News
AMF invests 5 million euros in a new facility
Located in Lousada, in the north of Portugal, the new facility of the Portuguese safety footwear company AMF Safety Shoes will be equipped with innovative technologies in the area of injections
CEC and 18 other business associations call for the ratification of the EU-Mercosur agreement
The 19 business associations have called on the Presidents of the European Commission, the European Council and the European Parliament to swiftly ratify the EU-Mercosur agreement
Gabriela Hearst leaves Chloé
The Richemont-owned luxury fashion house has confirmed that its creative director, Gabriela Hearst, will step down later this year. No reference was made to the creative succession plan
US Retail: distressing times for footwear retail
In an environment of widespread destocking, footwear retail sales have been declining since the start of the year in the US, and despite good news such as a continuous moderation in price increases. The problem remains with the rising consumer price index for all categories, whose decreasing pace is not enough to generate an overall positive impact. Consumers are still attending to more pressing needs, and footwear is not on that list
Clergerie has found a new owner
Clergerie has been acquired by the California-based footwear company Titan Industries. The French-based luxury shoemaker had been placed into receivership on the 29th of March
Burberry expands its global youth empowerment programme
The UK-based luxury group has announced the expansion of its Burberry Inspire youth community programme. The aim is now to support 500 000 young people worldwide in the next three years
H&M announces first half results
The Sweden-based company saw its sales increase in the first half of fiscal 2023, but underlined the negative impacts of high raw materials and freight costs combined with a strong US dollar on results
Nike mocked for the look of recyclable sneakers
The US-based company has been the subject of internet backlash from footwear fanatics over the worn-out aesthetics of its 'ISPA Minbody' sneakers, designed to be easily disassembled
Clarks partners up with Apparel Group
The British footwear label has joined forces with the global fashion and lifestyle conglomerate Apparel Group to expand its retail footprint across the Kingdom of Saudi Arabia
Digital retail channels expected to continue growing
In the latest edition of the World Footwear Business Conditions Survey, we have asked panel members about their expectation regarding the different retail channels for footwear. Get free access to the report and read its main conclusions
Ecco's 2022 earnings remained below pre-pandemic levels
The Danish-based footwear group reported a 30% rise in sales in 2022 over the previous year, but with earnings “considerably below pre-pandemic levels”, it added that results were not satisfactory
Ted Baker cuts 200 jobs
Ted Baker has cut around 200 jobs in its head office workforce. This move comes as the company transitions to an outsourcing model following its acquisition by Authentic Brands Group (ABG)
Nike posts a decline in profits
Despite seeing its revenue grow during the fourth quarter of fiscal 2023, the US-based company posted a 28% decline in net income from the same period of fiscal 2022
Report calls for actions across the whole supply chain to help reduce negative environmental impacts
According to a report by the non-profit financial think tank Planet Tracker, retailers and fashion brands have limited direct control of most negative environmental impacts in the textile industry
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