News
China pays the highest average import price for footwear
The leader of footwear manufacturing and main exporter entered the top 10 of footwear importers in 2020. The Asian giant is also the country paying the highest average import price among the main consumers of footwear
Crocs with another period of record revenue
The US-based brand of casual footwear announced record third quarter revenue of 625.9 million US dollars. Revenue growth was strong in all regions, despite supply chain disruptions
Hermès reports strong growth
In the third quarter of 2021, the group’s consolidated revenue totalled 2.37 billion euros driven by an upturn in sales in Europe, an acceleration in America and a sustained dynamic in Asia
New Generation: meet João Azevedo
João Azevedo grew up in Sintra, near the sea. After studying and working in the United States, he returned to Portugal with the idea of creating an environmentally friendly slippers brand. In 2015, Cima Sandals was born
LAST CHANCE to join the World Footwear Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views about the current business situation and assess the main impacts of COVID-19. Collection of answers is open until tomorrow
CCC announces record revenue
The Polish-based footwear group reported record revenue of roughly 436 million euros (2 billion Polish Zloty) in the second quarter of 2021. E-commerce generated almost half of that figure
US: footwear prices increase significantly
According to the Shoe Price Report issued by the Footwear Distributors and Retailers of America (FDRA), footwear prices are increasing at the fastest rate in over 20 years, with year-to-date prices up by 3.2%
Under Armour appoints Massimo Baratto Chief Consumer Officer
The Baltimore-based company has announced the appointment of Massimo Baratto to the position of Executive Vice President, Chief Consumer Officer
Kering reports solid revenue growth
The luxury group announced a steady revenue growth in the third quarter of 2021, reaching 4.19 billion euros, up by 12.2% as compared to the same period of 2020. Gucci decelerates
VF and WaterAid partner to vaccinate Cambodians
As citizens in Cambodia are battling the pandemic, food shortages and loss of income, the US-based group, owner of brand Vans and Timberland, is helping with the vaccination process
Vietnam: industry faces contractual penalties and order cancellations
Several Vietnamese apparel and footwear companies have incurred contractual penalties for delivery delays this year, while facing unexpected order cancellations for 2022
Jonathan Akeroyd to leave Versace
Global fashion luxury group Capri announced that Jonathan Akeroyd will be stepping down as Chief Executive Officer of Versace to pursue another opportunity, enabling him to return to the United Kingdom and be closer to his family
361 with new business update
The Board of the Hong Kong based footwear company has reported growth for the third quarter of the current year. The kids segment presented two digits growth
UK Retail: COVID-19 might be alleviating but there is still no sunrise for Retail
As vaccination levels increase and the restrictive measures are lifted the UK retail industry could be on the expectation that solid improvement would be on the way. However, Consumer Confidence has been fading away since July, and Textile, Clothing & Footwear store sales have been on a slide in the last few months. With the supply chain issues impacting the footwear industry and the lorries shortage, this could be a perfect storm for more bad news
Vietnamese footwear exports plunge in September
Data from the Vietnamese Ministry of Industry and Trade indicates that footwear exports have decreased by 44.2% to 678.4 million US dollars, on a comparable basis to similar month in 2020
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