News
Nike announces fourth quarter and full year results
The US-based company posted full year revenue growth despite the impact of COVID-19-related disruptions in China and higher freight and logistics costs in the fourth quarter performance
Shanghai: fashion retailers struggle to clear stock
Almost a month since Shanghai lifted the strict COVID-19 lockdown, stores are struggling with piles of unsold stock, as wary consumers avoid shopping districts
ASSOMAC and UITIC join to organise 2023 Congress
The partnership between the National Association of Italian Manufacturers of Footwear, Leathergoods and Tanning Technologies (ASSOMAC) and the International Union of Shoe Industry Technicians (UITIC) has been announced during a press conference in Milan
Genesco appoints Gregory A. Sandfort lead independent Director
The former Chief Executive Officer and Director of Tractor Supply Company has joined the Genesco Board in 2021. Sandfort succeeds Matthew C. Diamond who has served in that role for the past four years
Bangladeshi leather exports surpass strategic target set for the year
From July 2021 to May 2022, overall leather exports totalled 1.11 billion US dollars, topping the strategic target set of 1.03 billion US dollars for the full financial year
Fleet Feet to acquire Marathon Sports
The US franchisor of locally owned and operated running stores announced that it will acquire the New England-based running retailer Marathon Sports and its soundRunner and Runner's Alley brands
Angela Ogbechie is Deckers new Chief Supply Chain Officer
The California-based brand footwear, apparel and accessories has promoted Angela Ogbechie to the newly created role of Chief Supply Chain Officer. David Lafitte will step down as Chief Operating Officer
Nike to fully exit Russia
Following Russia's invasion of Ukraine, the US-based sportswear giant halted operations in the country. But now has decided to leave the Russian marketplace for good
UK: Consumer confidence drops to a record low
Consumer confidence in the UK dropped in June to its lowest level in 48 years amid soaring prices, the prospect of strikes and rocketing inflation. Mood is gloomier than the one recorded at the beginning of the pandemic
Burberry renews partnership with Myhtical Games
The luxury group revealed its second NFT collection with Mythical Games in its flagship Blankos Block Party. The collaboration includes social spaces for communities within the game
Employment level to increase in the footwear industry
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 expectations of our panel of international footwear experts
Zalando cuts outlook as macroeconomic conditions worsen
The online retailer revised its guidance for fiscal 2022 due to the deterioration of macroeconomic conditions over the second quarter. EU consumer confidence index decreased further in June
Portuguese Savana launches NEW.VE
The company specialized in the production of children’s footwear has just launched at the latest edition of Expo Riva the eco-friendly brand New.Ve (New Version of the World)
US: high levels of inventory worry retailers
Retailers overestimated consumer demand when making inventory decisions for 2022. Now, they are expecting that holidays and back-to-school shopping will help them ease the pressure
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