News
Denis Falardeau (Shoe Manufacturers Association of Canada): I am very optimistic for 2023
We spoke with Denis Falardeau, President of the Shoe Manufacturers Association of Canada, to better understand the trajectory of the Canadian footwear industry, the recent transformations in the country’s retail and why the industry is well-positioned for the future
Brazilian footwear exports slow down
The country's footwear exports decelerated for the second consecutive time in October, mainly due to the slowdown in the world's economy. Results for the first 10 months are still positive
Yeezy's partnership termination might impact adidas full year earnings
The German-based giant reduced again its yearly outlook due to the termination of the Yeezy partnership last month over hate speech by its creator, Kanye West, who now goes by Ye
Rocky Brands posts sales growth
The Ohio-based company reported a net sales increase of 17.5% in the third quarter of 2022, as compared to the same period of last year, amidst an escalation of macroeconomic headwinds
LVMH joins the Circular Bioeconomy Alliance
The luxury group will be supporting the Circular Bioeconomy Alliance's Living Lab in Chad, which is developing a sustainable cotton production under a regenerative agroforestry system
Yue Yuen revenue increases
The group posted an 8.2% revenue growth in the first nine months of 2022, year-over-year, with the solid performance of the manufacturing business being partially offset by weak retail sales in Mainland China
Japan Retail: apparel and footwear retail will hardly remain safe amidst such troubling waters
The further easing of COVID-19 border control measures brought tourists back to the stores, but the anticipated consumption-led recovery is being curbed by the high wholesale inflation, as the weak yen is inflating the costs of imports. On the other end, if the yen depreciation is fostering exports, the fear of a global economic slowdown is a bearer of bad news. Both the Apparel & Accessories Retail and the Consumer Confidence indicator are currently trending down, and not to increase prices is no longer an option. As for online commerce, now that the pandemic boosting effect is over, the competitiveness between this channel and physical retail is at stake, however, it is yet soon to claim a winner
World's largest duty-free shopping complex opens in Hainan
Regarded as the world's largest duty-free facility, the Haikou International Duty-Free City Shopping Complex, located in the province of Hainan, China, is now open to the public
Tapestry announces first quarter results
The owner of Coach, Kate Spade and Stuart Weitzman posted net sales growth of 2% in the first quarter of fiscal 2023, year-over-year, lowering its previous guidance for the full year
Is your company producing green goods in an eco-friendly way? - LAST CALL
This is the final opportunity to participate in the survey run by the LIFE GreenShoes4All project. The questionnaire is aimed to assess the current situation in order to define future strategies to be implemented in companies
Wolverine Worldwide posts revenue growth but below expectations
The company reported a revenue increase in the third quarter of 2022, but failed to meet its revenue and earnings expectations as the macroeconomic conditions continued to worsen
Sanjo launches sneaker inspired by the God of War Ragnarök game series
The Portuguese brand has launched a sneaker inspired by the God of War Ragnarök game series, marking the release of the new game on PlayStation 5 and PlayStation 4 on the 9th of November
Interview with Julia Guzenko (Giardini) from Ukraine
Our newest interview is with Julia Guzenko, owner of chain store Giardini, based in Ukraine. We have talked to Julia about the conditions of working in war time. Watch the video
Capri Holdings announces second quarter results
The fashion group, owner of Versace, Michael Kors and Jimmy Choo, reported revenue growth of 8.6% in the second quarter of fiscal 2023, driven by good performances of its three houses
Clarks recalls shoes over toxic chemical hazard
The British company has issued a global safety recall of eight styles of the Breeze and Brinkley women's shoes after learning about excess levels of chemicals that can be toxic for the wearers
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