Companies
Yue Yuen turns around
The company posted revenue growth of 1% to 8.53 billion US dollars over the full year 2021, as compared to the previous year, amidst a challenging operating environment
Lenzing: a circular economy requires more innovation and collaboration
We spoke with Florian Heubrandner, Vice President Global Textiles Business at Lenzing AG, and Birgit Schnetzlinger, Head of Functional Wear Segment, to better understand how sustainability helped the company become a global technology leader in fibres’ production and discuss a more sustainable future for the industry
adidas adopts traceability solution for material compliance
The company is among the first ones to adopt the Stockholm-based company TrusTrace Certified Material compliance solution, which enables near real-time traceability at the material level
Kevin Bailey appointed Global Brand President of Vans
VF Corporation has announced the return of the veteran executive to the brand, after holding several leadership roles at VF. He will replace Doug Palladini, who has occupied this position since 2006
Designer Brands posts full year 2021 results
The North-American designer, producer and retailer of footwear and accessories has reported fourth quarter record sales of 822.6 million USD and full year revenue of 3.2 billion USD
Hermès to open two new leather goods workshops by 2026
The two workshops, which will employ 500 people, will allow the French luxury house to increase its production capacity while remaining committed to its artisanal culture
lululemon enters the footwear category
The performance apparel company will release four running shoe models specially designed for women first throughout 2022
Inditex posts sales above pre-pandemic levels
The group reported revenue of 27.72 billion euros in 2021, despite COVID-19's impact in the first and fourth quarters. Online channel continues to gain track, representing 25.5% of total sales
Shoe Carnival announces best year ever
The US-based footwear retailer has reported that net sales totalled 1.33 billion US dollars, the highest annual figure in the company’s record
APLF set to return in a special edition in Dubai
After an absence of two years since its last edition in Hong Kong, APLF returns to be held in the Dubai World Trade Centre (DWTC) from the 30th March to the 1st of April 2022
Skechers to open experiential store in metaverse
The US-based footwear giant has announced that it will open an experiential store in the Fashion District of Decentraland, the Ethereum-based virtual world
Caleres announces revenue and earnings growth
The footwear group reported consolidated net sales of 2.78 billion US dollars in year 2021. “Record-setting” fourth quarter results have provided momentum for the beginning of fiscal 2022
adidas reports strong growth
The sportswear giant posted currency-neutral sales growth of 16% in 2021 over the prior year, reaching 21.23 billion euros, despite disruptions in the Greater China and Asia-Pacific markets
Lenzing completes lyocell expansion project in Thailand
The leading supplier of wood-based speciality fibres has announced that it has completed its 400 million euros lyocell expansion project in Thailand, despite COVID-19 pandemic constraints
Spain Retail: leaving COVID-19 fears behind
Despite the spread of the Omicron variant in the last quarter of 2021, the TCF retail sales index shows overall a slow, but positive trend, and retailers’ confidence has not returned below pre-pandemic levels. Consumers are less optimistic, but the results are not substantially worse than two years ago. At the same time, they have embraced e-commerce, which seems to have demarcated itself from the course of the pandemic-
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