News
Kering posts mixed first quarter performance
The French-based luxury group posted a 1% year-over-year marginal revenue growth in the first quarter of 2023, with Gucci slightly recovering from a 14% revenue decline in the fourth quarter of 2022
Coach launches sub-brand focused on circularity
Coachtopia, co-created with a growing community of Gen Z members, was built according to circularity principles aiming to push for a transition to a fully circular fashion system
Authentic Brands acquires Vince brand intellectual property
The US-based brand management company has entered into an agreement with Vince Holding Corp to acquire Vince brand intellectual property, expanding this way its luxury portfolio
Reno's Austrian branch also declared bankruptcy
After the shoe retailer Reno filed for bankruptcy in Germany at the end of March, the company's Austrian subsidiary, HR Group GesmbH, decided as well to file for bankruptcy
Brazilian footwear exports slowdown
In March, Brazil's footwear exports declined by 11.4% in volume and by 2.6% in value, as compared to the same month of 2022, reflecting the slowdown of the global economy
Ferragamo reports a weak first quarter
The luxury group reported a 4.0% year-over-year revenue decline in the first quarter of 2023, saying that the release of its new collection has not yet helped the brand’s relaunch
JD Sports appoints first Global Managing Director
The UK-based retailer has appointed Michael Armstrong to the newly-created role of Global Managing Director. He is expected to further help drive the group's growth
Decathlon reports full year sales growth
The French-based sporting goods retailer has announced a net sales increase of 12% in 2022, euros as compared to the previous year, reaching 15.4 billion euros
World Leather Day returns to celebrate the benefits of leather
Due to be held on the 26th of April 2023, the World Leather Day initiative aims once again to promote and encourage a greater understanding of the positive attributes of leather
Repair Rebels: making repairing the new normal for every fashion consumer
We spoke with the founder of the German start-up Repair Rebels, Monika Hauck, who seeks to revolutionize the entire mindset of the fashion industry by reminding us that pieces worth wearing are always worth repairing
Sanjo expands its range into children footwear
The 90th-years old footwear brand expands its offer to children with the launch of “Sanjo Kids”. The first collection features a collaboration with the Portuguese artist Wolf & Rita
Farfetch names new Chief Marketing Officer
The luxury e-tailer has appointed Nick Tran as its new Chief Marketing Officer. He brings to the role his expertise in engaging with Gen Z and Millennial customers at TikTok, Taco Bell, Samsung, and Hulu
LAST CALL!! Join the 8th edition of the World Footwear Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. We want to hear you!
Keds undergoes brand refresh and expands product range
The sneaker brand, owned by Designer Brands, has announced a brand refresh to better express its core values, as well as the release of a new collection inspired by the iconic Keds Champion
Stella International reports a decline in revenue
The Hong Kong-based manufacturer announced that its unaudited consolidated revenue for the first quarter of fiscal 2023 decreased by 25.8%, as compared to the same period of last year
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