The Germany-based sportswear giant announced its second quarter results for 2021. Revenue picked up everywhere except in Greater China. Sales growth in the period amounted to 51% in euro terms
The two tags announced an exclusive distribution partnership for Hush Puppies in North America. This initiative will make DSW Designer Shoe Warehouse the exclusive in-store distributor of Hush Puppies by 2022
The specialty footwear and lifestyle chain delivered increasing first half-year retail sales in 2021. Change of ownership to Arklyz Group has been successfully concluded
The Baltimore-based sportswear giant has reported unaudited financial results for the second quarter ended on the 30th of June 2021. Revenue was up by 91% to 1.4 billion US dollars. Under Armour has updated its outlook for the fiscal year
Driven by recent supply chain disruptions, American footwear brand Steve Madden has relocated about half of its women’s production to Mexico and Brazil from China. According to Business of Fashion (BoF) this will impact the Fall Season collection
The Michigan-based group which counts with a varied portfolio of footwear and lifestyle brands has acquired Sweaty Betty, a global fitness and lifestyle brand. The all-cash transaction is valued at approximately 410 million US dollars
On the back of the recent severe rainstorm in Henan Province the group has made the donation (cash and equipment) to the Henan Charity Network to support the frontline rescue work in the affected area and help the victims resume a normal life
The local government of the southern Indian state announced an overall investment commitment of 28.508 crores in 49 projects involving companies from various sectors. Footwear is included. The initiative is expected to generate 83.482 job opportunities
The New York-based specialty athletic retailer announced it has entered into a definitive agreement to acquire Eurostar, Inc. (WSS), a US-based athletic footwear and apparel retailer, which primarily operates on the West Coast
The latest edition of the Latin America exhibition Inspiramais, focused on solutions relating to sustainability, technology and fashion, was held between the 13th and the 16th of July. Over a thousand materials for the 2022_II season were launched
Footwear production was down by 15.8% in 2020. Data is taken from the World Footwear 2021 Yearbook just released by APICCAPS, the Portuguese Footwear Association
Strict lockdown measures to suppress Vietnam’s outbreak of COVID-19 threatens to lead to a decline in footwear exports in the second half of 2021. Companies such as Nike are already facing supply chain disruptions
The retailer has entered into a definitive agreement to acquire Text Trading Company, K.K., which owns and licenses the atmos brand, a digitally led, premium, global retailer headquartered in Japan
The French-based luxury group announced results for the first half of 2021. Revenue for the period exceeded the levels recorded in 2019, indicating a strong rebound for the Kering group
In 2020 footwear production and exports fell by 15.8% and 19% respectively. Data are taken from the World Footwear 2021 Yearbook just released by APICCAPS, the Portuguese Footwear Association. Previous forecasts were gloomier, and the World Footwear Experts Panel had pointed to a drop in global footwear consumption in 2020 of more than 20%. Final numbers for 2020 in the developed countries of Europe and North America are in line with such expectations. However, Asia and less developed countries outperformed expectations thus supporting a lower plunge in the global footwear industry