News
Inditex will invest at least 10 million euros to restore ecosystems
The Spanish-based fashion group has signed a three-year partnership agreement with the World Wide Fund for Nature (WWF) to support nine of the organization's conservation projects
UK Boxing Day footfall declines by 15.3% over pre-pandemic levels
On a comparable basis to 2019, UK in-store footfall was down by 15.3% this past Boxing Day, mostly due to rail strikes, travel disruptions and the rising cost-of-living, says RetailNext
Mizuno's Innovation Centre in full swing
After three years since the announcement of the investment, the Osaka-based sportswear company reported that its Innovation Centre, called Mizuno Engine, is now operating
US: majority of SMBs are contemplating nearshoring
According to a survey released by the tech company Capterra, 88% of small and midsized businesses (SMBs) are considering or have already switched some of their suppliers closer to the US
Under Armour appoints new CEO
The Baltimore-based company has announced the appointment of the current President of Marriot International, Stephanie Linnartz, to the role of President and Chief Executive Officer
Scotch & Soda announces new footwear licensee
The Amsterdam-based fashion brand has signed a worldwide licensing deal with Bos Group International for the design, production and distribution of the brand’s footwear collections
Maria Eugenia Errobidarte: greenwashing will slowly start to disappear
Get to know Maria Eugenia Errobidarte, Director of Insight @ HYPEBEAST (platform for contemporary culture and lifestyle), who has been working on projects focusing on luxury fashion
Employment in the sector not expected to grow in 2023
According to the perspectives of the most recent edition of the World Footwear Business Conditions Survey, conducted in November, employment in the footwear industry should stabilize or decrease in the next few months
Global luxury goods industry to reach 1.4 trillion euros in 2022
The latest edition of the Bain & Company–Altagamma Luxury Study shows that the global luxury goods industry grew by 21% from 2021 and suggests that it will further grow in 2023
Koi footwear launches Teletubbies-inspired collection
The Manchester-based vegan and gender-neutral footwear brand released its first collab with the nostalgic 90s TV show, the Teletubbies, loyal to Koi's "intrinsically weird and wacky energy"
Brazil: footwear exports decelerate but year-to-date performance is positive
The slowdown of Brazilian footwear exports is in line with the worsening of international macroeconomic conditions, but year-to-date performance remains overall positive
Saysh lands in Canada
The US-based women's footwear brand led by Allyson Felix announced the expansion of its delivery service to all Canadian provinces. Canada becomes Saysh's first international market
Marita Moreno opens sustainable concept store
Downtown Porto is the new home of the sustainably-focused Portuguese brand. Located at the Village by BOA Hotel, at Bonjardim street, the space features an assortment of various brands curated by Marita Moreno
Nike posts revenue growth
In the second quarter of fiscal 2023, the sportswear giant posted a revenue increase of 17%, year-over-year, driven by discounts and increased promotions to reduce the inventory excess
JD Sports sells 15 non-core fashion brands to Frasers Group
The deal, worth 47.5 million British pounds (around 57.6 million USD), will enable the UK-based retailer to focus on the international and digital expansion of its core platforms
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