News
France: footwear exports on the rise
International trade data released by the French National Leather Council (Conseil National du Cuir or CNC) shows that footwear exports continued to grow at a faster rate than imports in 2021
Christopher Bevans is Eddie Bauer's new Creative Director
Outdoor brand Eddie Bauer appointed Christopher Bevans as its new Creative Director. The DYNE Founder and CFDA member is expected to bring his expertise
Kering invests in Lab-Grown Leather Startup
The French-based luxury group participated in a 46 million USD funding round meant to fast-track the commercialization of the Californian-based VitroLabs’ cell-cultivated leather
Under Armour reports net loss
The company announced unaudited results for its transition quarter ended on the 31st of March. Despite revenue growth, Under Armour posted a net loss of 60 million USD. Footwear sales declined
Foot Locker and adidas sign enhanced partnership
Built around product innovation, elevated experiences and deeper consumer connectivity, the partnership establishes Foot Locker as the lead partner for adidas in the basketball category
Zalando posts sales decline
Amid a volatile market environment, the online retailer informed that revenue declined by 1.5% in the first quarter of 2022, as compared to the same period last year, totalling 2.2 billion euros
India and Australia sign bilateral Free Trade Agreement
The Free Trade Agreement, which commits significantly to tariff reductions, will enable India to double merchandise trade to 50 billion US dollars in five years from about 27 US dollars currently
High heels footwear market to rise 1.35% annually
According to a report published by the research and advisory company Technavio this will result in an accumulated gain of 1.70 billion US dollars over the period 2020 - 2025
adidas lowers expectations for 2022
After a revenue decline of 35% in Greater China thanks to a challenging market environment and COVID-19 lockdowns, the company reduced its outlook for 2022 to the lower end of the range
Asics and StepN launch co-branded NFT sneakers
The Japan-based company and the move-to-earn running app StepN have joined forces to release the Stepn x Asics NFT Sneaker Mystery Box collection exclusively on Binance NFT Marketplace
General outlook for the footwear industry is optimistic
This is the main outcome of the most recent edition of the World Footwear Business Conditions Survey, conducted during the month of April. Today we bring you a summary of some of the main conclusions
Fly London steps into the metaverse
The Portuguese footwear brand has taken its first steps into the metaverse with four mini-games and a shop on the Roblox platform, which will be accessible from the 31st of May
Caleres to dedicate 1 million USD to Soles4Souls
The grant is expected to be paid over two years through Charitable Trust Donation, round up campaign and product donation to support 4EveryKid Program. The aim is to help provide shoes for homeless children
General outlook for the footwear industry is optimistic
This is the main outcome of the most recent edition of the World Footwear Business Conditions Survey, conducted during the month of April. Today we bring you a summary of some of the main conclusions
US: nearly half of consumers to spend less in footwear
A national survey made amongst US shoppers found that almost half (48%) of footwear consumers is planning to spend less on footwear this spring than last year
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