Companies
23% drop for Genesco's earnings
Despite reporting stable revenue for the third quarter (+0.8%), Genesco confirmed declined earnings for the period. The company lost one fifth of its earnings
Vivarte sells Merkal Calzados
The sale of the Spanish footwear brand to British private equity firm OpCapita is part of the ongoing restructuring program of the French retailer
Flex’s new factory to add thousands of jobs
The multinational manufacturer expects to create 6 000 jobs at its new plant in Jalisco. The new factory will be dedicated to make high-tech footwear for Nike
Birkenstock named Brand of the year
The recognition was given at the Annual Footwear News Achievement Awards in New York city. This marks the second time the German brand receives such top honor, after also being awarded in 2013. The prize was received by Birkenstock Global CEO, Markus Bensberg, and Birkenstock Americas CEO, David Kahan
Aldo and Global Citizen team up to drive access to education
Aldo, a global player in fashion footwear and accessories, is joining forces with Global Citizen, an international advocacy organization. As a result, a limited edition of the Mx. sneakers is being launched to take a stand on equal access to education with their Give Back, Move Forward campaign
Growth of Italian exports to the CIS area
Assocalzaturifici, the Italian Footwear Manufacturers' Association, announced that exports of Italian companies to the CIS area have increased by 12.8% in the first 7 months of 2017
Declining sales at J.Crew drive stores closures
J.Crew Group posted another decline in sales in its third quarter, despite strong sales from Madewell, which continues its positive contribution to the group’s performance. More stores expected to close
DSW results impacted by the weather
Net sales increased slightly in the third quarter. Results were impact by the hurricane season and the company has adjusted the outlook for the year, as a result
Stable quarter sales at Kohl's
The retailer registered strong results during the back-to-school shopping season. However, the middle of the latest quarter was soft however, due to abnormal weather condition
Sales at Shoe Carnival lift outlook
The US-based company has announced results for the third quarter of the year. Based on the sales increase of 4.7% registered in the period, the company raised its outlook for the year
The European industry needs to attract young people
This is the belief of Dr. Lívia Palicska, President of the Association of Hungarian Light Industry. Given her deep knowledge and experience the worldfootwear.com wanted to know about her views on the state of footwear industry in Hungary and in Europe
Kate Spade weights on Tapestry's results
Performance in the first quarter was in line with Tapestry expectations. Recently acquired Kate Spade contributed positively for the quarter's results
Strong quarter for Crocs
Despite the 1.1% decline in third quarter revenue, compared to similar period last year, the company congratulates itself for the progress made in its strategy and for achieving results above the guidance previously set-
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