Footwear
Germany Retail: after a surprising summer, retail might not be able to withhold the impacts of recession
The analysis of both TCF (Textile, Clothing, & Footwear) Retail Index and footwear imports show that German consumers chose “to enjoy the present before it is too late”. In July, retail trade was still healthy enough to accommodate the price increases caused, first, by the impact of the pandemic on the global supply, and then, by the skyrocketing of energy prices following the Ukraine crisis, not to mention the high inflation. However, given the free fall of consumers’ and retailers’ confidence observed since March, additional uncertainties are expected to arise throughout Autumn. Furthermore, despite all gains observed in the recent past, the online seems to be losing some track, and the macroeconomic environment will not be an ally during the second half of 2022
Brazilian footwear sector with the best performance in job creation since 2015
With 44.4 thousand jobs generated between January and September 2022, the Brazilian footwear industry reached the best result in employment generation of the past seven years
Hoka's performance stands out in the second quarter
Deckers Brands posted a net sales increase of 21.3% in the second quarter of fiscal 2023, as compared to the same period of last year, with Hoka's sales growth of 58.3% standing out
Alexandra Moura reinvents Wock models
Following the success of the first collaboration, the Portuguese designer teamed up again with the Portuguese-based footwear professional company Wock to reinvent one of its models
VF Corp sales decline
The US-based group reported a revenue decline in the second quarter of the current fiscal year, as sales at Vans were noticeably down in this period, as compared to the same period of last year
Spain Retail: footwear retail fears the end of the year on account of macroeconomic uncertainty
Looking exclusively into the available evidence from the comparison between the monthly behaviour of footwear imports and the TCF (Textile, Clothing, & Footwear) Retail Index in Spain, as well as the TCF Retail Indicator by Eurostat, there are not yet red lights on the retail side, so far. But, as more consumers struggle to make ends meet with high inflation and increases in gas and electricity, footwear retail is expected to soon be a victim of the need to divert from non-essentials. Meanwhile, online sales appear to have stabilized, so, with the COVID-19 influence out of the picture, it is up to retailers to continue investing in this channel, where there is much yet to be done
Skechers named Company of the Year
The US trade publication Footwear News (FN) has decided to name the 30 years-old Skechers as Company of the Year for the third time in the history of the FN Achievement Awards
Puma reiterates full year outlook
On the back of yet another quarterly sales record, the German-based sportswear giant confirmed its outlook for 2022, despite signalling the continued volatility in the market
Skechers with steady growth
The US-based company posted a sales increase of 20.5% in the third quarter of 2022, year-over-year, emphasizing the "broad-based consumer demand" experienced since the start of the year
adidas terminates Yeezy partnership
Under growing pressure to cut ties with the Yeezy founder, Ye, due to a series of antisemitic statements, the sportswear giant has terminated the Yeezy partnership
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adidas lowers again full year outlook
The company, which announced preliminary results for the third quarter, cut once again its 2022 guidance in light of a drop in Greater China traffic and inventory build-up in Western markets
Red Wing Shoe Company appoints new CEO
The US-based footwear manufacturer named Allison Gettings as Chief Executive Officer, effective from the 1st of January 2023. She is the first woman to lead the company since its founding in 1905
William Wong: to prove sustainability we need transparent traceability
Today we bring you an interview with William Wong, President at Global Footwear Sustainability Summit and Vice President at Hong Kong Footwear Association. We have talked with William about what is going on the footwear industry nowadays-
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