News
FAIST project drives modernisation in the Portuguese footwear industry
The FAIST project aims to transform the Portuguese footwear industry by advancing automation, digital manufacturing, and sustainability. It plans to deliver 80 innovations under its 50 million euros investment
Expo Riva Schuh and Gardabags adapts to a changing market landscape
Ahead of the upcoming January edition, the Italian trade fair is adapting to changing market landscape while reinforcing its dual role as strategic observatory and a meeting place for footwear and accessories professionals
US: Thanksgiving Weekend attracts a record 203 million shoppers
According to the National Retail Federation (NRF), 202.9 million consumers shopped over the Thanksgiving-Cyber Monday weekend, up from 197 million last year and surpassing the record of 200.4 million set in 2023
Portuguese Footwear Association promotes professional footwear abroad
The expected growth in European defence investment could present an opportunity for the Portuguese footwear industry, which aims to double exports of technical footwear to 100 million euros by 2030
Swiss brand honoured for circular footwear design
Awarded by the Swiss American Chamber of Commerce, Crimagno was praised for its recyclable, genderless footwear made from sustainable materials and its commitment to environmental and social impact
Japan Retail: fashion shows strength amid rising cost pressures
The Japanese fashion retail sector is enjoying a standout year, with apparel and footwear sales surging to record highs, despite early signs of cooling demand. Strong Chinese tourist spending has helped to boost results, although geopolitical tensions pose risks for the future. Meanwhile, e-commerce continues to grow much faster than physical retail. Inflation is now converging across categories, with footwear prices rising in line with general inflation. However, the weakening yen is pushing up import costs, leaving retailers reliant on steady consumer demand to absorb rising costs
Inditex sales growth accelerates
The Spanish owner of brands such as Zara and Massimo Dutti has reported accelerated sales growth in the third quarter of the year, emphasising its strong start to the final quarter of 2025
Future of the footwear industry discussed at Porto conference
An international conference dedicated to the future of the Portuguese and European footwear industries was held as part of the FAIST project on the 18th and 19th of November
JBS Couros and Viva merge to form a leather mega-group
Brazilian companies JBS Couros and Viva have signed a binding memorandum of understanding to form a new group called JBS Viva. The new company will process over 20 million hides per year
Pietro Beccari appointed head of LVMH Fashion group
Pietro Beccari, the current chair and CEO of Louis Vuitton, will take on the same roles at the LVMH Fashion Group from the 1st of January, while retaining his position at Louis Vuitton
Golden Goose delivers strong nine-month performance
The Italy-based luxury sneaker has reported a 13% year-on-year increase in revenue in the first nine months of the year, driven by the strength of its direct-to-consumer (DTC) channel across regions
Prada completes Versace acquisition
The Italy-based luxury group has completed its acquisition of Versace from Capri Holdings for approximately 1.3 billion euros. The deal was announced in April
Portugal maintains export growth trajectory in 2025
Data from the first nine months of the year shows that the Portuguese footwear industry is gaining ground in the main international markets, with year-on-year export increases of 3.8% in volume and 2.1% in value
EU Parliament approves one-year postponement of EUDR start date
The European Parliament has approved the Council’s proposal to postpone the EU Deforestation Regulation’s entry into force by one year, a move intended to simplify due diligence requirements for all stakeholders
Marijn Verschure from CAST: rethinking the future of showrooms and fairs
We spoke to Marijn Verschure, the General Manager at CAST, a trading platform for footwear, sport and fashion. Among other topics, we discussed CAST’s role in the footwear ecosystem and the future of permanent showrooms and trade fairs
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