World Footwear

News

Giovanna Ceolini elected as the new President of the Confindustria Accessori Moda

Nov 19, 2024 / Italy
Confindustria Accessori Moda, the federation of the Italian footwear, leather goods, fur and tanning sectors, has elected Giovanna Ceolini as its new President

Steve Madden to cut on sourcing goods from China for fear of Trump’s tariffs

Nov 18, 2024 / United States
The US company is accelerating its plans to move production out of China after Trump’s victory in the country's presidential election increased the likelihood of higher tariffs on imported goods

Comfort is key to buying shoes in Portugal

Nov 18, 2024 / Portugal
Comfort is a key factor in the purchase decision of Portuguese consumers, followed by a preference for national products, according to a LIPOR study on footwear consumer behaviour

Steve Madden posts revenue growth

Nov 18, 2024 / United States
The US-based footwear, accessories and apparel designer has posted 13.0% year-over-year revenue growth in the third quarter, with a strong contribution from the newly acquired Almost Famous business

EU Parliament postpones implementation of deforestation regulation

Nov 15, 2024 / European Union
The EU has granted a one-year extension for the EUDR implementation amid concerns from stakeholders. The regulation’s country risk classification will now include a “no-risk” category, easing requirements for selected regions

Tapestry and Capri Holdings call off merger plans

Nov 15, 2024 / United States
The two companies have agreed to call off their merger plans after a US court blocked the deal last October, ending their efforts to create a US luxury giant capable of competing with major European players

Allbirds reports third quarter sales drop and adjusts full year outlook

Nov 15, 2024 / United States
The US company has lowered its full year sales guidance due to a sharp decline in revenue in the third quarter. This also reflects the expected impact of store closures and international distribution transitions

Tapestry raises full year outlook

Nov 14, 2024 / United States
The US-based luxury group, which owns Coach, Kate Spade and Stuart Weitzman, has raised its guidance for the full year 2025, after reporting a better-than-expected first quarter performance

Capri Holdings falls sharply as hopes of Tapestry merger fade

Nov 14, 2024 / United States
The US-based luxury group has reported another weak quarterly performance amid weak global demand for luxury goods. Versace suffered the biggest fall, while Jimmy Choo returned to green

Vida Shoes acquires luxury shoe brand Aquatalia

Nov 14, 2024 / United States
Vida Shoes International, which owns brands such as Jambu, JBU, J Sport and Andre Assous, has acquired the made-in-Italy luxury shoe brand Aquatalia

Wolverine Worldwide revises fiscal 2024 guidance

Nov 13, 2024 / United States
The US-based company reported lower revenues and robust margins. While sales decreased by 7.4% year-over-year, gross margin increased by 450 basis points as a result of reduced supply chain costs

Growth in both B2C and B2B vectors confirms strong third quarter for Zalando

Nov 13, 2024 / Germany
The German multi-brand online retailer has reported growth in both the B2C and B2B vectors, confirming the strong performance previously reported for the third quarter of the year

Kering and Centre for Sustainable Fashion launch new governance programme

Nov 13, 2024 / United Kingdom
Launched by Kering and the Center for Sustainable Fashion, “Governance for Tomorrow” is a three-year programme that aims to bring together experts from different sectors to develop alternative governance models in luxury fashion

Golden Goose reports revenue growth in the first nine months of 2024

Nov 13, 2024 / Italy
The Italian-based luxury footwear brand has reported a revenue of 466 million euros in the first nine months of 2024, up by 12% year-over-year. New store openings and strong online traffic drove DTC performance

Sustained trend in Spanish exports

Premium Content Nov 12, 2024 / Spain
Despite the difficult international context, which has negatively impacted competitor countries such as Italy, Spain continues to record growing export figures in both volume and value terms
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