News
Nike to cut 740 jobs at Oregon headquarters
The US-based sportswear giant is planning to cut over 700 employees at its world headquarters in Oregon by June. This is the second phase of the layouts announced in February
Sales decline at Columbia Sportswear
The US-based company posted a 6% year-over-year decline in the first quarter of 2024, in line with previous expectations, due to a general slowdown in demand and a difficult competitive environment
FDRA calls on Biden administration to eliminate footwear tariffs
Matt Priest, president and CEO of the Footwear Distributors & Retailers of America (FDRA), called on the Biden administration to eliminate tariffs on footwear in order to address rising shoe prices
2023: a year of mixed results in casual and outdoor
In a challenging year for retail, marked by high inflation and weaker consumer demand, we looked at how some of the key players in the casual and outdoor segment are faring and whether some may be poised for a comeback
FaW Tokyo closes on a positive note
Held from the 17th to the 19th of April, the Japanese fashion trade show closed on a positive note, attracting 22,901 visitors from all around the world
Portuguese consortium launches 34 cutting-edge solutions to have the world’s most advanced industry
As part of a consortium led by Carité and coordinated by CTCP, several companies are working to develop 34 innovative products by the end of next year to make the Portuguese footwear industry the most qualified in the world
Shein eyes acquisition of Topshop
According to The Sunday Times, Topshop’s owner, Asos, has reportedly attracted interest from several prominent retail companies, including the Chinese fast-fashion giant Shein
Primark reports strong sales growth in the H1
Associated British Foods (ABF) has reported strong sales growth for Primark in the first half of the year, highlighting that the Christmas season helped to offset the impact of a slow start to the cold season
Golden Goose welcomes Bizzarri to the board at a time of strong momentum
Former Gucci president and CEO Marco Bizzarri joins the board of the Italian luxury sneaker company as sales continue to grow, driven by strong performance across all regions
JD Sports announces acquisition of Hibbett
The British sports retailer has proposed to buy the US sportswear retailer Hibbett for around 1.08 billion USD. The move will allow JD Sports to expand its business in the North American country
Marco Gobbetti confirmed as CEO of Ferragamo
The Italy-based luxury group has confirmed the appointment of Marco Gobbetti as Chief Executive Officer and General Manager of the luxury company until the end of 2026
Cortume Krumenauer: five generations tannery and an innovative retail concept
Get to know Cortume Krumenauer, a Brazilian-based tannery specialised in the production of vegetable-tanned leather and learn more about their business, which now also includes Sculp Leather Store
Kering expects H1 recurring operating income to decline by 40-45%
The French-based luxury giant expects its first half operating profit to plummet by 40% to 45%, after reporting a 10% year-over-year fall in sales, largely due to the weak performance of Gucci
US regulator moves to block Tapestry’s acquisition of Capri
The Federal Trade Commission (FCT) has filed a lawsuit to block the merger of luxury fashion conglomerates Tapestry and Capri Holdings, arguing that it would lead to higher prices for US consumers
US retail sales rise again in March
Retail sales rose by 0.7% in March compared with February (seasonally adjusted), following a 0.9% rise in the previous month, reflecting continued consumer strength
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