News
Footwear in Poland: a country snapshot
Today, we bring to you our new country snapshot, this time focusing on Poland, which constitutes a major hub for footwear trade in Central Europe. In 2020, despite the constraints imposed by the COVID-19 pandemic, both imports and exports increased, making the country the 10th biggest exporter importer of footwear worldwide
Hermès posts strong performance in 2021
The French-based luxury group reported an increase in revenue of 42% at constant exchange rates, and 41% at current exchange rates, as compared to 2020, reaching 8.98 billion euros
Allbirds launches new resale platform
The ReRun resale platform, launched in partnership with Trove, a provider of recommerce services, is part of the Californian-based company’s holistic commitment to sustainability
Crocs completes the acquisition of Heydude
The US-based brand of causal footwear, famous for its clogs, has announced to have completed the acquisition of the casual footwear brand Heydude
Vietnamese factories to continue working amid Omicron surge
Despite a new peak in COVID-19 infections, the high vaccination rate has enabled factories to continue producing, reversing last year’s policy of lockdowns
Leather Naturally (LN) and Leather Working Group (LWG) join forces
The two leather industry non-profits have announced a reciprocal membership agreement. They will collaborate more closely to help consumers overcoming certain misconceptions about leather
Tríbio: the newest Portuguese sustainable brand in the market
The Portuguese brand wants to take care of the Planet first. It stands out for being truly biodegradable and compostable and having every component certified
Crocs announces record revenue
The US-based company of casual footwear has reported revenue increase of 66.9% in 2021, reaching 2.3 billion US dollars. For 2022, Crocs is expecting to exceed revenue growth by 20%
Bangladeshi leather exports ahead of strategic growth targets
In the first seven months of the current fiscal year, the Bangladeshi leather industry reported growth across all segments, generating a total revenue of 682.74 million US dollars
Brazilian footwear launches series on sustainability
The ten-episode international series is part of a campaign, to be launched this year, that intends to reposition Brazil as a sustainable player worldwide
Under Armour announces fourth quarter and full year 2021 results
The Baltimore-based group has reported revenue growth of 27% in 2021, reaching 5.7 billion US dollars, as compared to the prior year. In the fourth quarter, revenue totalled 1.5 billion US dollars
Asics partners up with virtual training platform
As part of the company's digital expansion strategy, Asics is joining forces with the online platform Zwift to create online running experiences that can assist runners achieving their goals
Turkish footwear exports reached 1 billion US dollars in 2021
The record figure reflects an increase of 22.9%, as compared to 2020. Turkish footwear industry is benefiting from demand for suppliers located close by to Europe
Tapestry announces record quarterly sales
The New York-based luxury group, owner of Coach, Kate Spade and Stuart Weitzman, improved its outlook for fiscal 2022 after reaching 2.14 billion US dollars revenue in the second quarter
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