Footwear
Lemon Jelly: 10 years sprinkling happiness into our lives
The Portuguese brand celebrated its 10th anniversary with a cocktail party in a private showroom in Milan, where the new collection will be on display for a month. The actress and influencer Olivia Palermo was one of the attendees
Genesco reports a slight decline in sales
The Nashville-based footwear group posted a decrease in net sales of 2% over fiscal 2023, reaching 2.38 billion US dollars, amidst a challenging consumer demand environment
Caleres announces record annual sales
The US-based footwear group reached record annual net sales of 2.97 billion US dollars in 2022, up by 6.9% over the prior year, led by its brand portfolio segment
APLF due to return to Hong Kong
At the last edition of APLF, held from the 13th through the 15th in Dubai, the organization of the event confirmed that the next edition will once again take place in Hong Kong
Skechers and Martha Stewart release their first footwear collection
The US-based company teamed up with Martha Stewart to create the capsule collection A Day in the Life of Martha, covering her favourite looks for daywear, entertaining and weekend wellness
German footwear exports up by 19.4% in 2022
German footwear exports in 2022 grew in value by 19.4% over the prior year, totalling 9.6 billion euros, says the Federal Association of the German Footwear and Leather Goods Industry (HDS/L)
Prada reports annual revenue growth of 21%
The Italian-based luxury group reported a net sales growth of 21% in 2022 over the prior year. Both the Prada and Miu Miu brands performed “strongly”
VF Corp closes second green bond
The US-based company announced that it has closed a second green bond offering of 500 million euros to support further key sustainability initiatives
US Retail: slower growth for retail in the coming months
The available data suggests that footwear sales dipped in the last quarter of 2022. With inflation eating the wage growth and impacting the stability of the labour market, US consumers appear to have deemed footwear purchases as not essential. This situation is somewhat corroborated by the negative performances of several companies in the fashion category, such as Capri, Nordstrom and VF Corp, in the fourth quarter of the year. Their main concern relates to the excess inventory, which led to a highly promotional environment and caused imports to reduce. Accounting for the mixed feelings on the consumers’ side, it is safe to endorse cautious prospects for retail for these first months of 2023
ACCC launches investigation on Australian businesses for greenwashing
Australia's Competition and Consumer Commission (ACCC) will investigate several businesses, especially in the cosmetic, clothing and footwear and food and drink sectors, for potential greenwashing
Grendene posts fourth quarter results below expectations
The Brazilian footwear company suffered a revenue decline and an earnings loss in the last quarter of 2022, mainly due to a decline in the consumers’ disposable income caused by the difficult macro environment
adidas extends CFO's contract
The German-based company has announced that Chief Financial Officer Harm Ohlmeyer will remain in the role until the beginning of 2028. Changes to its executive board were also made
adidas posts weak fourth quarter
The company swung to loss in the last quarter of 2022 and saw its annual profit fall by 83%, reflecting the impact of a poor performance in China and the end of the Yeezy partnership
Nike and Tiffany team up on sneaker collab
The sportswear giant and the jewellery specialist have released Nike's Air Force 1 1837 style, a nod to the year Tiffany was founded. The collab includes a limited-edition sterling silver accessories collection
Brazilian Arezzo acquires first international brand
The Brazilian footwear and accessories group has acquired a 65% share in the Milan-based shoe brand Paris Texas, suggesting it plans to continue expanding its global footprint-
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