Footwear
Portuguese footwear industry to invest 50 million to be the most modern in the world
In a project coordinated by the Footwear Technology Centre of Portugal (CTCP), the Portuguese footwear industry is bringing together 45 partners to develop the intelligent factory of the future
APLF confirms homecoming
After a successful 37th edition that attracted over 5 000 visitors from 92 countries, the APLF trade fair will return to Hong Kong for the next edition, scheduled for 19-21 March 2024
Tempe reports full year sales growth
The footwear manufacturer Tempe, which is part of the Spanish fashion group Inditex, reported an all-year-round revenue growth of 7.9% in 2022 to 1.41 billion euros from 1.30 billion euros in 2021
Shoe retailer Reno declares bankruptcy
Just six months after changing ownership, the Osnabrück-based shoe retailer filed for bankruptcy amid a crisis in Germany’s footwear sector that led to a wave of insolvencies in recent months
Dr. Martens appoints non-executive director
The iconic British footwear brand has announced that Andrew Harrison will join the board of the company as an independent non-executive director, effective as of the 1st of May
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Allbirds to release the world's first zero carbon shoe
The Californian sustainable footwear brand claims to have created the “world’s first net carbon shoe”, named M0.0NSHOT, by completely reimagining the way it makes products
Stella International launches three-year growth plan
The footwear manufacturer confirmed its positive 2022 results, while taking the opportunity to launch a three-year plan (2023 – 2025) that focuses on growth and margin expansion
First black-owned US footwear factory opens its doors
The North American company Designer Brands inaugurated, along with the Pensole Lewis College of Business & Design, the first black-owned footwear factory in the US, called 'JEMS by Pensole'
Yue Yuen warns on cloudy short term outlook
Despite reporting revenue and earnings growth over 2022, the group highlighted that the demand for footwear remains cloudy in the short term due to the many global headwinds impacting the business
Nike reports sales increase
As it continues to clear out its excess inventory, the US-based sportswear giant reported that its revenue increased by 14% in the third quarter of fiscal 2023, year-over-year
Wolverine Worldwide appoints new Chairman
The US-based company announced that its Chairman Blake Krueger will be retiring from the Board after 30 years with the company, being succeeded by Tom Long, the Board's Lead Independent Director
Japan retail: unlocking consumer confidence is key for retail
The volume of footwear imports closed 2022 about 10 percentage points below the 2015 baseline, suggesting that the impact of the imported inflation on prices has been clouding the real performance of retail sales in the category. Both the government and some companies have offered inflation allowances or anti-inflation subsidies, but given the saving Japanese mindset, it can be expected that any additional disposable income will not necessarily be used for discretionary shopping, such as clothing and footwear. To boost consumption, it is therefore needed to unlock consumer confidence, which improved only marginally In February, and appears now to be flattening
Scholl teams up with denim brand Re/Done
The footwear brand has teamed up with the Californian-based brand Re/Done on a limited-edition footwear capsule collection for the spring/summer 23 that reimagines the iconic Pescura sandal
Shoe Carnival sales decline
The US-based footwear retailer posted a fourth quarter and annual sales decline in 2022 over the prior year, but profits exceeded pre-pandemic levels-
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Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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