News
New deputy CEO for Gucci
Kering, the French-based luxury group that owns Gucci, has appointed Stefano as deputy chief executive officer of the Italian house. The move comes amid efforts to revive Gucci
Uniqlo owner posts robust first half
The Japan-based Fast Retailing has reported a “record” first half revenue of 1.60 trillion yen (9.77 billion euros), up by 9.0% year-on-year, mainly due to a strong performance from Uniqlo overseas
Bangladeshi leather footwear exports continue to fall
The downward trend continues. Bangladesh’s leather footwear exports fell by around 27% year-on-year in the nine months to March 2024, leading to a decline in the overall leather exports
Ted Baker UK to close 15 stores and cut nearly 250 jobs
Ted Baker is to close 15 of its stores across the UK within weeks and make 245 store and head office jobs redundant. The brand’s UK and Europe arm went into administration last month
Kidpik and Nina Footwear announce merger
The subscription-based online children’s clothing retailer and the company that owns the Nina Footwear brand, which specialises in women’s and children’s dress shoes, have entered into a definitive merger agreement
Strong year 2023 for Decathlon
The French group reported a “robust economic performance” in 2023, saying it had “laid a strong foundation for the future” under its new ‘Move People Through the Wonders of Sport’ strategy
Capri Holdings acquires the Italian shoemaker Sicla
The US-based conglomerate has signed an agreement to buy Sicla, the Tuscan shoemaker known for producing some of its Jimmy Choo’s collections. The move is designed to strengthen Capri’s manufacturing capabilities
APLF attracts around 12 000 visitors
The organisers said it was a “successful” return to Hong Kong in an edition “tempered by slow market demand”, which attracted around 12 000 buyers, with China and India topping the top 10 visitor countries
Asos reports a sales decline in the first half of its fiscal year
With its turnaround plan underway, the British retailer has issued a trading update for the first half of its fiscal 2024, in which sales fell by 18% year-on-year, but maintained its annual outlook
Martina Schiuma from The ID Factory: technology is key to accelerate change
We spoke to Martina Schiuma, head of sustainability at the platform The ID Factory, to find out more about their solution for fashion brands and retailers to improve supply chain transparency and traceability. In the end, we discussed where the fashion industry is on its journey towards a sustainable future
New Generation: Ana Amorim from Crème Caviar
Ana Amorim is responsible for the personalised bridal shoe brand Crème Caviar and is one of the teachers at the Portuguese Footwear Industry Vocational Training Centre (CFPIC). Let’s find out more
Authentic Brands Group agrees to buy Champion
The New York-based brand management company has reached an informal agreement to buy the Champion label from HanesBrands for a little more than 1 billion US dollars
SECOND CALL! Join the 10th edition of the World Footwear Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. WE WANT TO HEAR YOU!
Brazil: employment data points to a slight recovery in the footwear industry
The creation of more than 5 000 jobs in the Brazilian footwear industry in the first two months of this year is a sign of recovery, but it’s no cause for euphoria, says Abicalçados
Levi’s pulls out of footwear business
The denim company has announced that it is exiting the footwear business. This is part of its strategy to focus the business as it moves towards a more direct-to-consumer business
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