News
Saks Global lays off hundreds of people
Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus, has laid off hundreds of employees as part of a plan to consolidate operations as the retailers merge
adidas reports strong first quarter but CEO warns of tariff impact ahead
The German sportswear company has reported a 13% increase in sales in the first quarter, as compared to the same period last year. However, CEO Bjørn Gulden warned of the impact of tariffs ahead
Portugal exports high-tech footwear to the world
Birkenstock, Burberry, Columbia, Hermès and Nike are some of the brands that use Portuguese high technology in their production. It’s a reality that will deepen over the next few years due to major investments being made as part of the FAIST mobilisation agenda
Skechers announces first quarter results
The US-based sneaker company has reported a solid start to the current year, with sales up by 7.1% on the same period last year. However, due to macroeconomic uncertainty, it will not be issuing full year guidance
Hermès continues to expand its production capacity
With the opening of a new leather workshop in Normandy, which will ultimately create 260 new jobs for craftsmen, the French luxury group is reaffirming its commitment to expanding its production capacity
Germany Retail: hope rests on the ability of retailers to weather gloomy circumstances
In a landscape where e-commerce is in a league of its own, footwear retailers continue to struggle to regain sales growth, even against the backdrop of overall retail performance. And low inflation in the sector is actually indicative of low demand, not consumer confidence. Indeed, the data shows that consumers remain far more pessimistic than retailers, and a renewed rise in the propensity to save is clouding the overall picture. Given the volatile global trading environment, hope rests on the ability of retailers to weather these gloomy conditions
Vietnam opens trade talks with the US over looming tariffs
Vietnam and the US have formally opened talks over the Trump administration’s threat to impose a 46% tariff on goods from the Southeast Asian country, according to state media reports
World Leather Day 2025 aims to invite a closer look at leather
Taking place on the 26th of April 2025, this year’s celebrations will focus on the theme 'Beyond The Surface', designed to encourage a deeper look at leather and challenge misconceptions
Intersport appoints new CEO
The Switzerland-based sporting goods retailer announced that it has appointed Tom Foley as the new Chief Executive Officer, effective from the 1st of July 2025
Yue Yuen issues profit warning
The Hong Kong-based manufacturing group has told its shareholders that it expects its profit attributable to owners to fall by no more than 25% as compared to 100 million USD in 2024
Gucci continues to be a drag on Kering’s performance
The France-based luxury group has reported a weak first quarter. Gucci continues to weigh down on its performance, with revenue down on a reported basis by 24% year-over-year
Jonathan Anderson takes over Dior menswear helm
Jonathan Anderson has been appointed artistic director of Dior's menswear line, the house has confirmed. He succeeds Kim Jones, who stepped down in January
Stella Holdings sees volume growth but revenue decline
The Hong Kong-based footwear group reported volume growth of 3.4% but a 1.8% decline in manufacturing revenue due to increased sports orders. The company continues to diversify its manufacturing base
Spain Retail: a case for optimism
Despite a decline in fashion sales in January, February bucked the trend, and the data points to a stable performance for the sector in 2025, with online taking the lead. Although the deflation in the apparel and footwear sectors is not good news, retailers in general remain optimistic about the future - as shown by the import data - supported by the economic growth the country has experienced and is expected to continue to experience
New Generation: João Ferreira from Paradigma
With a degree in management, João Ferreira is at the helm of Paradigma, a 100% Portuguese brand owned by the second generation of a shoemaking family that has been in business since 1987
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