News
Bangladesh: leather exports increase in the first quarter
From July to September 2023, Bangladeshi leather exports increased by 20.87%, year-over-year, slightly exceeding the strategic target set for the period (by 6.36%)
LVMH reports steady growth
After recording revenue growth of 28% in the first nine months of 2022, the French-based luxury group said that "growth continues at the same pace". Sales also increased in the third quarter
Golden Goose acquires Italian Fashion Team
The luxury sneakers brand announced that it has bought its top supplier for an undisclosed sum to boost capacity while retaining its commitment to authenticity and sustainability
Gucci appoints new CEO of its Vault and Metaverse Ventures
The luxury House has named Robert Triefus as CEO of Gucci Vault and Metaverse Ventures, the newly created division designed to scale and expand the brand's metaverse and gaming strategies
Portuguese shoes on stage
The stage of D. Maria II National Theatre hosted, in September, the debut of Pedro Penim's play Casa Portuguesa, in which artists wear Portuguese shoes and are dressed by Bèhen's Joana Duarte
Le Coq Sportif shoes to be again manufactured in Argentina
The Argentine company Bicontinentar, which restarted a sports shoe production line in May 2021, in Chivilcoy, announced that it will manufacture footwear for the French brand Le Coc Sportif and open a second line for Under Armour
Brazil: footwear exports through September already exceed 2021's total
In the first nine months of the year, Brazilian footwear exports generated 990.35 million US dollars, surpassing the 900 million US dollars recorded in the full year of 2021
Under Armour announces changes in the leadership team
The Baltimore-based company revealed that David Baxter will assume the role of President of the Americas' region and Mehri Shadman has been appointed Chief Legal Officer and Corporate Secretary
VF Corp cuts full year outlook but outlines long-term growth strategy
The US-based apparel and footwear group revised its outlook for the current fiscal year after lower-than-expected results in the second quarter. It also mapped out a 5-year strategic growth plan
Zalando and Nike strengthen long-term partnership
The German-based online retailer announced a new step in its strategic partnership with Nike with the introduction of a new membership programme in ten European countries
Richard Blume: Sustainability is not going away
Today we share with you a conversation with Richard Blume, Senior Sustainability Strategist at Natural Step. We have talked about leather as a material used by the footwear industry and reflected on the various sustainability topics. Watch the video
Brazilian footwear industry created 40 000 jobs in 2022
Data prepared by the Brazilian Footwear Industries Association (Abicalçados) based on information from the Ministry of Labour and Welfare, indicates that between January and August the footwear industry generated 40 000 jobs
Taipei Fashion Week partners with JOOR Passport
For a third season, the Taiwanese Fashion Designers will be featured in an exclusive event on JOOR Passport’s digital platform
UK Retail: the second quarter might have been the lull before the storm
Despite a 6 percentage points gain in the TCF (Textile, Clothing, & Footwear) Retail Sales Index in the second quarter of 2022, over the prior one, and a positive trajectory in footwear imports, prospects do not look good for retail. Amidst skyrocketing inflation and the worst consumer sentiment since 1974, the footwear consumer can barely afford further price increases, making the retail volume tilted to the downside. With the threat of a recession from the fourth quarter on, the majority of retailers believe that the cost-of-living crisis will be almost twice as damaging as the COVID-19 pandemic
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