Companies
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adidas lowers again full year outlook
The company, which announced preliminary results for the third quarter, cut once again its 2022 guidance in light of a drop in Greater China traffic and inventory build-up in Western markets
Zara to launch Pre-Owned pilot project in the UK
This service, which will be launched on the 3rd of November, intends to help customers repair, resell or recycle their clothing. Zara's goal in the long term is to reduce its environmental impact
Red Wing Shoe Company appoints new CEO
The US-based footwear manufacturer named Allison Gettings as Chief Executive Officer, effective from the 1st of January 2023. She is the first woman to lead the company since its founding in 1905
Kering posts revenue growth
The French-based luxury group continued to grow in the third quarter of the year, led by the "stellar" performance of Yves Saint Laurent. Gucci still hit by COVID-19-related restrictions in China
Burberry raises pay rates early to support staff during cost-of-living crisis
The UK-based luxury group announced that, in light of the rising cost of living, has decided to anticipate the new UK real Living Wage pay rates by more than six months
William Wong: to prove sustainability we need transparent traceability
Today we bring you an interview with William Wong, President at Global Footwear Sustainability Summit and Vice President at Hong Kong Footwear Association. We have talked with William about what is going on the footwear industry nowadays
Hermès sales on rising mode
The French-based luxury group reported a sales jump of 30% in the first nine months of 2022, year-over-year, and shows no signs of slowing down. Price hikes are in the pipeline for 2023
Fátima Lopes celebrates 30 years of career with Portuguese shoes
The renowned Portuguese fashion designer celebrated her 30-years-old career with a commemorative fashion runway in Lisbon in which the mannequins wore Reve de Flo shoes
Asos embarks on reorganization under new CEO's leadership
In the process of introducing a new business model focused on increasing flexibility within its logistics and reducing costs, Asos is writing off up to 130 million British pounds (150 million euros) of stock
Join the 7th edition of the World Footwear Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. We want to hear you!
Decathlon changes name to 'Nolhtaced' in three Belgian cities
The sporting goods retailer has changed its name to Nohltaced (Decathlon written backwards) in Evere, Namur and Ghent, for one month, as part of its campaign to promote reverse selling
Skechers sues Hermès for patent infringement
The US-based company announced that it has sued the luxury group for allegedly infringing on multiple patents regarding its Massage Fit sole technology
France Retail: news are not uplifting footwear retail
The Footwear Retail Sales Index (by BdF) reached in July its lower score in thirteen months in a row, and data from imports from the same month which will most likely make importers revise their decisions to the downside after the increasing value available for june. Despite a slight relief in consumer confidence in August due to Governmental aid, the increase in prices left little space in the wallet for discretionary footwear purchases. Meanwhile, online retail seems to have gained about 50 percentage points in 30 months in France, but data does not allow us yet to conclude whether the footwear segment shares this performance
GOAT Group acquires resale platform Grailed
The marketplace group has acquired Grailed, the resale platform for men's luxury, streetwear, and vintage fashion. This move will enable GOAT to accelerate its apparel and accessories categories' growth-
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