Germany
Puma reports nine month results amid currency headwinds
Currency pressures and higher operating expenses impacted Puma’s 2024 nine-month results. However, the German-based company reaffirmed its guidance on the back of revenue growth in the Americas and DTC performance
Deichmann acquires Esprit shoe trademark
Amid insolvency proceedings, Esprit has sold its shoe brand rights in Europe and the United States to Deichmann. The German-based shoe retailer aims to expand its footwear offering in these markets
SEEK launches new concept in response to new market needs
The streetwear-focused SEEK exhibition has announced a new solution-focused and adaptable concept in response to new market needs. The next edition will take place throughout January 2025
Birkenstock expands presence in South Korea with new e-commerce platform
The global brand with German roots has launched a dedicated e-commerce website and loyalty programme in South Korea. Birkenstock also plans to open physical stores in 2025
Zalando raises full year guidance after strong third quarter results
The German online multi-brand company has upgraded its financial forecast for 2024 following a strong third quarter, driven by its new ecosystem strategy and rising consumer demand in the fall/winter season
German leather goods and luggage industry expects challenging second half
Falling sales and imports in the first half of 2024 show the difficult moment the German leather goods industry is experiencing, with little hope of a turnaround in the second half of the year
adidas exceeds expectations with third quarter results
Preliminary results for the third quarter of 2024 show adidas with increased revenue and higher gross and operating margins. As a result, the company raised its full year guidance for the third time in 2023
Germany Retail: dark clouds are hanging again over the footwear sector
The positive signs on the horizon for the footwear retail sector reported in the previous Flash were short-lived. Sales in the first half of the year were not what retailers had hoped for, and the continued stabilisation of shoe prices shows no signs of turning the situation around. Against a negative macroeconomic backdrop, consumer confidence has been downward, and retailers face many challenges, including business closures and labour market instability. Footwear imports have started to fall, pointing to a possible crisis in the sector
Shoes Düsseldorf 2025 announces new early dates
Now taking place from the 2nd to the 4th of February, Shoes Düsseldorf will open the 2025 order cycle, offering to its stakeholders earlier trend discussions and better coordination with other trade fairs
ISPO Munich teams up with Copenhagen International Fashion Fair
ISPO Munich and the Copenhagen International Fashion Fair (CIFF) have joined forces. For the first time, CIFF will be present at ISPO Munich with a partner stand, allowing for a greater fusion of sport and fashion
Puma appoints new Chief Financial Officer
The German-based sportswear company has appointed Markus Neubrand as its Chief Financial Officer (CFO) and a member of the Management Board. Most recently, he was CFO at Guess
Gero Mure files for bankruptcy
The German shoe chain Gero Mure has filed for bankruptcy as rising costs, online competition and prolonged effects of the COVID-19 pandemic take their toll on the footwear sector
Deichmann explores footwear deal as Esprit faces bankruptcy
The Germany-based shoe retailer Deichmann is interested in the footwear brand rights of the recently insolvent Esprit. The two companies have been collaborating since 2019
German footwear industry at a standstill
The German footwear industry remains cautious, according to the industry association HDS/L, and does not expect an upturn in the second half of the year
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-
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