Companies
US Retail: consumer confidence collapses while footwear retail slowly loses its drive
Despite the declining trend of the monthly shoe store retail sales and persistent macroeconomic headwinds such as supply chain disruptions and the continuous rise of inflation, US companies are displaying some optimism towards the remaining year. That is not the same as saying there is no caution or concerns on the horizon. The pace of the increase in footwear prices is in fact slowing, suggesting that the pressure of demand might be no more at work in the US. The critical point is that consumer confidence collapsed due to inflation and the war in Ukraine, which might restrain consumer spending this year
War on Ukraine to negatively impact footwear
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the expectations of our panel of international footwear experts
JD Sports appoints new Chairman
The UK-based retailer announced that Andrew Higginson has been named Chair of the group, effective today, after a thorough search process carried out by the Board
AMF shares innovative solutions with the industry
The safety footwear Portuguese company held a demonstration action to introduce solutions which have, or will have, an impact on the future of the footwear industry and our planet as well
Zèta: we are always on the lookout for new waste to recycle
We spoke with Laure Babin, the CEO of the zero-waste sneakers brand Zèta. Made exclusively from recycled, vegan and recyclable materials, the shoes are designed in Bordeaux, manufactured in Portugal and sold only across Europe to reduce the carbon footprint
DSW tests new format store ahead of back-to-school season
The footwear chain, owned by Designer Brands, has been testing since May in its Hedwig Village store in Houston a new store format to better engage with the youngest consumers
Wolverine Worldwide sells Champion footwear licence to HanesBrands
The company announced that its wholly-owned subsidiary Keds sold the Champion trademarks for footwear in the US and Canada to its licensee HannesBrands for 90 million USD in cash
Saye forecasts growth for 2022
The brand of sustainable footwear, which posted sales of 5 million euros in 2021, expects to reach revenue of more than 8 million euros this year, on the back of the launch of four new models
Quantity of footwear sold expected to increase
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the expectations of our panel of international footwear experts
Ferragamo opens NFT booth in Soho's concept store
The space, conceived as a new retail experience and creative hub, includes a hologram sneaker customization tool and an immersive NFT boot that allows customers to create their digital artwork
H&M with sales growth
The Sweden-based fashion group reported sales growth of 17% in the second quarter of fiscal 2022, highlighting the return of customers to physical stores
Founder of Rockport & Samuel Hubbard Shoe dies
Bruce R. Katz, the founder of both the Rockport Shoe and Samuel Hubbard companies, passed away on the 26th of June, at 75, after suffering injuries from a fall at his home in California
Nike announces fourth quarter and full year results
The US-based company posted full year revenue growth despite the impact of COVID-19-related disruptions in China and higher freight and logistics costs in the fourth quarter performance
ASSOMAC and UITIC join to organise 2023 Congress
The partnership between the National Association of Italian Manufacturers of Footwear, Leathergoods and Tanning Technologies (ASSOMAC) and the International Union of Shoe Industry Technicians (UITIC) has been announced during a press conference in Milan
Genesco appoints Gregory A. Sandfort lead independent Director
The former Chief Executive Officer and Director of Tractor Supply Company has joined the Genesco Board in 2021. Sandfort succeeds Matthew C. Diamond who has served in that role for the past four years-
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