News
Ecco's 2022 earnings remained below pre-pandemic levels
The Danish-based footwear group reported a 30% rise in sales in 2022 over the previous year, but with earnings “considerably below pre-pandemic levels”, it added that results were not satisfactory
Ted Baker cuts 200 jobs
Ted Baker has cut around 200 jobs in its head office workforce. This move comes as the company transitions to an outsourcing model following its acquisition by Authentic Brands Group (ABG)
Nike posts a decline in profits
Despite seeing its revenue grow during the fourth quarter of fiscal 2023, the US-based company posted a 28% decline in net income from the same period of fiscal 2022
Report calls for actions across the whole supply chain to help reduce negative environmental impacts
According to a report by the non-profit financial think tank Planet Tracker, retailers and fashion brands have limited direct control of most negative environmental impacts in the textile industry
CTCP promotes Bioshoes Creators summer workshop
The Portuguese Footwear Technological Centre (CTCP) is organizing a summer workshop for designers, footwear technicians, industry professionals and students who want to develop skills in the sector
Venezuelan footwear production expected to grow by 20% in 2023
Venezuelan footwear production may increase by about 20% this year, says Tony Di Benedetto, President of Cavecal, but growth can be compromised if industry and trade conditions do not improve
Preparations for the next UITIC Congress steam ahead
The organization of the 21st edition of the International Technical Footwear Congress, which will be held next September, received 106 abstracts on the themes of sustainability and innovation
UK Retail: a too-long string of ifs damps the mood
Consumer confidence in the UK has yet to take off to somehow improve retailers’ mood in the textile and footwear sectors. Rising wages, falling energy bills and even slightly lower inflation may help brighten the atmosphere, but the uncertainty surrounding all of these factors doesn’t help retail much at present. For now, except for sticking to their previous conservative import decisions and watching closely for upcoming changes in consumption patterns, there’s little to be done
Bottega Veneta opens a new footwear factory
The Italian label, owned by the luxury group Kering, has opened a new footwear atelier in Vigonza, in the footwear district of Riviera del Brenta, located in the Veneto region
Indian Government introduces new quality standards for footwear
After some postponements, the Indian Government has resolved to proceed with the introduction of new mandatory quality standards for footwear and related products as of the 1st of July
JD Sports reiterates full year outlook
After reporting a positive trading update for May, the UK-based retailer said that it maintains its outlook of 1.04 billion British pounds in profit before tax and adjusted items
Assocalzaturifici names a new President for the Young Entrepreneurs division
Federica de Pascale, who works in her family's business, Calpierre, has been named the new President of the Young Entrepreneurs of the Italian Footwear Manufacturers Association
Skechers partners up with Rolling Stones
The US-based sneakers company has launched a limited-edition collection that features the Rolling Stones's iconic trademark tongue logo for both men and women
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