News
ReHubs Europe: an initiative to boost textile waste recycling
After three years of preparation, the European body for the textile and clothing industry, Euratex, has officially launched the ReHubs Europe project to increase the recycling of textile waste
German industry association warns of new wave of insolvencies and closures
The German Trade Association for Textiles, Footwear, and Leather Goods (BTE) recalled that repayment of state aid under the pandemic approach, increasing the pressure on an already struggling sector
10 countries were responsible for 88% of total footwear production
In 2022, global footwear production reached 23.9 billion pairs, increasing by 7.6% compared to the previous year. A group of 10 countries accounted for 88% of all footwear produce in the world
VF Corp launches turnaround plan
After another disappointing quarter, the US-based footwear announced the launch of Reinvent, a comprehensive transformation programme focused on improving operational performance and brand-building
Aldo Group strengthens relationship with ABG
The footwear group has signed a new licensee agreement with the Authentic Brands Group (ABG) concerning the recently acquired Roxy label, just a few months after inking two other deals
Business of Fashion and APICCAPS discuss the future of the footwear industry
The Business of Fashion (BoF) magazine and the Portuguese Footwear Association (APICCAPS) co-hosted a panel to discuss the future of the rapidly evolving footwear industry
Demand for Hoka and Ugg drives Deckers' growth
Deckers posted a 25% increase in net sales and a 79% growth in diluted earnings per share in the second quarter of fiscal 2024, as compared to the same period of last year, thus raising its full year outlook
Ferragamo acquires minority stake in three Greater China joint ventures
The Board of Directors of the luxury group has announced the purchase of the minority interests held by Imaginex Holdings and Imaginex Overseas in the three Greater China joint ventures
Inditex signs a three-year agreement to buy recycled polyester for 70 million euros
The owner of Zara, among others, will be collaborating with the material sciences company Ambercycle to help scale a textile made from post-industrial and post-consumer polyester waste
Skechers announces record quarterly sales
The US-based footwear company posted a 7.8% sales growth in the third quarter of 2023, as compared to the same period of last year, reaching a “record” 2.02 billion US dollars
Decathlon launches buyback service in all its UK stores
The sporting goods retailer is expanding its buyback service to all its UK stores. Customers will be given in-store credit for returning products they may have outgrown or no longer use
Puma reports third quarter results
The sportswear company reported a 6.0% currency adjusted growth in the third quarter of 2023, as compared to the same period of last year, and said it is on track to achieve its full year outlook
Meet the speakers of the upcoming Word Footwear Congress
As the World Footwear Congress draws closer, we give you some more details about the speakers, who will be debating new business solutions, sustainability and circularity, and the future of labour
National footwear support programme approved in Argentina
A bill proposing the creation of a promotion scheme for the footwear industry was approved by the Lower House, with 127 votes in favour, passing on to the Senate
UK Retail: stabilisation of the footwear trade is the best we can hope for at the moment
The bad weather in July and August may not have helped retail over the summer, but it would be ill-advised to believe that’s what it’s all about. Despite some improvements in the general consumer price index, the footwear segment continues to show some resistance to going along with the trend. Inflation will have to continue to fall in order to contribute to sustained sales growth in the future, as most consumers have too much on their plate to spend on non-discretionary items. The only positive sign comes from imports, whose data seems to indicate that at least a stabilisation in retail trade is on the horizon
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