The fashion group posted revenue growth of 36% in the first quarter of 2022, year-over-year, driven by the recovery of in-store footfall and the success of its brands’ collections
Almost half of businesses reported an increase in the prices of materials, goods, or services bought and sold in April. Nearly a third expects to raise the prices of goods and services this month
In the first quarter of 2022, TCF (Textile, Clothing & Footwear) Retail Sales Index returned to pre-pandemic levels, showing that it is no longer sensitive to COVID-19. However, its positive behaviour is somewhat puzzling: consumer pessimism continues to plunge, most likely due to the rising inflation, which hit a record 7% in March, placing pressure on manufacturers’ costs. In addition, it is yet early to quantify the impact of Russia’s invasion of Ukraine on European retail markets
Dave Clark, who has overseen the company’s extensive warehouse operations, announced he would depart Amazon after 23 years. It’s time for me to build again, he wrote on Twitter
In the first quarter of fiscal 2022, the North-American company reported a net sales increase of 18.1% across every segment, and it said to be on track to double owned brand sales by 2026
The company has guaranteed 10 million US dollars for the new foundation. The aim of the initiative is to support equality, wellness and safety for the LGBTQIA+ community
The US-based footwear retailer named Neil Bansal to the newly created position of Executive Vice President and Chief Strategy and Transformation Officer
The sustainable footwear brand established an exclusive partnership with Bundlee, a UK based-rental platform for children’s clothing, which is for the first time expanding into footwear
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the evolution of footwear consumption in 2022
The Spanish footwear sector continues its upward trend. In the first quarter of 2022, its turnover was up by 25.5%, on a comparable basis to the same period of 2021
The Taiwanese manufacturer of branded sports footwear reported a drop of 26.1% in net profit in the first quarter of 2022 due to fewer investment gains from its Nan Shan Life Insurance unit
The Federal government of Pakistan has decided to impose a ban on the import of luxury goods. The measure is being announced as a preventive step to obviate the threatening default and contribute to control the escalating hike in the dollar against rupee
The luxury fashion group reported that revenue and earnings for the full year of 2022 exceeded expectations. Total revenue amounted to 5.65 billion US dollars
André Rosário and Teodolinda Semedo are the two mentors of PickPocket, a Portuguese brand that reuses materials that are no longer circulating in the leather goods market to make bags, backpacks and wallets
The British footwear brand announced that it sold a record number of pairs (14.1 million) in fiscal 2022, which was translated into revenue growth of 18%, as compared to the prior fiscal year