Companies
Steve Madden cuts full year outlook
Despite a revenue increase in the third quarter of 2022, the US-based designer and marketer of footwear, accessories and apparel for women, men and children lowered its full year outlook
École Hermès des savoir-faire expands training programme
Hermès apprenticeship training school, which prepares students for the French national diploma in leatherwork, will include a vocational qualification certification in cutting and stitching
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US low-income shoppers to spend more this holiday season
Low-income shoppers are planning to spend 25% more year-over-year, while the high-income group is pulling back. Overall, holiday spending is expected to be flat year-over-year
Columbia Sportswear reports strong performance
The US-based company posted a net sales increase of 19% in the third quarter of 2022, driven by the performance of the Sorel and Columbia brands, and confirmed its full year outlook
Stella posts revenue increase
In the first nine months of 2022, the Hong Kong-based footwear manufacturer and retailer posted a 13.5% consolidated revenue growth despite "increasing macroeconomic headwinds"
Hoka's performance stands out in the second quarter
Deckers Brands posted a net sales increase of 21.3% in the second quarter of fiscal 2023, as compared to the same period of last year, with Hoka's sales growth of 58.3% standing out
Alexandra Moura reinvents Wock models
Following the success of the first collaboration, the Portuguese designer teamed up again with the Portuguese-based footwear professional company Wock to reinvent one of its models
VF Corp sales decline
The US-based group reported a revenue decline in the second quarter of the current fiscal year, as sales at Vans were noticeably down in this period, as compared to the same period of last year
Spain Retail: footwear retail fears the end of the year on account of macroeconomic uncertainty
Looking exclusively into the available evidence from the comparison between the monthly behaviour of footwear imports and the TCF (Textile, Clothing, & Footwear) Retail Index in Spain, as well as the TCF Retail Indicator by Eurostat, there are not yet red lights on the retail side, so far. But, as more consumers struggle to make ends meet with high inflation and increases in gas and electricity, footwear retail is expected to soon be a victim of the need to divert from non-essentials. Meanwhile, online sales appear to have stabilized, so, with the COVID-19 influence out of the picture, it is up to retailers to continue investing in this channel, where there is much yet to be done
Skechers named Company of the Year
The US trade publication Footwear News (FN) has decided to name the 30 years-old Skechers as Company of the Year for the third time in the history of the FN Achievement Awards
Puma reiterates full year outlook
On the back of yet another quarterly sales record, the German-based sportswear giant confirmed its outlook for 2022, despite signalling the continued volatility in the market
Skechers with steady growth
The US-based company posted a sales increase of 20.5% in the third quarter of 2022, year-over-year, emphasizing the "broad-based consumer demand" experienced since the start of the year
adidas terminates Yeezy partnership
Under growing pressure to cut ties with the Yeezy founder, Ye, due to a series of antisemitic statements, the sportswear giant has terminated the Yeezy partnership-
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