News
Macy’s cuts 2 350 jobs
As it continues to streamline its business, the department store chain has announced that it will lay off about 3.5% of its workforce, or around 2 350 employees, and close five stores
Ferragamo reports decreasing full year revenue
The luxury group has warned of a slowdown in luxury demand, with preliminary consolidated revenue for 2023 down by 7.6% at current exchange rates and 8.1% at constant exchange rates year-on-year
Positive perspectives regarding the health of footwear business
In the latest edition of the World Footwear Business Conditions Survey, we have asked our panel members about their opinions regarding the health of their businesses in the next six months. Get free access to the report with the main conclusions
New Generation: meet Joana Esteves from Josefinas
Meet Joana Esteves, the co-founder and head of Josefinas, a Portuguese footwear brand created 10 years ago that aims to empower women and value the know-how of master shoemakers
Farfetch shareholders join forces to oppose the takeover of Coupang
A group of Farfetch shareholders have come together to block South Korean e-commerce firm Coupang’s impending takeover of the luxury e-tailer, citing an untransparent sales process
World Footwear Voices: interview with Sergio Dulio from UITIC
Today we bring you a conversation with Sergio Dulio, who took on the Presidency of UITIC last year. Watch the new episode of the World Footwear Voices
30 000 visitors expected at the next edition of Aymod
Around 30 000 visitors and 400 exhibitors are expected at the next edition of the Aymod Footwear Fashion Fair, which will be held in Istanbul from the 28th of February to the 2nd of March
Puma announces preliminary results for 2023
The sportswear company highlighted the impact of the devaluation of the Argentine peso on its results, with currency-adjusted sales growth of 6.6% in 2023, as compared to the prior year
LVMH reports another strong year
The French-based luxury conglomerate highlighted a “remarkable performance” from its Fashion & Leather Goods business group, with organic revenue growth of 13% year-on-year in 2023
Minelli finds a new set of owners
The French footwear retailer avoids liquidation by being taken over by three investors. Only a third of the workforce and less than half of the stores will be retained
National Retail Foundation announces new board members
The National Retail Foundation (NRF), which is part of the National Retail Federation, has welcomed four new members to its board of directors
Employment: stabilisation is the word for the footwear industry
In the latest edition of the World Footwear Business Conditions Survey, two-thirds of our panel members responded that they believe the level of employment will stabilise in the next few months. Get free access to the report with the main conclusions
Owner of Athlete’s Foot acquires Lloyd Shoes
The Swiss-based Arklyz Group has added another footwear brand to its portfolio by acquiring the German Lloyd Shoes from Ara Group, with all its operating subsidiaries
New leadership appointments announced at Allbirds
The US-based sustainable footwear brand has promoted Kelly Olmstead, formerly SVP of Brand & Marketing, to Chief Marketing Officer, and appointed Adrian Nyman to the newly created role of Chief Design Officer
Volume increase in Brazilian leather exports in 2023
In 2023, Brazilian exports of hides and skins rose by 13.0% in area and 21.5% in weight, as compared to the prior year. But in value terms, leather exports were down by 8.3% over 2022
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