Footwear
Under Armour announces third quarter results
The Baltimore-based company reported revenue growth of 3% in the third quarter of fiscal 2023, reaching 1.6 billion US dollars, as compared to the same period of the prior fiscal year
7th edition of the World Footwear Congress postponed
Due to the earthquakes that occurred in Türkiye and Syria on the past 6th of February, the next edition of the World Footwear Congress, expected to be held in May 2023 in Istanbul, has been postponed
Sneaker’s share to continue increasing
In the latest edition of the World Footwear Business Conditions Survey, we asked our panel of experts how they expected sneakers’ share of international footwear trade to evolve by 2050
UK Retail: bad odds for retail should consumer confidence remain on the floor
The Textile, Clothing, and Footwear (TCF) by the ONS stood above the 2019 baseline in the last two months of 2022, no doubt sustained by Christmas sales. But forecasts for the coming months are not so positive. The strain on household budgets due to the cost-of-living crisis will prove to be a challenge for retailers as well because while ongoing inflation will make sales appear to be rising, volumes will decline. Consumer confidence may be key in this equation. Even if it slightly improved in December, it was the first time in the GfK’s consumer confidence survey in the nearly 50-year history that a run of nine successive months of -40 pp or worse occurred. Should this continue, the odds are not good for retail
Portuguese footwear cluster with record results in 2022
Portuguese footwear and leather goods exports reached 2.35 million euros in 2022, a new all-time high, up by 22.2% as compared to the prior year. All segments registered significant growth
Capri Holdings posts revenue decline
The fashion group, which owns Versace, Michael Kors and Jimmy Choo, posted a revenue decline of 6.0% in the third quarter of fiscal 2023, as compared to the same period of last fiscal year
Designer Brands acquires Keds from Wolverine
The North American company has acquired the footwear brand Keds from Wolverine Worldwide, thus increasing its Owned Brands portfolio while reaching into the athleisure category
Geox announces full year preliminary results ahead of expectations
The Italian brand posted a sales growth of 21% in 2022 over the prior year, sustained by double-digit growth on all distribution channels and across all the main regions
Clarks teams up with Zara in capsule collection
The British footwear brand has teamed up with the fashion retailer to create a capsule collection that reinvents some of its classic designs, including the Wallabee and Desert Boot styles
Vans and Dickies drag down VF's revenue
The US-based company has reported a 3% decline in revenue in the third quarter of the current fiscal 2023, year-over-year, with Vans and Dickies performing poorly in the period
Hoka's third quarter sales up by 90%
The performance of the Hoka brand continues to stand out in the quaterly results of Deckers Brands, which posted net sales growth of 13.3% year-over-year in the third quarter of fiscal 2023
How can Additive Manufacturing (3D printing) be used by the footwear and leather goods sectors?
Just released! World Footwear Innovation Paper focused on new manufacturing tools available to the footwear and leather goods sectors and understand what 3D printing can do for your business
Gigi Hadid surrenders to Portuguese footwear
The international top model Gigi Hadid has recently picked Portuguese footwear. She was spotted wearing a pair of boots from the Portuguese brand Alameda Turquesa
Columbia Sportswear announces full year results
The US-based company reported a net sales increase of 11% in 2022 over the prior year. But, amid supply chain constraints, net income in the same period declined by 12% year-over-year
JD Sports announces new growth strategy for the next 5 years
The retailer has announced that is setting in motion a new strategic approach for the next five years, which includes plans to a "significant" retail expansion and brand-new financial growth goals-
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Footwear Consumer 2030
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