News
Is your company producing green goods in an eco-friendly way? - LAST CALL
This is the final opportunity to participate in the survey run by the LIFE GreenShoes4All project. The questionnaire is aimed to assess the current situation in order to define future strategies to be implemented in companies
Wolverine Worldwide posts revenue growth but below expectations
The company reported a revenue increase in the third quarter of 2022, but failed to meet its revenue and earnings expectations as the macroeconomic conditions continued to worsen
Sanjo launches sneaker inspired by the God of War Ragnarök game series
The Portuguese brand has launched a sneaker inspired by the God of War Ragnarök game series, marking the release of the new game on PlayStation 5 and PlayStation 4 on the 9th of November
Interview with Julia Guzenko (Giardini) from Ukraine
Our newest interview is with Julia Guzenko, owner of chain store Giardini, based in Ukraine. We have talked to Julia about the conditions of working in war time. Watch the video
Capri Holdings announces second quarter results
The fashion group, owner of Versace, Michael Kors and Jimmy Choo, reported revenue growth of 8.6% in the second quarter of fiscal 2023, driven by good performances of its three houses
Clarks recalls shoes over toxic chemical hazard
The British company has issued a global safety recall of eight styles of the Breeze and Brinkley women's shoes after learning about excess levels of chemicals that can be toxic for the wearers
HalfPrice with an EBITDA margin of 12.6%
The Polish-based group CCC posted results for the third quarter of 2022, underlining that the HalfPrice business delivered operating profitability just a year and a half from its inception
Ferragamo continues to grow
The Italian-based luxury group posted a revenue increase of 17.2% and a net profit growth of 69.2% in the first nine months of the year, as compared to the same period of 2021
Asics ventures into the Web3 commerce
The physical running shoes in the ASICS x Solana UI Collection can only be purchased with digital currency. The company said to be showing the future of Web3 commerce with this move
Under Armour lowers full year outlook
The Baltimore-based company has slightly lowered its fiscal 2023 guidance despite reporting second quarter results in line with expectations. Footwear segment was the only one to grow
Amazon rebounds
The Seattle-based online retail giant returned to profitability in the third quarter of the current year, but it is preparing for a slower last quarter, most likely due to a weaker consumer demand
Gulden officially appointed adidas new CEO
The German-based company appointed the ex-Chief of Puma, Bjørn Gulden, to the role of Chief Executive Officer, effective from the 1st of January 2023
US Retail: not all news are bad for retail
The available data suggests that retailers made sure to fill up their stocks this year, most likely causing supply to outstrip demand. But while demand may have slowed down, mainly due to high inflation, spending has not ceased, and retailers are expected to increase their promotions through the end of the year to dispose of marked-down excess inventory. Consumer confidence indicators are somewhat mixed, but it is safe to assume that, at least, it has stopped bleeding. In fact, the contrast with European consumers is clear, showing that US shoppers are less sensitive to the geopolitical risks concerning the ongoing war in Ukraine. Meanwhile, though slowly, footwear prices increases are starting to decelerate
Zalando focuses on profitability
The e-tailer posted growth in the third quarter of 2022 amid a challenging macro-environment, underlining its focus on improving profitability. Active customers base exceeded 50 million this year
Brazilian footwear components exports grow by 22%
Exports of yellow-green footwear components generated 331.9 million USD in the first nine months of 2022, reflecting higher demand from Latin American countries, which are seeking options to China
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