News
2025 brings questions to the Italian leather sector
Italy's tanning industry currently struggles with declining demand, rising economic pressures and labour challenges, while hopes for recovery hinge on global economic, political and trade stability
Nike reports revenue decline amid strategic repositioning
The US-based sportswear company reported revenue and net income decline in the second quarter. CEO Elliot Hill shared ambitions to refocus on sports to drive long-term growth and shareholder value
H&M acquires minority stake in Swedish platform Voyado
The Sweden fashion group has acquired a minority stake in the Swedish-founded retail technology platform Voyado, thus strengthening their existing partnership
Shoes For Crews appoints new CEO
The Florida-based manufacturer of slip-resistant safety footwear has announced that Chris Quinn will assume the role of Chief Executive Officer beginning on the 1st of January 2025
France Retail: retailers cautiously optimistic for the holidays
October brought good news for footwear sales and retailer confidence is also on the rise, despite negative footwear inflation and rising costs. However, the picture isn’t clear regarding consumer confidence, which fell to a five-month low in November as households worried about the economic outlook in light of France’s difficult political environment. Will this weigh on footwear sales in the last two months of the year, or will recent news that consumers are planning to spend more on the festive season prevail?
New Generation: Artur Cardoso from Wagwan
With a marketing degree and a past linked to the art world, Artur Cardoso has recently launched Wagwan, a Portuguese footwear brand that combines art and sport
Strong full year 2024 for Birkenstock
The German-based company has reported a strong set of results for its fiscal year 2024, driven by strong consumer demand across all regions and a focus on a solid financial position
German firms face geopolitical and regulatory risks
A recent survey by German trade associations highlights geopolitical conflicts as the main supply chain threat, while compliance with new regulations adds costs and bureaucratic hurdles
Macy's concludes internal investigation and reports results
The US-based company delayed the announcement of its third quarter results due to deliberate accounting errors. Macy's assured stakeholders of limited financial impact and declared stricter controls
Shoe Carnival strengthens returns to shareholders
The US footwear retailer announced a quarterly dividend and a new stock repurchase program, leveraging cash reserves to support stock performance and corporate initiatives
Challenges loom for the Brazilian footwear industry in 2025
With tax reform and trade protection as priorities, Brazil's footwear industry expects pressing challenges in 2025, including payroll tax changes, high interest rates and import competition
Shoe Zone issues profit warning
The British footwear retailer has cut its full year adjusted profit forecast due to difficult trading conditions and increased costs resulting from the October government budget
Bottega Veneta appoints Louise Trotter as Creative Director
The British designer will succeed Matthieu Blazy at the creative leadership of the luxury label, parent company Kering and Bottega Veneta announced in a joint release
Under Armour unveils four-pillar growth strategy
The Baltimore-based company has outlined a four-pillar growth strategy focused on product, story, service and team to realise its long term potential. The outlook for the current fiscal year remains unchanged
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