News
Double-digit increase in turnover for Italian footwear manufacturers
In the first nine months of 2022, Italian shoemakers' turnover increased by 13.9%, year-over-year. But growth is not alike among companies, says Assocalzaturifici, highlighting the rising costs
Crocs announces to be expecting annual revenue growth of 53%
The US-based company reported that is expecting to reach the record revenue of 3.55 billion US dollars in 2022, which would represent an increase of 53%, as compared to the same period of 2021
Stitch Fix cuts 20% of its salaried workforce as CEO steps down
Elizabeth Spaulding is no longer CEO of the US-based personal styling company. Founder and former CEO Katrina Lake has reassumed the position until a successor is appointed
Polish companies attend Expo Riva Schuh with a collective pavilion for the first time
The Polish Chamber of Shoe and Leather Industry is taking 8 companies to attend the Riva del Garda trade fair. A pavilion dedicated to the Polish industry will be presented for the first time
Maria Vittoria Brustia (Assomac): after COVID-19 customers have higher expectations regarding sustainability
Today we are happy to share an interview with Maria Vittoria Brustia, President of Assomac, the National Association of Italian Manufacturers of Footwear, LeatherGoods and Tanning Technologies. Assomac is the organizer of the Simac Tanning Tech trade fair
DSW President Doug Howe named CEO of Designer Brands
The North-American company has announced that Doug Howe will succeed Roger Rawlins as the company's Chief Executive Officer from the 1st of April 2023 on
Vapesol obtains a new environmental certification
The Portuguese sole manufacturer has obtained the RCS (Recycled Claim Standard) certification for its soles and renewed the GRS (Global Recycled Standard) certification for several of its products
Amazon to lay off just over 18 000 people
The Seattle-based online retailer giant has announced that it will cut more than 18 000 jobs across stores and in People, Experience, and Technology (PXT) groups
Dune London expands retail footprint worldwide
With international sales representing 26% of its total revenue, the British footwear and accessories brand is planning to expand its presence across the Middle East, Asia, and the Americas
DC Shoes co-founder dies at 55 in snowmobile accident
Ken Block, the co-founder of DC Shoes and founder of the Hoonigan motor racing team, died in a snowmobile accident near his home in Utah on the 2nd of January, aged 55
Colombian footwear industry struggles with labour shortage
2022 was a good year for the Colombian footwear industry, says ACICAM. But rising costs and, especially, the labour shortage might slow down production in 2023
AAFA applauds nine-month extension of tariff exemption
The American Apparel & Footwear Association (AAFA) praised the Biden administration's decision of extending exclusions for many of the tariffs imposed by the Trump administration on Chinese imports
Caution rises as we step into 2023
Following the slump caused by the COVID-19 pandemic, in 2021, most fashion brands and retailers equalled or even exceeded their pre-pandemic performances. But 2022 will hardly be a forgettable year: the world’s inflation hit levels not seen since the early 80s, leading to a sharp hike in interest rates, Russia’s ceased to be a viable market for Western brands after its invasion of Ukraine on the 24th of February, and China’s economy slowed down due to the country’s zero COVID-19 policy. And yet, despite the worst projections, for the better part of the year, the fashion industry prevailed. Nevertheless, as we enter 2023 with a global recession still on the table, it is worth looking into the year-to-date results of some of the largest companies worldwide to understand the current situation
British Retail Consortium forecasts low retail sales growth for 2023
According to the British Retail Consortium (BRC), UK retail sales will grow between 2.3% to 3.5% in 2023, with the pace somewhat picking up in the second half of the year
adidas opens first-ever Terrex store in Canada
The company has opened its first Canadian Terrex store in the outdoor hub of Vancouver, Kitsilano, offering access to the full line of its outdoor-specific brand's high-end outdoor gear
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