News
European footwear industry continues efforts to empower sustainable consumer choices
A set of materials to help consumers and companies in the footwear and apparel sectors identify and avoid misleading greenwashing claims is being finalised as part of the Erasmus+ VETting Green project
Kering reports a 12% decline in full year revenue
The French-based luxury group ended the year in the red once again, with full year revenue down by 12% on the previous year. Sabato de Sarno has since left Gucci
Capri Holdings reports another weak quarter
The owner of Michael Kors, Versace and Jimmy Choo has reported another disappointing quaterly performance, with third quarter revenue down by 11.6% or 11.4% on a constant currency basis on the same period of last year
Mytheresa to be renamed LuxExperience
The luxury e-commerce platform Mytheresa will be rebranded as LuxExperience following the proposed acquisition of Yoox Net-a-Porter (YNAP) from Richemont
Skechers posts strong full year results
The US-based footwear company has posted a strong performance for the fiscal year 2024, culminating in a strong holiday season, underpinned by growth in all regions
2024 will not significantly change the landscape of the world’s top footwear exporters
We have looked back at the data available so far on the performance of some of the world’s top footwear exporters in 2024. Unsurprisingly, Asian countries continue to dominate, but China has slowed. In Europe, we highlight the performance of Spain with consistent growth in value and volume of exports
Japan Retail: no concrete forecasts as the country adjusts to a new economic paradigm
While the online channel continues to stand out in a retail market that has seen a slight increase in spending since September 2024, the fashion sector has struggled the most, most likely due to the warm weather that has affected seasonal shopping. For footwear in particular, after a year of low prices, there’s reason to wonder if the picture of near-zero interest rates could hurt consumer behaviour, as their confidence wanes. The overall stability of imports, despite currency fluctuations, doesn't allow for a concrete forecast
Strong second quarter for Tapestry
The US-based company has reported revenue growth in the second quarter, driven by Coach's performance, and increased profitability. As a result, it has again raised its full year guidance
Industry is confident regarding footwear retail prices
77% of the respondents of the last edition of the World Footwear Business Conditions Survey expect footwear retail prices to increase over the next six months. The report with the results of the 11th edition of the survey is now available
New Generation: meet Osvaldo Mesquita
With a degree in product design from the School of Arts and Design and a specialisation in footwear design from the Lisbon School of Design, Osvaldo Mesquita is one of the new names to emerge in the Portuguese footwear sector. He recently launched his own brand, Liquito Mesquita
Germany’s shoe industry navigates market changes
German footwear imports dropped, with Vietnam overtaking China as the leading supplier. Higher wages, inflation and political uncertainty add to the challenges shaping the industry’s outlook for 2025
Futurmoda 2025 to showcase advanced and sustainable footwear production
With a focus on eco-friendly production, Futurmoda 2025, on the 12th and 13th of March, will showcase advanced machinery, from biodegradable materials to automated assembly and 3D printing solutions
H&M reports fourth quarter and full year results
The Swedish fashion group has highlighted the strength of its online channel and improved profitability, despite lacklustre sales in the fourth quarter of its 2024 financial year
Deckers maintains good momentum
The California-based company has reported another strong quarterly performance, driven by good results from Hoka and Ugg, and has raised its full year outlook as a result
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