News
German online footwear sales declined by 16.6% in 2022
With consumer spending taking a hit due to the war in Ukraine, online sales fell by 8.8% in 2022, year-over-year. But the footwear sector was the most affected, says BEVH
Wolverine Worldwide posts profit loss
Despite a sales growth, the Michigan-based company reported a fourth quarter and full year 2022 profit loss, impacted by higher transitory supply chain costs and excess inventory
Sustainable, please. But not more expensive!
Sustainability is on the agenda of most footwear brands. Given such importance, in the latest edition of the World Footwear Business Conditions Survey we have asked our experts if consumers will be willing to pay more for sustainability
Germany Retail: one swallow doesn’t make a summer
Despite the upturn in consumer confidence observed in the last quarter of 2022, there is still much concern among retailers. Footwear imports are following an upward trend since October, which could be read as a good sign concerning the health of retail, but German businesses are quite familiar with the sensitivity of their consumers to slight changes in overall economic conditions, and inflation is still expected to impact directly sales. Caution seems definitely to be the watchword at the start of 2023
Upcoming edition of CICB to focus on traceability in the leather's value chain
The CICB Sustainability Forum 2023, scheduled to take place on the 8th of March, at the Fimec fair, in Novo Hamburgo, Brazil, will discuss the paths for traceability in the leather industry
US: footwear industry sales to stabilize through 2025
Following the pandemic-fuelled instability experienced since 2020, US footwear sales are expected to stabilize over the next three years, growing at a steady pace of 1%, says the NPD Group
Portuguese JAK secures foreign investment
Maisons Julien et Kelly Dassault (MJKD) has formalized a seed investment in the Portuguese unisex sneakers company to support its internationalization efforts
UK consumer confidence rebounds to the highest level in almost a year
The latest data by GfK shows that UK consumer confidence hit in February the highest level since April 2022, thus displaying households’ resilience despite the cost-of-living crisis
Puma hits record full year sales
The company achieved record annual sales and EBIT in 2022. Still, it warned on the challenges ahead due to “a high degree of geopolitical, macroeconomic and commercial uncertainty”
Dr. Martens launches deadstock collection
The British label has launched the Made in England Deadstock collection, using high-quality surplus leathers from a range of tanneries, as part of the company’s waste reduction commitment
Steve Madden reports annual revenue growth
Despite a full year revenue growth of 13.7% last year over 2021, the US-based company adopted a more cautious near term outlook thanks to the “increasingly challenging backdrop” as well as more “conservative initial Spring orders”
About 400 Turkish footwear factories destroyed in February's earthquakes
Around 400 footwear factories were smashed in the footwear cluster of Antakya during the two earthquakes that hit southern Turkey and north-western Syria on the 6th of February 2023
Tod's and Lamborghini announce partnership
The luxury group and the manufacturer of sports cars have announced an exclusive collaboration, “with an undisputed Italian touch”, across an extensive range of products
Pou Chen to cut 6 000 jobs in Vietnam
The Taiwanese-based footwear manufacturer has reportedly slashed 3 000 jobs amidst weak demand. Another 3 000 people will not see their labour contracts extended by the end of the year
Farfetch's CFO to step down by the end of 2023
The luxury e-tailer has announced that Elliot Jordan will step down from his role as Chief Financial Officer by the end of 2023. Meanwhile, Farfetch will initiate the search for a successor
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