News
Footwear retail in 2024: signs of recovery or a bumpy ride ahead?
High inflation squeezed margins in footwear retail throughout 2023. To glimpse the industry's 2024 outlook, we analysed results from key players like manufacturers Yue Yuen and Stella Holdings and retailers Foot Locker, JD Sports, Shoe Carnival, and Genesco
Amazon announces first quarter results
A solid start to 2024 for the Seattle-based online giant. Amazon reported a 13% year-over-year increase in net sales in the first quarter, with all segments contributing to the result
Clarks CEO steps down
The British footwear label has confirmed that Jon Ram has stepped down as CEO to “pursue other opportunities” after two years in the role
Portuguese Savana bets on a greener future
Savana Calçado, which specialises in making children’s shoes, has been investing in sustainability over time, not only by launching new products but also by changing the way it makes shoes
Deckers promotes Ellerker to newly created role of President of Global Marketplace
The California-based company, which owns the Hoka and Ugg brands, has promoted Marco Ellerker to the newly created role of President of Global Marketplace, effective from the 1st of August
adidas surprises in the first quarter
The German-based company had a strong start to the year, beating expectations for sales, gross margin and operating profit. This performance appears to mark a turnaround for adidas after a tough 2023
ECHA apologises for misleading claims on leather goods and footwear
The European Chemical Agency (ECHA) has apologised for an infographic published on its communication channels which misleadingly attributed carcinogenic properties to leather goods and footwear
Skechers starts 2024 on a positive note
The US-based footwear company has posted a better-than-expected performance in the first quarter, with sales up by 12.5% on the same period of last year to 2.25 billion US dollars
Sustained positive trend in French leather exports
According to the latest data from Alliance France Cuir (ex-Conseil National du Cuir), French leather exports slowed in 2023, but still showed a slight increase of 6% year-on-year to 18.9 billion euros
Miu Miu drives growth for Prada
The Italy-based luxury group posted a strong performance in the first quarter of the year, with the Miu Miu brand standing out with a retail sales growth of 89% as compared to the same period in 2023
Hermès reports strong first quarter
The luxury group reported a first quarter sales growth of 17% at constant exchange, as compared to the same period of last year, “with solid activity in all geographical areas”
Nike to cut 740 jobs at Oregon headquarters
The US-based sportswear giant is planning to cut over 700 employees at its world headquarters in Oregon by June. This is the second phase of the layouts announced in February
Sales decline at Columbia Sportswear
The US-based company posted a 6% year-over-year decline in the first quarter of 2024, in line with previous expectations, due to a general slowdown in demand and a difficult competitive environment
FDRA calls on Biden administration to eliminate footwear tariffs
Matt Priest, president and CEO of the Footwear Distributors & Retailers of America (FDRA), called on the Biden administration to eliminate tariffs on footwear in order to address rising shoe prices
2023: a year of mixed results in casual and outdoor
In a challenging year for retail, marked by high inflation and weaker consumer demand, we looked at how some of the key players in the casual and outdoor segment are faring and whether some may be poised for a comeback
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