News
Portuguese footwear exports with best performance ever in the first half
In the first semester of 2022, Portuguese footwear exports increased by 22% and 27.5% in volume and value, respectively, year-over-year, resulting in the best performance ever recorded in foreign markets
Louis Vuitton launches sustainable sneaker
The French luxury Maison, owned by LVMH, released a new unisex version of the LV trainer made from 90% recycled and organic materials, designed by its late creative director Virgil Abloh
Spanish footwear exports surpass pre-pandemic levels
Despite difficulties experienced in China and the impact of the ongoing war in Ukraine, the country's footwear exports recovered to pre-pandemic levels in the first five months of 2022
Nicaragua: leather shortage causes footwear prices to soar by up to 80%
The Nicaraguan Chamber of Leather and Footwear reported that footwear prices rose by 40% at the beginning of the year and another similar increase is in the pipeline, resulting in an 80% price increase for a pair of leather shoes
Genesco lowers full year outlook
As Journeys failed to meet expectations in the second quarter of fiscal 2023, and in light of the current impact inflation is having on consumer spending, the company lowered its guidance for the full year
Brazilian footwear exports continue to grow
In the first seven months of 2022, Brazilian footwear exports grew by 64.8% and 31.8% in value and volume, respectively, year-over-year. In addition to the US, Latin-America markets have been decisive in this outcome
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Farfetch posts GMV and revenue growth
Following the acquisition of a 47.5% stake in YOOX Net-A-Porter (YNAP), part of Richemont's group, the luxury online retailer announced results for the second quarter of fiscal 2022
adidas CEO to unexpectedly step down in 2023
The German-based sportswear giant announced that CEO Kasper Rorsted will step down next year, before his contract is due to run out, and that it is already searching for a successor
Burberry obtains SBTi approval for net-zero emissions target
The UK-based group, which is set on reaching net-zero emissions by 2040 by reducing them across operations and the supply chain, is the first luxury company to receive this approval
Caleres reports strong performance
The US-based footwear group posted record consolidated net sales and earnings in the second quarter of fiscal 2022, raising its sales outlook for the full year
Is your company producing green goods in an eco-friendly way?
The LIFE GreenShoes4All project partners are promoting a survey to assess the current situation regarding these topics in order to define future strategies to be implemented in companies
Tapestry posts record yearly revenue
Despite reporting a weak fourth quarter, the owner of Coach, Kate Spade and Stuart Weitzman posted a record revenue of 6.7 billion US dollars over fiscal 2022, exceeding pre-pandemic levels
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