News
Brazil: employment in the footwear industry decelerates
Despite a growth of 12% in employment in the footwear industry in the first ten months of 2022, data from the Ministry of Labour and Social Security suggests a slowdown in job creation from October
French luxury segment in need of specialized artisans
There are at least 20 000 vacancies for specialized workers in the French luxury segment, said the association that represents about a hundred luxury houses in the country
VF Corp lowers full year outlook
The US-based footwear group took up the opportunity of announcing the CEO transition to report that has cut again its full year outlook due to weaker consumer demand mainly in North America
Bata launches shoe collection made with recycled plastic bottles
The footwear group has introduced the latest collection from its Power brand. Dubbed Love Ocean, it highlights Bata’s concerns about plastic waste polluting the oceans
Andrea Guerra appointed CEO of the Prada group
The luxury group announced that the former CEO of Luxottica and LVMH's hospitality unit, Andrea Guerra, will be proposed as CEO at the next board meeting on the 26th of January 2023
VF Corp names Interim CEO as Steve Rendle steps down
The US-based footwear announced that Benno Dorer, Lead Independent Director of the VF Board of Directors, has been appointed Interim President and CEO, following Steve Rendle's decision to retire
Cyber Monday sales hit record 11.3 billion USD
According to Adobe Analytics, this record was driven by demand despite ongoing inflation felt in the US. Discounts and excess of stock were key to this outcome
Genesco cuts again full year outlook
The Nashville-based footwear group, which posted a third quarter net sales growth of 1% year-over-year, lowered again its annual outlook amid higher industry-wide promotional activity and cost pressures
H&M to lay off 1 500 people
The Sweden-based fast fashion company announced that it will cut around 1 500 jobs from its workforce as part of a global cost and efficiency programme recently initiated
MICAM on the road in December
The international footwear trade show is holding three teaser events in Berlin, Seoul, and Brussels in December to anticipate the upcoming edition scheduled for February 2023
Portuguese footwear industry to invest 600 million euros in the next 8 years
The Portuguese Footwear, Components, Leather Goods Manufacturers' Association (APICCAPS) has unveiled the new Strategic Plan of the Footwear Cluster 2030, setting in motion another decade of growth
Consumption stagnation, price increases, and drop in employment expected for 2023
This is the main outcome of the most recent edition of the World Footwear Business Conditions Survey, conducted in November. Today we bring you a summary of some of the main conclusions
Luxury concerned over new COVID-19 surge in China
The Asian giant tightened its COVID-19 restrictions last week due to a spike in new COVID-19 cases. This has raised concern about a further slowdown in the country's luxury market
Designer Brands announces third quarter results
The North-American company posted net sales of 865.0 million USD in the third quarter of 2022, with sales of owned brands representing 26.5% of the total, as compared to 21.5% in the same period of last year
Spanish Camper launches Wabi slipper made with regenerative wool
The Mallorca-based footwear company teamed up with a local material supplier to recreate the 22-years old Wabi slipper model using regenerative wool locally sourced and processed on the island
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