News
Stella International launches three-year growth plan
The footwear manufacturer confirmed its positive 2022 results, while taking the opportunity to launch a three-year plan (2023 – 2025) that focuses on growth and margin expansion
UK retail sales volume rose in February despite an unexpected inflation hike
Retail sales volume is estimated to have grown by 1.2% last month, following a rise of 0.9% in January 2023. When compared with the same month a year earlier, sales volumes fell by 3.5%
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First black-owned US footwear factory opens its doors
The North American company Designer Brands inaugurated, along with the Pensole Lewis College of Business & Design, the first black-owned footwear factory in the US, called 'JEMS by Pensole'
Yue Yuen warns on cloudy short term outlook
Despite reporting revenue and earnings growth over 2022, the group highlighted that the demand for footwear remains cloudy in the short term due to the many global headwinds impacting the business
New Generation: meet Alexandre Pimenta from Solpré
Alexandre Pimenta represents the second generation at the helm of the Portuguese company Solpré, which specializes in the production and commercialization of soles. Sustainability is the keyword for the future, he says
Nike reports sales increase
As it continues to clear out its excess inventory, the US-based sportswear giant reported that its revenue increased by 14% in the third quarter of fiscal 2023, year-over-year
Wolverine Worldwide appoints new Chairman
The US-based company announced that its Chairman Blake Krueger will be retiring from the Board after 30 years with the company, being succeeded by Tom Long, the Board's Lead Independent Director
Japan retail: unlocking consumer confidence is key for retail
The volume of footwear imports closed 2022 about 10 percentage points below the 2015 baseline, suggesting that the impact of the imported inflation on prices has been clouding the real performance of retail sales in the category. Both the government and some companies have offered inflation allowances or anti-inflation subsidies, but given the saving Japanese mindset, it can be expected that any additional disposable income will not necessarily be used for discretionary shopping, such as clothing and footwear. To boost consumption, it is therefore needed to unlock consumer confidence, which improved only marginally In February, and appears now to be flattening
Scholl teams up with denim brand Re/Done
The footwear brand has teamed up with the Californian-based brand Re/Done on a limited-edition footwear capsule collection for the spring/summer 23 that reimagines the iconic Pescura sandal
Next edition of the UITIC Congress with open calls for papers
The 21st edition of the International Technical Footwear Congress, which will take place from the 20th to the 22nd of September 2023, in Milan, has opened calls for presentations on sustainability and innovation
Shoe Carnival sales decline
The US-based footwear retailer posted a fourth quarter and annual sales decline in 2022 over the prior year, but profits exceeded pre-pandemic levels
Kering sets new GHG emissions reduction target
The French-based luxury group has announced a commitment to reduce its absolute greenhouse gas emissions (GHG) by 40% by 2035, covering scopes 1, 2 and 3 of the GHG protocol
Foot Locker unveils long-term growth strategy
After announcing its full year and fourth quarter results, in which both sales and earnings declined over fiscal 2021, the US-based retailer introduced its long-term growth plan ‘Lace Up’
Bangladeshi leather exports miss strategic targets set
From July to February 2023, the Asian country's total leather exports totalled 832.4 million US dollars, up by 6.05% year-over-year, but down by 9.98% from the target set for the period
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