News
LVMH signs pact to promote and protect specialised skills
The “WE for ME” pact for the Métiers d’Excellence reinforces the commitment of the 75 Maisons of the luxury group to craftsmanship and diversity, with special emphasis on passing on the savoir-faire to the next generations
Geox is closing its Serbian factory
The Italy-based company is closing down its Serbian plant in Vranje. The decline in demand for formal men’s and women’s shoes is pointed as the reason for the closure
Rocky Brands: revenue up by 134.2%
The Ohio-based company has announced second quarter results marked by an increase in net sales of 134.2% (to 131.6 million US dollars). Wholesale segment increased by 195.0% and retail by 36.8%
Czech retail sales growth slows down in June
Data from the Prague-based Czech Statistical Office (CZSO) reveal that Czech retail sales increased at a softer pace in June
Asia accounts for more than half of global footwear consumption
In 2020 Asia’s consumption accounted for more than half (55.8%) of the grand total worldwide. After being the major manufacturing hub for the footwear world, now Asia is also playing a key role in the consumption side. Data is taken from the World Footwear 2021 Yearbook just released by APICCAPS, the Portuguese Footwear Association
Skechers’ Animal Rights Movement reaches 7 million US dollars in donations
The company’s BOBS from Skechers Philanthropic Collection has helped save and support over 1.3 million shelter dogs and cats in the United States and Canada
Pakistan footwear exports in growing mode
In the first eleven months of the current fiscal year, Pakistan exported 16.61 million pairs of shoes, resulting in exports revenue of 131.89 million US dollars. This reflects an increase of 22.03% in volume and 4.72% in value
Tapestry establishes Foundation to promote equity and fight climate crisis
The New York-based house of luxury accessories and lifestyle brands has also announced the expansion of its Corporate Responsibility agenda. Tapestry intends to influence positive change for the industry
Asics invests in Japanese insole makers
The Japanese sports footwear giant has financed the healthcare start up Japan HealthCare Co., Ltd, which has developed custom-made insoles created from photos of feet taken by a smartphone
adidas raises full year outlook
The Germany-based sportswear giant announced its second quarter results for 2021. Revenue picked up everywhere except in Greater China. Sales growth in the period amounted to 51% in euro terms
Hush Puppies & Designer Brands in partnership
The two tags announced an exclusive distribution partnership for Hush Puppies in North America. This initiative will make DSW Designer Shoe Warehouse the exclusive in-store distributor of Hush Puppies by 2022
The Athlete's Foot with strong retail sales growth
The specialty footwear and lifestyle chain delivered increasing first half-year retail sales in 2021. Change of ownership to Arklyz Group has been successfully concluded
Under Armour lifts outlook
The Baltimore-based sportswear giant has reported unaudited financial results for the second quarter ended on the 30th of June 2021. Revenue was up by 91% to 1.4 billion US dollars. Under Armour has updated its outlook for the fiscal year
Steve Madden shifts production from China to Mexico and Brazil
Driven by recent supply chain disruptions, American footwear brand Steve Madden has relocated about half of its women’s production to Mexico and Brazil from China. According to Business of Fashion (BoF) this will impact the Fall Season collection
Wolverine buys women’s activewear brand Sweaty Betty
The Michigan-based group which counts with a varied portfolio of footwear and lifestyle brands has acquired Sweaty Betty, a global fitness and lifestyle brand. The all-cash transaction is valued at approximately 410 million US dollars
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