Footwear
Japan Retail: footwear trade is not expected to improve until the end of the year
Despite some positive news on the growth of department store sales and the return of foreign tourists, rising consumer prices set alarm bells ringing in September, suggesting that Japanese consumers in general are cutting back on spending and may be at their breaking point. In addition, the reduction in the volume of footwear imports and the impact of the country’s monetary policy on the cost of imported goods is another sign that footwear retail is unlikely to improve by the end of the year. The Government has been taking measures, but the outcome shouldn’t be seen until 2024
Portuguese Lavoro introduces ecological sole made from air
The Portuguese professional footwear brand presented a new ecological sole resulting from the combination of gas and TPU with a better mechanical performance
Participants at the 7th World Footwear Congress call for greater international cooperation
The 7th edition of the World Footwear Congress ended last week on a positive note, with the industry recognising the need for greater international cooperation to reshape its future
Under Armour reports better-than-expected results
The US-based company posted a better-than-expected second quarter performance, but due to the challenges faced in the North American region, it decided to lower its revenue guidance for fiscal 2024
US Retail: footwear prospects until the end of the year are at a standstill
Despite signs of a certain resilience from consumers over the summer, companies are taking a cautious approach for the rest of 2023. The long deceleration in footwear inflation came to a halt in August, so if the trend recedes, wage increases will have to follow suit, or the positive outlook for footwear retail could be jeopardised. It’s not surprising how carefully retailers are managing their inventory at the moment: neither too much nor too little
Timberland’s President Susie Mulder exits the company
Timberland’s global brand president Susie Mulder is existing VF Corp to pursue another opportunity, says Footwear News. She will be replaced on an interim basis by veteran Nina Flood
Rocky Brands reports another net sales decline
The US-based footwear manufacturer reported a net sales decrease of 14.8% in the third quarter of 2023, as compared to the same period of 2022, while emphasising an improvement on the prior quarter
Owner of Melissa and Ipanema delivers weak third quarter performance
The Brazilian Grendene posted a revenue decline in the third quarter of 2023, as unfavourable domestic macroeconomic conditions and the global economic slowdown continue to impact consumer demand
Columbia Sportswear’s net sales increase but profits decline
The US-based company reported a net sales growth of 3% but a net income decline of 7% year-over-year in the third quarter of 2023, highlighting some improvements in the US marketplace
Crocs with another strong quarter
The US-based footwear company posted a revenue increase of 6.2% in the third quarter of 2023, as compared to the same period of 2022, driven by double-digit revenue growth from the Crocs brand
Digital prototyping: what tools are available for the footwear industry?
Just released! A new paper dedicated to some of the new digital tools and softwares commonly used for prototyping in the footwear industry
10 countries were responsible for 88% of total footwear production
In 2022, global footwear production reached 23.9 billion pairs, increasing by 7.6% compared to the previous year. A group of 10 countries accounted for 88% of all footwear produce in the world
German industry association warns of new wave of insolvencies and closures
The German Trade Association for Textiles, Footwear, and Leather Goods (BTE) recalled that repayment of state aid under the pandemic approach, increasing the pressure on an already struggling sector
Business of Fashion and APICCAPS discuss the future of the footwear industry
The Business of Fashion (BoF) magazine and the Portuguese Footwear Association (APICCAPS) co-hosted a panel to discuss the future of the rapidly evolving footwear industry
VF Corp launches turnaround plan
After another disappointing quarter, the US-based footwear announced the launch of Reinvent, a comprehensive transformation programme focused on improving operational performance and brand-building-
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Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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