News
EuroShoes@CPM closes with record attendance
The leading event of the Russian fashion industry, held from the 30th of August to the 2nd of September at the Expocentre Fairgrounds in Moscow, received about 18 500 people
Original Footwear Company appoints new CEO
The US-based manufacturer of military and law enforcement footwear appointed the global footwear and apparel brand executive Mark Cavanaugh as the new Chief Executive Officer
Todd Krinsky is Reebok's new CEO
Authentic Brands Group, the owner of Reebok, has named Todd Krinsky to the role of CEO. He succeeds Matt O'Toole, who led the sportswear brand for over 15 years and will join ABG in January 2023
Stella on growing mode
In the first half of 2022, the Hong Kong-based footwear manufacturer and retailer reported a rise in revenue of 18.9%, year-over-year, while warning about the demand for the remaining year
Ferragamo reports solid first half
The Italian-based luxury group posted revenue and profits growth in the first half of the year, as compared to the same period of last year, "despite the enduring impact of the pandemic in China"
Portuguese footwear exports with best performance ever in the first half
In the first semester of 2022, Portuguese footwear exports increased by 22% and 27.5% in volume and value, respectively, year-over-year, resulting in the best performance ever recorded in foreign markets
Louis Vuitton launches sustainable sneaker
The French luxury Maison, owned by LVMH, released a new unisex version of the LV trainer made from 90% recycled and organic materials, designed by its late creative director Virgil Abloh
Spanish footwear exports surpass pre-pandemic levels
Despite difficulties experienced in China and the impact of the ongoing war in Ukraine, the country's footwear exports recovered to pre-pandemic levels in the first five months of 2022
Nicaragua: leather shortage causes footwear prices to soar by up to 80%
The Nicaraguan Chamber of Leather and Footwear reported that footwear prices rose by 40% at the beginning of the year and another similar increase is in the pipeline, resulting in an 80% price increase for a pair of leather shoes
Genesco lowers full year outlook
As Journeys failed to meet expectations in the second quarter of fiscal 2023, and in light of the current impact inflation is having on consumer spending, the company lowered its guidance for the full year
Brazilian footwear exports continue to grow
In the first seven months of 2022, Brazilian footwear exports grew by 64.8% and 31.8% in value and volume, respectively, year-over-year. In addition to the US, Latin-America markets have been decisive in this outcome
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Farfetch posts GMV and revenue growth
Following the acquisition of a 47.5% stake in YOOX Net-A-Porter (YNAP), part of Richemont's group, the luxury online retailer announced results for the second quarter of fiscal 2022
adidas CEO to unexpectedly step down in 2023
The German-based sportswear giant announced that CEO Kasper Rorsted will step down next year, before his contract is due to run out, and that it is already searching for a successor
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