Companies
Matt Priest: the US footwear industry is resilient and agile
We have spoken to Matt Priest, who is the President & CEO of the Footwear Distributor & Retailers of America, to discuss in detail the achievement of the 100.7 billion US dollars record on consumer demand for shoes in 2021. We have also ventured into the future, going over the main concerns for the US footwear industry, such as rising inflation (7.5% in January), additional duties on Chinese consumers goods, but also the opportunities on the horizon
Polish footwear industry fears the impact of the war
The impact of the war between Russia and Ukraine on the industry might be substantial. Both countries represent important markets for Polish shoes
Wolverine Worldwide posts strong full year 2021
The Michigan-based giant has reported that revenue and earnings in the fourth quarter and full year 2021 have exceeded expectations despite ongoing supply chain disruptions
Foot Locker posts strong full year 2021
The retailer announced the results for the fourth quarter and full year 2021. Net income for fiscal 2021 totalled 893 million US dollars, as compared with 323 million US dollars in 2020
Farfetch announces first year of adjusted EBITDA profitability
The luxury e-commerce platform has reported a record Gross Merchandise Value of 4.2 billion US dollars in 2021. Adjusted Ebitda margin rose to a positive 0.1%
ABG completes the acquisition of Reebok
Authentic Brands Group has announced that it has finalized the acquisition of Reebok from adidas, its largest acquisition to date
Steve Madden announces record revenue
The New York-based designer and marketer of footwear, accessories and apparel has reported revenue of 1.9 billion US dollars in 2021. Revenue in the fourth quarter grew by 63.9%
New Generation: meet Sara Nunes
Sara Nunes is the new face of 3DCork. She has been working for the company since its foundation in 2006, but, this year, she took over the leadership of the family business dedicated to the production of cork components for the footwear industry. The company also produces items for the home
BCC emphasizes difficulties associated with the EU Trade deal
A report from the British Chambers of Commerce shows that 71% of UK exporters think that the EU trade deal is not enabling them to grow or raise sales; it has increased costs, paperwork and delays
DSW to invest 2 million USD into footwear factory in the US
Designer Brands, the parent of shoe retailer DSW, will partner up with Pensole College, ran by the footwear designer Dr. D’Wayne Edwards, to advance its diversity, equity and inclusion strategy. Thus, it will invest into the first black-owned factory in the US
Puma announces full year sales jump
In 2021, the German sportswear giant’s revenue grew by 32% over 2020, reaching 6.81 billion euros, driven by the Americas region’s performance. Puma also reported achieving a record EBIT
Vietnam is now responsible for 10% of the world footwear exports
The Asian country has been on the top 3 of the largest footwear exporters since we started to publish the World Footwear Yearbook in 2011. However, in 2020, for the first time Vietnam has crossed the 10% threshold
ABG strengthens partnership with Foot Locker to expand Reebok in the US
The footwear retailer will widen its assortment while exclusively offering selected Reebok footwear models, for all, in its owned-stores and complementary e-commerce websites in the US
JD delays final results for fiscal 2022 but raises outlook
The UK-based retailer has reported that the performance positive of the Holidays continued into January, so, “full year results are expected to be slightly ahead of previous expectations”
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-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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