Companies
Mariano Shoes launches wedding collection
The Portuguese luxury shoe brand launched the Wedding Collection, composed of models that aim to provide the bride and groom with all the elegance and comfort for their special day
Stella Holdings posts a slight improvement in the second quarter
The Hong Kong-based footwear manufacturer posted a slower decline in its consolidated revenue and shipment volume in the second quarter of the year, as compared to the previous quarter
Tod's Creative Director to step down
The Italian-based luxury group has announced that Walter Chiapponi is stepping down from his role as Creative Director by mutual agreement. Search for a successor is now underway
Clarks names new Managing Director for the UK and Ireland
The British footwear label has announced that Under Armour's former Vice President of retail Bob Neville will serve as its new Managing Director for the UK and Republic of Ireland
Brooks Running enters the resale market
The Seattle-based company has announced the launch of the resale programme ReStart, which will enable the refurbishment and reselling of used Brooks footwear in the US
Designer Brands appoints Laura Denk as President of DSW
The North American company announced the appointment of Laura Denk as President of Designer Shoe Warehouse (DSW) and Executive Vice President of Designer Brands, effective as of the 24th of July
Employment in the footwear sector expected to stabilise or decrease
In the latest edition of the World Footwear Business Conditions Survey, we have asked panel members about their expectation regarding employment in the industry. Read the results here
US Retail: distressing times for footwear retail
In an environment of widespread destocking, footwear retail sales have been declining since the start of the year in the US, and despite good news such as a continuous moderation in price increases. The problem remains with the rising consumer price index for all categories, whose decreasing pace is not enough to generate an overall positive impact. Consumers are still attending to more pressing needs, and footwear is not on that list
H&M announces first half results
The Sweden-based company saw its sales increase in the first half of fiscal 2023, but underlined the negative impacts of high raw materials and freight costs combined with a strong US dollar on results
Digital retail channels expected to continue growing
In the latest edition of the World Footwear Business Conditions Survey, we have asked panel members about their expectation regarding the different retail channels for footwear. Get free access to the report and read its main conclusions
Nike posts a decline in profits
Despite seeing its revenue grow during the fourth quarter of fiscal 2023, the US-based company posted a 28% decline in net income from the same period of fiscal 2022
JD Sports reiterates full year outlook
After reporting a positive trading update for May, the UK-based retailer said that it maintains its outlook of 1.04 billion British pounds in profit before tax and adjusted items
Cost of merchandise tops the list of concerns for the footwear industry
In the latest edition of the World Footwear Business Conditions Survey, our panel members identified the most pressing problems impacting the footwear industry. Get free access to the report and read its main conclusions
Under Armour confirms corporate lay-offs
The Baltimore-based sportswear company has cut 50 roles across several units in its corporate workforce, says Footwear News, to help reduce expenses and achieve profitability
Asos returns to profitability
Despite a third quarter revenue decline, the UK-based online retailer returned to profitability, saying that its turnaround strategy is starting to work. This led Frasers to increase its stake in the company-
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