News
Burberry announces the appointment of new senior executives
The UK-based label appointed Giorgio Belloli and Delphine Sonder to the newly created roles of Chief Digital, Customer and Innovation Officer and Chief Merchandising Officer, respectively
adidas to merge Canadian and US operations
The German-based sportswear company has confirmed the news by Retailer Insider that it plans to merge both businesses as part of a major organizational change to boost efficiencies
US: footwear prices increases to continue decelerating
According to the FDRA, full year footwear prices were up by 4.6%, as compared to 2021. But a break for consumers might be on the way, with data suggesting a decline in the growth pace
Simona Tanning and Teh Chang Tannery combine forces
The two tanneries have announced a joint venture, which will be called Simona TC Company, to develop their operations in China, Vietnam, and Bangladesh, with focus on the footwear business
Marcelino Sambé stars in the new Portuguese Shoes campaign
The Portuguese ballet dancer Marcelino Sambé, who is part of the Royal Ballet School in London ensemble of artists, is the new ambassador of the Portuguese footwear industry
Berke Içten (Türkiye): we are aiming to reach 5-6 billion USD dollars in exports
Today we bring you the first part of a nice conversation with Berke Içten, Chairman of the Executive Board of the Footwear Industrialists Association of Türkiye. We talked about the Turkish footwear industry, its future, main difficulties, and strengths
Brazilian footwear exports reach over 1.3 billion USD in 2022
According to Abicalçados, last year, Brazil exported 141.9 million pairs of shoes, generating over 1.3 billion USD, up by 14.8% in volume and 45.5% in value, as compared to 2021
Stella International provides update on 2022 results
The Hong-Kong based manufacturer reported an unaudited consolidated revenue increase of about 5.9%, as compared to 2021, but growth slowed down in the last quarter with a revenue decline of 15.4%
Changes at VF Corp's EMEA leadership team
The group announced that Scabbia Guerrini, currently in charge of the EMEA region, will add the APAC region to his responsibilities. New appointments as well at The North Face and Timberland
LVMH announces major executive changes
The French-based luxury group has announced that Pietro Beccari, who has led Dior since 2018, will become CEO of Louis Vuitton, while Delphine Arnault has been appointed to succeed Beccari at Dior
Caleres reiterates fiscal 2022 outlook
The US-based footwear group has confirmed its previous guidance for full year 2022 consolidated sales, adjusted earnings per share and inventory position
Pakistan: tanneries risk closure due to credit issues
Several goods destined for the tanning industry remain detained at the Karachi Port because commercial banks are refusing to collect documents due to the non-availability of dollars
Double-digit increase in turnover for Italian footwear manufacturers
In the first nine months of 2022, Italian shoemakers' turnover increased by 13.9%, year-over-year. But growth is not alike among companies, says Assocalzaturifici, highlighting the rising costs
Crocs announces to be expecting annual revenue growth of 53%
The US-based company reported that is expecting to reach the record revenue of 3.55 billion US dollars in 2022, which would represent an increase of 53%, as compared to the same period of 2021
Stitch Fix cuts 20% of its salaried workforce as CEO steps down
Elizabeth Spaulding is no longer CEO of the US-based personal styling company. Founder and former CEO Katrina Lake has reassumed the position until a successor is appointed
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