News
Primark lowers prices across selected ranges of kidswear essentials
The fashion retailer has announced that it will lower prices on essential children’s items from the end of July to help British families cope with the ongoing high inflation
Kering buys a 30% stake in Valentino and announces first half results
The owner of Gucci will take a 30% stake in Valentino for 1.7 billion euros, with an option to buy 100% of the Italian brand's capital until 2028. Meanwhile, Kering's first half results disappoint
Assopellettieri names a new President
Claudia Sequi, Vice President of the Firenze-based Pelleterie Claudia, is the new President of the Italian Leather Goods Association for the 23/23 period. She succeeds Fabio Gabbrielli
Crocs hits quarterly revenue of more than 1 billion USD
The US-based footwear company posted a revenue growth of 11.2% in the second quarter of fiscal 2023, reaching 1.07 billion US dollars, as compared to the same period of 2022
2022: global footwear production reaches 23.9 billion pairs, back to pre-pandemic levels
In 2022 footwear production and exports grew by 7.6% and 9% respectively. Data are taken from the World Footwear Yearbook 2023 just released by APICCAPS, the Portuguese Footwear Association. Global footwear production reached the 23.9 billion pairs threshold, bouncing back to pre-pandemic levels. Last year 15.2 billion pairs were exported worldwide, representing a recovery from the drop registered as a result of the pandemic, yet still below the record registered in 2014 (15.7 billion pairs)
Authentic Brands Group acquires Rockport
The New York-based brand management company announced that it has received bankruptcy court approval to acquire the footwear brand Rockport, which had filed for Chapter 11 in June
Puma's sales increase but net income declines
The sportswear company posted a sales growth of 11.1% on a currency-adjusted basis, but a net income decline of 34.7% in the second quarter of 2023, as compared to the same period of last year
Strong first half for LVMH
The luxury group posted a 15% revenue growth and a 30% net profit rise in the first half of 2023, as compared to the same period of 2022, driven by a strong performance in Asia and Europe
Burberry's flagship store on New Bond Street has reopened
The iconic global flagship store, located at 21-23 New Bond Street in London, has reopened to the public to reinforce Burberry's positioning as the modern British luxury brand
CK Technology is the new owner of Görtz
After a difficult year, the insolvency proceedings of the Hamburg-based footwear retailer have been completed and the company is now owned by Vienna-based CK Technology Solutions
Brazilian footwear exports on downward trajectory
In the first half of 2023, Brazilian footwear exports declined by 13.6% in volume and 3.8% in value year-over-year due to a global economic slowdown. Performance in the US market has suffered the most
Journeys launches resale programme
The footwear retailer, owned by Genesco, has teamed up with the online resale platform thredUP to launch the ‘Journeys Second-Hand’ initiative, aimed at a more environmentally-conscious generation
Sale of some of Yeezy inventory impacts positively adidas second quarter results
In its preliminary results for the second quarter of 2023, the German-based sportswear giant recorded slightly better-than-expected results, raising its full year outlook in result
Programme for the next UITIC Congress is already available
The programme for the 21st edition of the International Congress of Technical Footwear, which will take place from the 20th to the 22nd of September 2023 in Milan and Vigevano, is now fully available
Shoe Zone raises full year guidance
The UK-based footwear retailer has raised its full year profit guidance for the second time in five weeks, following an “exceptional” sales month in June
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