Companies
Matthias Rosenthal from TÜV SÜD talks about the industry, sustainability and the global value chain
We spoke with Matthias Rosenthal, who has taken the position of Vice President Consumer Products (CPS) for TÜV SÜD’s Business Line Softlines back in March, becoming responsible for the sustainable and profitable development of Softlines globally
H&M will announce full year results next month
The Sweden-based fashion group has released its sales development for the full year of 2021, including its fourth quarter. The full report will be published on the 28th of January 2022
Sorel and Hoka join responsible packaging movement
Launched last year by Columbia Sportswear’s prAna brand, the movement has reached now 100 signatories. The footwear brands Merrell and Saucony had already signed it
Farfetch buys luxury release platform Luxclusif
The luxury e-commerce platform has announced the acquisition of the resale platform Luxclusif. The deal includes Luxclusif’s technology and its team, which will join Farfetch's group
Dr. Martens posts revenue growth
The iconic footwear brand reported strong performance in the first half of fiscal 2022, driven by retail recovery and sustained e-commerce growth
Foot Locker launches initiative to tackle social inequalities
The US-based footwear retailer has partnered up with Laureus Sport for Good Foundation to launch a multi-country initiative aimed at addressing inequality in underserved communities
SPARC to manage Reebok operations in the US
ABG, which will close the acquisition of Rebook next year, has established a partnership with its division SPARC to secure Reebok US’ operation, disclosing the strategy for the brand
Japan Retail: retail recovery didn't take place and confidence might be endangered if prices go up
The expected retail boost from the Olympic games never took place in Japan, and the retail index is still below the normal pace registered before the pandemic. With the lifting of the State of Emergency things are expected to improve. If retailers are still lacking confidence, consumers seem to have improved their mood. However, with a rising expecting about the growth of prices, this could negatively impact the good mood of consumers and further deteriorate the confidence of retailers
Designer Brands reports strong performance
The North-American designer, producer and retailer of footwear and accessories has announced results for the third quarter of fiscal 2021. Comparable sales grew by 40.8%
Skechers launches Our Planet Matters recycled collection
The new collection was designed to help reduce the company’s environmental impact. Skechers has also announced a partnership with the non-profit The Nature Conservancy
Shoe Carnival acquires Shoe Station
Shoe Carnival is buying the family-owned footwear retailer Shoe Station, which operates in five South-eastern US states, for 67 million US dollars. The goal is to expand its customer base
Genesco reports revenue increase
The Nashville-based footwear group has announced net sales increase of 25% in the third quarter of fiscal 2022, reaching 601 million US dollars, as compared to the third quarter of 2021
Prices of footwear to continue to increase
There is a rising expectation about the evolution of footwear prices in the coming months. Our experts anticipate prices to continue to rise, as a result of several pressure points impacting the business. Get access to the latest Business Conditions report and find out more today-
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