Companies
Circularity is an opportunity for luxury
Along with the continuing digital revolution of the metaverse and Web3, the transition towards a circular economic model is an unparalleled opportunity for luxury goods companies, says Deloitte
Consumption stagnation, price increases, and drop in employment expected for 2023
This is the main outcome of the most recent edition of the World Footwear Business Conditions Survey, conducted in November. Today we bring you a summary of some of the main conclusions
French luxury segment in need of specialized artisans
There are at least 20 000 vacancies for specialized workers in the French luxury segment, said the association that represents about a hundred luxury houses in the country
VF Corp lowers full year outlook
The US-based footwear group took up the opportunity of announcing the CEO transition to report that has cut again its full year outlook due to weaker consumer demand mainly in North America
Bata launches shoe collection made with recycled plastic bottles
The footwear group has introduced the latest collection from its Power brand. Dubbed Love Ocean, it highlights Bata’s concerns about plastic waste polluting the oceans
Andrea Guerra appointed CEO of the Prada group
The luxury group announced that the former CEO of Luxottica and LVMH's hospitality unit, Andrea Guerra, will be proposed as CEO at the next board meeting on the 26th of January 2023
VF Corp names Interim CEO as Steve Rendle steps down
The US-based footwear announced that Benno Dorer, Lead Independent Director of the VF Board of Directors, has been appointed Interim President and CEO, following Steve Rendle's decision to retire
Genesco cuts again full year outlook
The Nashville-based footwear group, which posted a third quarter net sales growth of 1% year-over-year, lowered again its annual outlook amid higher industry-wide promotional activity and cost pressures
H&M to lay off 1 500 people
The Sweden-based fast fashion company announced that it will cut around 1 500 jobs from its workforce as part of a global cost and efficiency programme recently initiated
Consumption stagnation, price increases, and drop in employment expected for 2023
This is the main outcome of the most recent edition of the World Footwear Business Conditions Survey, conducted in November. Today we bring you a summary of some of the main conclusions
Designer Brands announces third quarter results
The North-American company posted net sales of 865.0 million USD in the third quarter of 2022, with sales of owned brands representing 26.5% of the total, as compared to 21.5% in the same period of last year
Spanish Camper launches Wabi slipper made with regenerative wool
The Mallorca-based footwear company teamed up with a local material supplier to recreate the 22-years old Wabi slipper model using regenerative wool locally sourced and processed on the island
Foot Locker: high expectations for a future under Dillon's leadership
After a challenging few years, analysts and investors are placing high hopes on the fresh perspective Dillon will bring to the US-based retailer's future, says Sportstextiles.com
Ellen Schmidt-Delvin: we are all looking to Europe to show us the next innovation
Today we are sharing with you an interview with Ellen Schmidt-Delvin, Cofounder and Executive Director, University of Oregon. We have talked with Ellen about traceability, sustainability and innovation and all pressing issues of the footwear industry
Dr. Martens warns on full year profit margins
Despite a strong performance in the first half, the British label is concerned with full year profits due to weaker consumer demand, higher investment in its DTC channel and a stronger US dollar-
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