News
Importance of digital retail channels will continue to increase, survey reveals
In the latest edition of the World Footwear Business Conditions Survey, half the experts surveyed said they believe digital retail channels will increase their share in footwear sales in the next three years
Hermès posts full year revenue growth
The French-based luxury group reported “an outstanding performance” across all regions in 2023, with total revenue up by 21% year-on-year at constant exchange rates to 13.42 billion euros
Deckers appoints Robin Green as President of Hoka
The California-based company has appointed Robin Green to the role of President of the Hoka brand. She most recently served as global vice president of Men’s Running and Fitness at Nike
Portuguese footwear industry to invest 600 million euros
The Portuguese footwear industry will invest 600 million euros by the end of the decade in innovation, sustainability, management and worker skills, and internationalisation as part of its strategic plan
Capri’s performance hit by weak consumer demand
The parent company of Versace, Michael Kors and Jimmy Choo continued its downward trend in the third quarter of fiscal 2024, mainly due to slower consumer demand in the Americas region
Tapestry raises full year earnings guidance
The owner of Coach, Kate Spade and Stuart Weitzman has raised its earnings guidance for fiscal 2024 after posting better-than-expected revenue and profit growth in the second quarter
Indian leather and footwear industry to reach 47.1 billion USD by 2030
India’s leather and footwear industry turnover is expected to grow significantly from around 17.3 billion today to 47.1 billion USD by 2030, according to a strategic document for the sector
Physical and Chemical Tests: What tests should a footwear brand perform on their products?
Just released! A new paper dedicated to testing in the footwear industry. Learn all about testing and understand what physical and chemical tests are, and which ones are relevant for your products and why
Trade associations from around the world call on countries to defend maritime safety
In response to the recent attacks in the Red Sea, more than 100 trade associations are calling on countries to join, support or align with the mission of Operation Prosperity Guardian, an initiative that stands for maritime safety
Bangladesh Central Bank lowers export incentives
Bangladesh has announced cuts to export incentives in almost all sectors as the country prepares to exit Least Developed Country status in 2026. The leather industry is one of the hardest hit
Another disappointing quarter for VF Corp
The parent company of Vans and The North Face posted a 16% year-over-year decline in revenue in the third quarter of fiscal 2024, largely due to a “shift in the timing of wholesale deliveries”
UK retail sales growth slow in January amid weak demand
UK retail sales slowed in January, rising by just 1.2%, against a growth of 4.2% in January 2023, the British Retail Consortium said, warning that the high cost of living is entering its third year
Kering’s revenue declines after trying 2023
The French-based luxury group has reported a 4% year-on-year decline in revenue in 2023, driven by weak performances of all its main Houses. Fourth quarter also disappointed
Footwear retail prices expected to increase
In the latest edition of the World Footwear Business Conditions Survey, panel members revealed their expectations regarding future increases in footwear retail prices. A sentiment influenced by the high inflation recently experienced
Columbia Sportswear warns of a challenging year ahead
The US-based company posted a year-on-year drop in profits in 2023, as well as a weak fourth quarter. It also warns of a challenging 2024, as economic and geopolitical uncertainty remains high
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