News
Stella Holdings reports first half growth driven by the sports category
Unaudited results for the second quarter and first half of 2024 show that the Hong Kong-based manufacturer’s growth has been driven by an increase in shipments in the sports category
Shoes For Crews Emerges from Chapter 11
The Florida-based slip-resistant footwear brand has completed the sale of substantially all of its assets and emerged from Chapter 11 bankruptcy protection
Asics raises its profit estimates
The Japan-based sportswear company has raised its full-year operating profit guidance by 64% year-over-year on rising demand for its sneakers in the domestic market and abroad
Mulberry appoints new CEO
The British luxury brand has announced the appointment of Andrea Baldo as Chief Executive Officer, effective from the 1st of September. He succeeds Thierry Andretta, who has already stepped down
Low expectations for a recovery in the Italian luxury sector
There are no signs that the downturn in the luxury sector is over, says the Confindustria Moda. Only 1 in 10 entrepreneurs expects an improvement in the second quarter of the year
Better-than-expected second quarter results for adidas
According to preliminary results for the second quarter of the year, the German-based sportswear company posted a better-than-expected quarter and raised its full-year guidance as a result
Decathlon launches new subsidiary to expand its presence around the world
The French-based sporting goods retailer has launched Decathlon Pulse, a fully-owned subsidiary focused on expanding its global presence and driving additional long-term growth
Puma named one of the world’s most sustainable companies by Time magazine
The company has been named one of the “World’s Most Sustainable Companies” by the US magazine Time and Statista, based on environmental data as well as assessments given by external organisations
Pope Francis receives a pair of Portuguese shoes
As part of its 40th-anniversary celebrations, the Portuguese company RICAP Shoes, represented by its administrator and founder, hand-delivered a pair of sandals to His Holiness at the Vatican
Deckers announces board approval of six-for-one forward stock split
The owner of the Hoka and Ugg brands has announced that its Board of Directors has approved a six-for-one forward stock split to make its common shares stock more affordable and attractive
Burberry announces new CEO and warns of loss as first quarter sales slump
The luxury company has warned of an operating loss in the 1H of the year if the slowdown in the luxury sector continues, after reporting a 21% year-on-year fall in sales in the 1Q and announcing the exit of CEO Jonathan Akeroyd
Dr. Martens maintains full year guidance
The UK-based footwear company has reported that trading in the first quarter was in line with expectations and that its guidance for the financial year 2025 remains unchanged
Footway Group moves e-commerce business to a new group
The Sweden-based Footway Group AB has transferred its e-commerce business to a new group of companies, as part of a strategic review that has been underway for the past four years
adidas poised to report the highest profit in three years
The sportswear company is expected to post strong sales and its highest profit margin in three years in the second quarter, according to analysts. The forecast comes amid recent struggles at rival Nike
Brazilian footwear industry concerned by surging Chinese imports
The warning comes from Abicalçados. The surge in Chinese footwear imports is causing concern for the Brazilian footwear industry, which continues to see a steady decline in exports
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