News
LVMH posts a 14% drop in net profit
The French-based luxury conglomerate has posted a 14% year-on-year fall in first half net profit amid an uncertain macroeconomic environment. Fashion & Leather Goods division hit by currency fluctuations
Mango launches first campaign entirely generated by AI
The Spanish fashion group has used generative AI to create a campaign for the limited-edition Sunset Dream collection of its youth line. The initiative underlines the company’s commitment to innovation
Upward trend in Vietnamese exports of leather, footwear and handbags
Based on positive results so far, Vietnam’s exports of leather, footwear and handbags could reach 26 to 27 billion USD by the end of the year, according to Lefaso
US Retail: there’s still a great deal of uncertainty
There are still no solid signs of a recovery in the footwear retail sector. Despite mirroring last year’s trend, sales are consistently lower than in 2023, and footwear imports continue their downward trajectory. This may suggest that prices have not yet reached a level where consumers will bite. The truth is that the US economy has made great progress and inflation has eased considerably, but not enough to reassure consumers, who are still uncertain about what will happen next. And when that happens, discretionary items always pay the price
Portuguese Trofal breathes new life into Elite with a focus on women
Portuguese footwear manufacturer Trofal is breathing new life into the Elite brand by expanding its range for women while maintaining the brand’s key attributes of quality, resistance and durability
Shift towards Streamlined Production Lines is Anticipated
In this edition of the survey, we asked our experts about their opinion on which technology – from a pre-selected list – is most likely to revolutionize the footwear industry in the coming years. Read all about it now
German shoe wholesaler Pölking ends insolvency proceedings
After 14 months of self-administration, the German shoe wholesaler Pölking has emerged from insolvency and has repositioned itself to adapt to new market conditions
Uniqlo fuels growth for Fast Retailing
The Japanese fashion retailer has posted a large increase in revenue and profits in the first nine months of its current fiscal year, driven by strong performances from Uniqlo across almost all regions
Birkenstock welcomes new Managing Director for Southeast Asia and Down Under
The footwear company has appointed Evelyn Chua as Managing Director for Southeast Asia and Down Under. In this newly created role, she will be in charge of expanding the brand’s presence in the region
Stella Holdings reports first half growth driven by the sports category
Unaudited results for the second quarter and first half of 2024 show that the Hong Kong-based manufacturer’s growth has been driven by an increase in shipments in the sports category
Shoes For Crews Emerges from Chapter 11
The Florida-based slip-resistant footwear brand has completed the sale of substantially all of its assets and emerged from Chapter 11 bankruptcy protection
Asics raises its profit estimates
The Japan-based sportswear company has raised its full-year operating profit guidance by 64% year-over-year on rising demand for its sneakers in the domestic market and abroad
Mulberry appoints new CEO
The British luxury brand has announced the appointment of Andrea Baldo as Chief Executive Officer, effective from the 1st of September. He succeeds Thierry Andretta, who has already stepped down
Low expectations for a recovery in the Italian luxury sector
There are no signs that the downturn in the luxury sector is over, says the Confindustria Moda. Only 1 in 10 entrepreneurs expects an improvement in the second quarter of the year
Better-than-expected second quarter results for adidas
According to preliminary results for the second quarter of the year, the German-based sportswear company posted a better-than-expected quarter and raised its full-year guidance as a result
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