Companies
Loake Shoemakers introduces digital product passports
Ahead of upcoming EU regulations, the British leather footwear brand has teamed up with digital platform Buyerdock to integrate Digital Product Passports (DPP) across its entire product range
Kizik looks to expand its global footprint
As part of its global expansion strategy, the Utah-based slip-on footwear brand has announced that it has signed distribution agreements for Taiwan, Italy and Southeast Asia
Temu’s owner warns of slowing growth ahead
The Chinese e-commerce group PDD Holdings has reported a strong performance in the second quarter of 2024. However, it has also warned of challenges ahead as growth slowed on a quarter-on-quarter basis
Birkenstock reports a 19% increase in third quarter revenue
As it continues to invest in expanding its production capacity and global footprint, the German-based company has reported a solid third quarter performance, with double-digit revenue growth in all channels and regions
Leather footwear leads exports in value, but rubber & plastic leads in volume
Leather footwear accounts for 38% of the total value. In terms of volume, rubber & plastic footwear commands the pole position, accounting for half of the global exports, according to the latest World Footwear Yearbook
Foot Locker returns to sales growth
As its Lace Up Plan continues to make progress, the US-based sports retailer returned to sales growth in the second quarter and reaffirmed its non-GAAP earnings outlook for the full year
Puma appoints Indrajeet Sen as SVP of Group Sourcing
The German-based company has appointed Indrajeet Sen as Senior Vice President of Puma Group Sourcing. He succeeds Chief Sourcing Officer Anne-Laure Descours, who decided not to renew her board contract
Stella Holdings announces increase in the payout to shareholders
After achieving a 54% year-over-year rise in first half net profit, the Hong Kong-based footwear manufacturer has announced a significant increase in the payout to shareholders over the next three years
JD Sports on track to deliver full year EBIT guidance
The UK-based sports retailer has reported a strong second quarter performance, particularly in North America and Europe, and has reaffirmed its full year EBIT guidance as a result
Nike and LEGO team up
The US-based sportswear giant and the LEGO Group have announced a multi-year partnership to bring to life the many ways sport and creative play can help empower children worldwide
Tapestry reports a successful year
The New York-based company has reported a successful fiscal year 2024 against a challenging macroeconomic backdrop and despite a sharp decline in the Stuart Weitzman brand
Asia accounts for more than half of global consumption
The dominance of the Asian continent in the consumption of footwear continues, according to data published in the World Footwear Yearbook 2024, as recently released by APICCAPS, the Portuguese Footwear Association
Yue Yuen’s footwear manufacturing business recovers in the first half
The Hong Kong-based group reported an overall decline in revenue in its unaudited first half results, driven by Pou Sheng’s performance, as the footwear manufacturing business recovered during the period
Sanuk sold to Lolë Brands
The Canadian-based apparel company has acquired the outdoor lifestyle footwear brand, previously owned by Deckers Brands. The financial terms of the deal were not disclosed
Disappointing first quarter for Capri Holdings
Ahead of its acquisition by Tapestry, the US-based luxury company has reported a weak first quarter, blaming it on a slowing global demand for luxury fashion goods-
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