Footwear
Hermès posts robust full year results
The luxury group posted a sales growth of nearly 30% in 2022 over the prior year, reaching 11.60 million euros. Despite the global uncertainty, the group is approaching 2023 with confidence
Under Armour appoints new board members
The US-based company has appointed Carolyn Everson and Patrick Whitesell as members of its Board of Directors. Moreover, long-time member Harvey Sanders will step down from the Board on the 31st of March
Brazil: footwear exports get off to a good start
Brazilian footwear exports grew in both volume and value in January 2023, year-over-year, with shipments to EU countries offsetting the drop recorded in the US and Argentine markets
Crocs reports record annual revenue
The US-based company reported having reached a “record” revenue of 3.6 billion US dollars, up by 53.7% over 2021, driven by strong consumer demand. As a result, it anticipates a strong 2023
MICAM to host 988 brands in the upcoming edition
The international footwear trade show, which will be held from the 19th to the 22nd of February at Fiera Milano Rho, in Milan, will feature a total of 988 brands, including 451 foreign exhibitors
VF Corp names Silvia Onofri as President of the brand Napapijri
The owner of high-profile brands such as Vans, The North Face and Timberland has appointed Silvia Onofri to the position of Brand President of the outwear brand Napapijri
Next UITIC Congress to focus on sustainability and innovation
The 21st edition of the UITIC Congress, which will take place from the 20th to the 22nd of September 2023 in Milan and Vigevano, will address the relation between sustainability and innovation
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-
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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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