Companies
France Retail: with no crystal ball and eyes wide shut
Despite the slowdown in inflation in recent months and the slight improvement in consumer confidence, footwear retail remains on a downward trend. There is some hope for an upturn in the retail environment in the first half of 2024, but the available data on imports at the moment does not allow us to look ahead with sufficient clarity. Meanwhile, the online second-hand market shows signs of becoming increasingly relevant in France
Sistema Moda Italia withdraws from Cofindustria Moda
Sistema Moda Italia is no longer part of the Italian Federation of Textiles, Fashion and Accessories (Cofindustria Moda). The need to respond quickly to new European regulations was at the heart of the decision
Genesco lowers full year earnings guidance
After posting weak Christmas sales, the Nashville-based footwear company has lowered its earnings guidance for fiscal 2024. Journeys continues to struggle
Wolverine Worldwide confirms 2023 results in line with previous guidance
In the midst of “the stabilisation phase” of its “strategic transformation” plan, the US-based company has confirmed its guidance for both the fourth quarter and fiscal year 2023
Crocs raises fiscal 2023 guidance
The US-based footwear company has announced that it now expects a record 2023 revenue of 3.95 billion USD, up by more than 11% year-on-year, and slightly ahead of its previous growth guidance of 10% to 11%
New President of adidas North America has been announced
adidas has announced John Miller’s return to the company as President of its North America division, effective immediately. He succeeds Rupert Campbell, who left three months ago
Genesco names new Chief Merchandising Officer for Journeys
The Nashville-based footwear company has named Chris Santaella as Executive Vice President and Chief Merchandising Officer of the Journeys Group, effective from the 5th of February
Owner of Havaianas appoints new CEO
The Brazilian Alpargatas has appointed Liel Miranda as Chief Executive Officer, effective from the 1st of February. He joins the company from Mondelez International’s Brazil business unit
Trading update from JD Sports
The UK-based sports retailer has issued a trading update for the 22 weeks to the end of December that is “slightly behind” prior expectations due to weaker consumer demand
Pikolinos posts record full year sales
The Elche-based group posted a record turnover of 138 million euros in the 2023 fiscal year, up by 29% year-over-year, a significant recovery from the COVID-19 pandemic-related decline
Futureverse teams up with Reebok
The AI and metaverse technology and content company has partnered up with Reebok to help the footwear brand expand the ways consumers can interact with its products
Latest Authentic Brands partnerships in Asia
The New York-based brand management company has expanded its partnership with Liberated for Australia, New Zealand, Thailand, and Indonesia and signed another with BRJ Group for Japan and Taiwan
Wolverine Worldwide appoints first-ever Chief Supply Chain Officer
The US-based company has appointed Bishu Jayaram to the newly created role of Chief Supply Chain Officer, making him responsible for global sourcing, distribution, logistics, and integrated planning
Deborah Taylor from SLF: leather has a sustainable future
We continued our conversation with Deborah Taylor, Managing Director of the Sustainable Leather Foundation (SLF), around the misconceptions that surround the leather industry and how education, communication, innovation and responsibility can help us move forward
More on acquisitions in the European footwear sector
The past two months have seen a number of transactions. The Italian shoemakers Dema and Asso have new owners. The Austrian retailer Leder & Schuh has acquired the brand rights of Delka-
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