Shoes
Ferragamo continues to grow
The Italian-based luxury group posted a revenue increase of 17.2% and a net profit growth of 69.2% in the first nine months of the year, as compared to the same period of 2021
US Retail: not all news are bad for retail
The available data suggests that retailers made sure to fill up their stocks this year, most likely causing supply to outstrip demand. But while demand may have slowed down, mainly due to high inflation, spending has not ceased, and retailers are expected to increase their promotions through the end of the year to dispose of marked-down excess inventory. Consumer confidence indicators are somewhat mixed, but it is safe to assume that, at least, it has stopped bleeding. In fact, the contrast with European consumers is clear, showing that US shoppers are less sensitive to the geopolitical risks concerning the ongoing war in Ukraine. Meanwhile, though slowly, footwear prices increases are starting to decelerate
Crocs lifts 2022 guidance
The US-based company posted once again a strong quarterly performance, with a revenue growth of 57.4% in the third quarter of 2022 over the same period of last year, raising its outlook in result
Steve Madden cuts full year outlook
Despite a revenue increase in the third quarter of 2022, the US-based designer and marketer of footwear, accessories and apparel for women, men and children lowered its full year outlook
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Stella posts revenue increase
In the first nine months of 2022, the Hong Kong-based footwear manufacturer and retailer posted a 13.5% consolidated revenue growth despite "increasing macroeconomic headwinds"
Brazilian footwear sector with the best performance in job creation since 2015
With 44.4 thousand jobs generated between January and September 2022, the Brazilian footwear industry reached the best result in employment generation of the past seven years
Hoka's performance stands out in the second quarter
Deckers Brands posted a net sales increase of 21.3% in the second quarter of fiscal 2023, as compared to the same period of last year, with Hoka's sales growth of 58.3% standing out
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Red Wing Shoe Company appoints new CEO
The US-based footwear manufacturer named Allison Gettings as Chief Executive Officer, effective from the 1st of January 2023. She is the first woman to lead the company since its founding in 1905
William Wong: to prove sustainability we need transparent traceability
Today we bring you an interview with William Wong, President at Global Footwear Sustainability Summit and Vice President at Hong Kong Footwear Association. We have talked with William about what is going on the footwear industry nowadays
Hermès sales on rising mode
The French-based luxury group reported a sales jump of 30% in the first nine months of 2022, year-over-year, and shows no signs of slowing down. Price hikes are in the pipeline for 2023
Fátima Lopes celebrates 30 years of career with Portuguese shoes
The renowned Portuguese fashion designer celebrated her 30-years-old career with a commemorative fashion runway in Lisbon in which the mannequins wore Reve de Flo shoes
Venezuelan footwear production supplies 25% of domestic demand
Despite encouraging figures concerning footwear production, CAVECAL notes that high production costs and bank financing restrictions are the main reasons holding footwear companies back
Join the 7th edition of the World Footwear Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. We want to hear you!-
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