News
Cost of raw materials and competition in their home market worry the footwear industry
Respondents of the 11th edition of the World Footwear Business Conditions Survey elected the cost of raw materials and competition in their home market as the main difficultie sfaced by the industry
Portuguese footwear joins forces with London College of Fashion
The Portuguese Footwear, Components and Leather Goods Manufacturers' Association has just teamed up with the London College of Fashion (LCF) in a series of initiatives aimed at the next generation of design talent
US Retail: fuzzy outlook for the year 2025
While footwear sales are expected to have ended 2024 on a high note, overall retail sales were more subdued than in the previous year, suggesting that consumers were cautiously optimistic throughout the year. However, rising inflation in the final months of the year appears to have made them wary again and import figures suggesting that retailers will need to stock up again may be hard to come by, as the tariffs imposed by the Trump administration on goods from Mexico, Canada and China have caused some instability. While the outlook for 2025 is not negative, it is certainly not euphoric
US footwear industry voices concern over new tariffs from Trump administration
President Trump signed executive orders on Saturday to impose broad tariffs on products, including footwear, from the nation’s three largest trading partners, Canada, Mexico and China
Stella McCartney buys back LVMH’s minority stake in her namesake label
The fashion designer is buying back LVMH’s minority stake in the house she founded, but will continue to advise the group on sustainability issues, the two companies announced
VF Corp on track with its turnaround plan
The US-based footwear company has reported progress on its turnaround plan. Vans continues to improve quarter on quarter and the Americas region has returned to positive territory
Growing number of foreign buyers at Pitti Uomo
At the last edition of the men’s fashion fair held in Florence, foreign buyers increased by 6.5% compared to twelve months ago and in line with the June edition, while Italian buyers remained stable
Startup competition at Expo Riva Schuh & Gardabags showcases retail innovation
Expo Riva Schuh & Gardabags’ Innovation Village Retail featured nine startups pioneering digital and sustainable solutions, with CLOOV winning for its circular footwear business model
Dr. Martens starts to turn around in the US
The iconic British footwear company has reported a solid performance in its third quarter trading update, highlighting the progress it is making in the US. Full year outlook remains unchanged
Skechers opens first performance flagship location
Located in Canada’s West Edmonton Mall, the store offers an immersive experience with half courts and the company’s extensive performance range of footwear technologies worn by athletes worldwide
Primark lowers full year outlook
The UK-based fashion retailer, owned by Associated British Foods, has lowered its full year outlook, after a first quarter sales decline in the UK and Ireland, which accounted for around 45% of its total sales
LVMH reports stable performance after a difficult year in 2024
Amidst a challenging global economic environment, the France-based luxury group has reported stable 2024 results, highlighting a slight acceleration in growth in the fourth quarter
Puma launches efficiency programme after profit miss
After reporting a full year net income below the previous year’s level and below expectations, the German-based sportswear company has launched a cost-efficiency programme
Transition to a 5.0 industry is underway for the European footwear industry
Partners from Belgium, Romania, Italy, Portugal and Spain recently met in Brussels to plan the next steps of the Shoe 5.0 project, which aims to equip the footwear industry with the skills and mindset needed to make the leap to Industry 5.0
Sustainability takes root in the Portuguese tanning industry
The BioShoes4All project is bringing a new generation of products to life and bearing fruit in the Portuguese tanning industry. The results achieved so far have been recently presented at a demonstration event
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