News
Spain Retail: footwear retail fears the end of the year on account of macroeconomic uncertainty
Looking exclusively into the available evidence from the comparison between the monthly behaviour of footwear imports and the TCF (Textile, Clothing, & Footwear) Retail Index in Spain, as well as the TCF Retail Indicator by Eurostat, there are not yet red lights on the retail side, so far. But, as more consumers struggle to make ends meet with high inflation and increases in gas and electricity, footwear retail is expected to soon be a victim of the need to divert from non-essentials. Meanwhile, online sales appear to have stabilized, so, with the COVID-19 influence out of the picture, it is up to retailers to continue investing in this channel, where there is much yet to be done
Skechers named Company of the Year
The US trade publication Footwear News (FN) has decided to name the 30 years-old Skechers as Company of the Year for the third time in the history of the FN Achievement Awards
Puma reiterates full year outlook
On the back of yet another quarterly sales record, the German-based sportswear giant confirmed its outlook for 2022, despite signalling the continued volatility in the market
Skechers with steady growth
The US-based company posted a sales increase of 20.5% in the third quarter of 2022, year-over-year, emphasizing the "broad-based consumer demand" experienced since the start of the year
adidas terminates Yeezy partnership
Under growing pressure to cut ties with the Yeezy founder, Ye, due to a series of antisemitic statements, the sportswear giant has terminated the Yeezy partnership
adidas lowers again full year outlook
The company, which announced preliminary results for the third quarter, cut once again its 2022 guidance in light of a drop in Greater China traffic and inventory build-up in Western markets
Zara to launch Pre-Owned pilot project in the UK
This service, which will be launched on the 3rd of November, intends to help customers repair, resell or recycle their clothing. Zara's goal in the long term is to reduce its environmental impact
Have you filled our Business Conditions Survey? You can still do it and get access to the results in first hand
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. We want to hear you!
Red Wing Shoe Company appoints new CEO
The US-based footwear manufacturer named Allison Gettings as Chief Executive Officer, effective from the 1st of January 2023. She is the first woman to lead the company since its founding in 1905
Kering posts revenue growth
The French-based luxury group continued to grow in the third quarter of the year, led by the "stellar" performance of Yves Saint Laurent. Gucci still hit by COVID-19-related restrictions in China
Burberry raises pay rates early to support staff during cost-of-living crisis
The UK-based luxury group announced that, in light of the rising cost of living, has decided to anticipate the new UK real Living Wage pay rates by more than six months
William Wong: to prove sustainability we need transparent traceability
Today we bring you an interview with William Wong, President at Global Footwear Sustainability Summit and Vice President at Hong Kong Footwear Association. We have talked with William about what is going on the footwear industry nowadays
Hermès sales on rising mode
The French-based luxury group reported a sales jump of 30% in the first nine months of 2022, year-over-year, and shows no signs of slowing down. Price hikes are in the pipeline for 2023
Meet at Agra 2022 closes in a positive mood
The 14th edition of the Leather, Footwear Components & Technology fair, held between the 7th and the 9th of October in Agra, India, brought together 250 exhibitors from 45 countries
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