News
New CEO at the helm of Coats Group
The UK-based industrial thread manufacturer for apparel and footwear has now a new Chief Executive Officer. David Paja took up the role this month, succeeding Rajiv Sharma
Portugal aims to double its exports of technical footwear
The Portuguese footwear industry aims to double its exports of technical footwear to 100 million euros by the end of the decade. The FAIST project will be instrumental in achieving this goal
UK Retail: good signs for the run-up to Christmas
The cold weather in July did not bring good news for the UK retail sector, but the following two months spiced things up again. Fashion retail sales appear to be back on track with the wider economy, as continued falling inflation has led to lower prices. Consumers are still reluctant to spend given the difficulties of recent years, but the challenge for retailers is now to keep up and not fall behind again in order to boost demand in the months leading to Christmas
Decathlon’s investment arm to bring sustainable fashion innovation technology to Europe
Decathlon Pulse has partnered with unspun to expand the use of 3D weaving technology across Europe, with a focus on reducing waste and promoting sustainable, locally-produced fashion with minimal inventory
A favourable September for UK retail
As inflation fell to its lowest level in three and a half years, UK retail sales rose by 3.6% year-on-year in value terms in September, according to the latest ONS figures
Stella Holdings reports modest revenue growth in third quarter
Although Stella experienced modest revenue growth in the third quarter, year-to-date revenue growth is up by 5.1%, driven by sports orders. The company continues to make progress towards its three-year targets
Brazilian footwear exports show slight signs of recovery as export declines ease
Brazilian footwear exports fell by 7% in volume and 3.3% in value in September, but there are signs of stabilisation as growth picks up in key markets such as Argentina and the US
Third quarter update from 361 Degrees
The Chinese-based activewear company has released a third quarter operational update for the third quarter of the year, reporting consistent growth during the period
Ferragamo continues to struggle amid decreasing consumer confidence
The Italian luxury group reported a third quarter revenue drop of 7.2% year-on-year due to weak demand in the Asia Pacific region and declining wholesale sales, despite gains in Japan and Latin America
German leather goods and luggage industry expects challenging second half
Falling sales and imports in the first half of 2024 show the difficult moment the German leather goods industry is experiencing, with little hope of a turnaround in the second half of the year
adidas exceeds expectations with third quarter results
Preliminary results for the third quarter of 2024 show adidas with increased revenue and higher gross and operating margins. As a result, the company raised its full year guidance for the third time in 2023
LVMH reports drop in third quarter revenue
The luxury group has reported a 3% decline in organic revenue in the third quarter of the year, as compared to the same period of last year, including a 5% year-on-year decline in its fashion and leather goods division
Sandra Harris joins Genesco as new Chief Financial Officer
The US-based footwear company has appointed Sandra Harris as Chief Financial Officer. Harris succeeds Thomas George, the current Principal Accounting Officer, who plans to retire in December 2024
FDRA launches new tool to enhance supply chain mapping for footwear brands
FDRA launches new tool to help footwear brands map their entire supply chain, from raw materials to final assembly, ensuring compliance with new regulations on sustainability and forced labour
Germany Retail: dark clouds are hanging again over the footwear sector
The positive signs on the horizon for the footwear retail sector reported in the previous Flash were short-lived. Sales in the first half of the year were not what retailers had hoped for, and the continued stabilisation of shoe prices shows no signs of turning the situation around. Against a negative macroeconomic backdrop, consumer confidence has been downward, and retailers face many challenges, including business closures and labour market instability. Footwear imports have started to fall, pointing to a possible crisis in the sector
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