News
Japan Retail: no concrete forecasts as the country adjusts to a new economic paradigm
While the online channel continues to stand out in a retail market that has seen a slight increase in spending since September 2024, the fashion sector has struggled the most, most likely due to the warm weather that has affected seasonal shopping. For footwear in particular, after a year of low prices, there’s reason to wonder if the picture of near-zero interest rates could hurt consumer behaviour, as their confidence wanes. The overall stability of imports, despite currency fluctuations, doesn't allow for a concrete forecast
Strong second quarter for Tapestry
The US-based company has reported revenue growth in the second quarter, driven by Coach's performance, and increased profitability. As a result, it has again raised its full year guidance
Industry is confident regarding footwear retail prices
77% of the respondents of the last edition of the World Footwear Business Conditions Survey expect footwear retail prices to increase over the next six months. The report with the results of the 11th edition of the survey is now available
New Generation: meet Osvaldo Mesquita
With a degree in product design from the School of Arts and Design and a specialisation in footwear design from the Lisbon School of Design, Osvaldo Mesquita is one of the new names to emerge in the Portuguese footwear sector. He recently launched his own brand, Liquito Mesquita
Germany’s shoe industry navigates market changes
German footwear imports dropped, with Vietnam overtaking China as the leading supplier. Higher wages, inflation and political uncertainty add to the challenges shaping the industry’s outlook for 2025
Futurmoda 2025 to showcase advanced and sustainable footwear production
With a focus on eco-friendly production, Futurmoda 2025, on the 12th and 13th of March, will showcase advanced machinery, from biodegradable materials to automated assembly and 3D printing solutions
H&M reports fourth quarter and full year results
The Swedish fashion group has highlighted the strength of its online channel and improved profitability, despite lacklustre sales in the fourth quarter of its 2024 financial year
Deckers maintains good momentum
The California-based company has reported another strong quarterly performance, driven by good results from Hoka and Ugg, and has raised its full year outlook as a result
Brian Costello appointed Chief Merchandising Officer of Famous Footwear
The US-based footwear company Caleres, owner of Famous Footwear, has appointed Brian Costello as the brand’s Chief Merchandising Officer. He brings nearly 30 years of experience to the role
Maison Margiela appoints Glenn Martens as creative director
The OTB-owned luxury brand has found a successor to John Galliano, who left the label in December. Glenn Martens is the new creative director at Maison Margiela
Golden Goose announces new investor
The luxury sneaker company has announced that the Hong Kong-based Blue Pool Capital, founded by Alibaba Group co-founder and chairman Joe Tsai, has acquired a 12% stake in the company
Ferragamo CEO Marco Gobbetti leaves amid slowing sales
The Italy-based luxury group has announced the departure of CEO Marco Gobbetti, shortly after reporting lower preliminary sales for the fourth quarter and full year 2024
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
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