News
Next edition of the UITIC Congress with open calls for papers
The 21st edition of the International Technical Footwear Congress, which will take place from the 20th to the 22nd of September 2023, in Milan, has opened calls for presentations on sustainability and innovation
Shoe Carnival sales decline
The US-based footwear retailer posted a fourth quarter and annual sales decline in 2022 over the prior year, but profits exceeded pre-pandemic levels
Kering sets new GHG emissions reduction target
The French-based luxury group has announced a commitment to reduce its absolute greenhouse gas emissions (GHG) by 40% by 2035, covering scopes 1, 2 and 3 of the GHG protocol
Foot Locker unveils long-term growth strategy
After announcing its full year and fourth quarter results, in which both sales and earnings declined over fiscal 2021, the US-based retailer introduced its long-term growth plan ‘Lace Up’
Bangladeshi leather exports miss strategic targets set
From July to February 2023, the Asian country's total leather exports totalled 832.4 million US dollars, up by 6.05% year-over-year, but down by 9.98% from the target set for the period
Amazon to cut another 9 000 jobs
The online retail giant announced that will lay off more 9 000 employees in the coming weeks, on top of the previously announced cuts that began in November and extended into January
Brazil and Argentina defend the continuity of the TEC
Both the Brazilian Footwear Industries Association (Abicalçados) and the Footwear Industry Chamber from Argentina (CIC) stressed the importance of the External Tariff of Mercosur (TEC) for the sustainability of the sector
Shoe Carnival appoints new CFO
The footwear retailer appointed Erik Gast to the role of Chief Financial Officer, effective the 24th of April. He will succeed W. Kerry Jackson, who will retire after a 35-year career with the company
Designer Brands announces cautious outlook for fiscal 2023
Following a slower fourth quarter, the North-American company is expecting a decline in earnings and sales for fiscal 2023, accounting for the volatile macroeconomic environment
Lemon Jelly: 10 years sprinkling happiness into our lives
The Portuguese brand celebrated its 10th anniversary with a cocktail party in a private showroom in Milan, where the new collection will be on display for a month. The actress and influencer Olivia Palermo was one of the attendees
Burberry names new CFO
The British label has announced that Kate Ferry, currently Chief Financial Officer of the McLaren Group, will join Burberry by early September 2023 to occupy the same role in the company
Genesco reports a slight decline in sales
The Nashville-based footwear group posted a decrease in net sales of 2% over fiscal 2023, reaching 2.38 billion US dollars, amidst a challenging consumer demand environment
Caleres announces record annual sales
The US-based footwear group reached record annual net sales of 2.97 billion US dollars in 2022, up by 6.9% over the prior year, led by its brand portfolio segment
APLF due to return to Hong Kong
At the last edition of APLF, held from the 13th through the 15th in Dubai, the organization of the event confirmed that the next edition will once again take place in Hong Kong
UK Spring Budget fails to meet retailers expectations
British retail bodies believe the Government could have gone further to support businesses with the Spring Budget. No changes were introduced concerning VAT-free shopping, shopping hours or business rates
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