News
AAFA applauds House for passing Inform Consumers Act
The American Apparel & Footwear Association commended the US House of Representatives for its passage of the Inform Act and is encouraging the Senate to push forward the bill
Tod's posts sales increase
The Italian-based luxury group posted a sales growth of 16.4% through September, year-over-year. Sales picked up in the third quarter in Greater China, but demand remains volatile in this region
Recycled footwear foam maker Blumaka starts producing in Central America
The Californian-based producer of footwear components has signed a lease on a manufacturing facility in El Salvador to expand production and provide US shoemakers with a closer production option
Foot Locker raises guidance
After reporting "better-than-expected results" in the third quarter of 2022, the US-based retailer announced that it has raised its full year outlook
Farfetch reports third quarter profit loss
The luxury online retailer posted a slight revenue increase of 1.9% and a GMV decline of 4.9% in the third quarter of 2022, year-over-year, lowering its guidance for the full year
Portuguese Ambitious launches hiking sneaker
The Rambler model is one of the highlights of the brand's FW22 collection Intersections, whose motto was the reinvention of artisanal manufacturing techniques to merge past and future
Burberry posts revenue growth
The UK-based luxury group reported a revenue increase of 11% in the first half of fiscal 2023, year-over-year, mainly driven by a strong performance in the EMEIA region
US consumers to do more holiday shopping in-stores than online
This is the first year since the COVID-pandemic breakout in which consumers said expecting to make more of their holiday purchases in stores (46%) than online (45%), said the NPD Group
Nike launches Web3 platform .Swoosh
The US-based sportswear giant has launched a new web3-enabled platform called .Swoosh. The company intends to make it home to the brand's virtual designs and digital community
Denis Falardeau (Shoe Manufacturers Association of Canada): I am very optimistic for 2023
We spoke with Denis Falardeau, President of the Shoe Manufacturers Association of Canada, to better understand the trajectory of the Canadian footwear industry, the recent transformations in the country’s retail and why the industry is well-positioned for the future
Brazilian footwear exports slow down
The country's footwear exports decelerated for the second consecutive time in October, mainly due to the slowdown in the world's economy. Results for the first 10 months are still positive
Yeezy's partnership termination might impact adidas full year earnings
The German-based giant reduced again its yearly outlook due to the termination of the Yeezy partnership last month over hate speech by its creator, Kanye West, who now goes by Ye
Rocky Brands posts sales growth
The Ohio-based company reported a net sales increase of 17.5% in the third quarter of 2022, as compared to the same period of last year, amidst an escalation of macroeconomic headwinds
LVMH joins the Circular Bioeconomy Alliance
The luxury group will be supporting the Circular Bioeconomy Alliance's Living Lab in Chad, which is developing a sustainable cotton production under a regenerative agroforestry system
Yue Yuen revenue increases
The group posted an 8.2% revenue growth in the first nine months of 2022, year-over-year, with the solid performance of the manufacturing business being partially offset by weak retail sales in Mainland China
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