumbles in the second quarter
The UK-based luxury platform posted a small drop in revenue in the second quarter of 2023, as compared to the same period of 2022, while profits remain in the red zone since the first quarter
Amazon reports solid second quarter
After a strong first quarter, the Seattle-based online retail giant continued its positive trajectory, once again reporting net sales and profit growth in the second quarter of 2023
VF Corp appoints Chief People Officer
The US-based footwear group announced that Brent Hyder has been appointed as Chief People Office, effective from the 5th of September
Yue Yuen posts revenue and profits decline
The Hong Kong-based footwear group announced that this year's first half revenue declined by 11.8% year-over-year, while the profit attributable to its owners fell by 52.2% year-over-year
High stock levels weigh on Alpargatas' overall performance
The owner of Havaianas and Rothy's posted a revenue and profits decline in the first half of 2023 due to high inventory levels, as well as inefficiencies in its overall operation
Britain loses 6 000 retail stores in 5 years
New estimates from the British Retail Consortium (BRC) indicate that 6 000 storefronts were lost in the country in five years. The rise in the cost of living has led to short confidence amongst consumers and less spending, experts point out
Vivobarefoot launches trial 3D footwear try-on platform
The brand launched a trial platform for creating tailored, circular and locally assembled footwear using AI-assisted 3D foot scans and is looking for 200 Britons to test the first-generation products
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