News
Shoe Carnival with record quarterly sales and net income
The US-based retailer of footwear and accessories reported results for the second quarter and six months periods ended on the 31st of July 2021. Shoe Carnival talks about record quarterly sales and record quarterly net income
Designer Brands: net sales grow by 66.9%
The North America-based designer, producer and retailer of footwear and accessories, announced its financial results for the three months ended on the 31st of July 2021
Johanna W. Hanneke Faber joins Tapestry Board of Directors
New York-based house of modern luxury accessories and lifestyle brands announced that Hanneke Faber has been appointed to Tapestry’s Board of Directors. The appointment of Ms. Faber to the Board brings the membership to eleven, including ten independent directors
Share of textile footwear exports decreased over last 2 years
Data is taken from the World Footwear 2021 Yearbook just released by APICCAPS, the Portuguese Footwear Association
Bangladesh leather industry sets new target for its exports
The country has set a target of 1.03 billion US dollars for the leather segment in its new fiscal year. A month has passed already, and leather footwear and finished leather are on target. Leather products missed the target set for the month
European exports increase market share over the last decade
The conclusion is taken from the World Footwear 2021 Yearbook just released by APICCAPS, the Portuguese Footwear Association
Net sales recovery at Columbia Sportswear
The Oregon-based sportswear company reported second quarter and first half results: net sales increased by 79% and 35%, respectively. Net result at Columbia Sportswear is on positive ground
Franco Fogliato is leaving Columbia Sportswear
The Oregon-based company focused on outdoor apparel, footwear, accessories and equipment announced that Franco Fogliato, Executive Vice President, Global Omni-Channel, is resigning from his position, effective after a brief transition period ending on the 3rd of September
Alibaba with 34% revenue growth
The Chinese-based ecommerce giant has announced results for the quarter ended on the 30th of June 2021. In the period, revenue of Alibaba totalled 205.740 billion Renminbi (31.87 billion US dollars), an increase of 34% year-over-year
Changes to the Board of Directors of Richemont
In advance to its upcoming annual general meeting due to be held on the 8th of September 2021, Richemont has announced changes to its Board of Directors
adidas to sell Reebok to Authentic Brands Group
The Germany-based sportswear giant entered into a definitive agreement to sell Reebok to Authentic Brands Group (ABG) for a total consideration of up to 2.1 billion euros
Burberry reports growth acceleration
The luxury group announced comparable store sales with a strong rebound in the first quarter, rising by 90% in comparison to last year. Retail revenue reached 479 million British pounds (566 million euros)
Strong first quarter for Dr. Martens
Group revenue was up by 52% year on year. By channel, Dr. Martens saw recovery of its retail segment while ecommerce registered good growth against a very strong comparative and a strong wholesale performance. All regions saw good growth
LVMH signs pact to promote and protect specialised skills
The “WE for ME” pact for the Métiers d’Excellence reinforces the commitment of the 75 Maisons of the luxury group to craftsmanship and diversity, with special emphasis on passing on the savoir-faire to the next generations
Geox is closing its Serbian factory
The Italy-based company is closing down its Serbian plant in Vranje. The decline in demand for formal men’s and women’s shoes is pointed as the reason for the closure
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