Companies
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
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
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
Czech retail sales growth slows down in June
Data from the Prague-based Czech Statistical Office (CZSO) reveal that Czech retail sales increased at a softer pace in June
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
Rocky Brands: revenue up by 134.2%
The Ohio-based company has announced second quarter results marked by an increase in net sales of 134.2% (to 131.6 million US dollars). Wholesale segment increased by 195.0% and retail by 36.8%
Asia accounts for more than half of global footwear consumption
In 2020 Asia’s consumption accounted for more than half (55.8%) of the grand total worldwide. After being the major manufacturing hub for the footwear world, now Asia is also playing a key role in the consumption side. Data is taken from the World Footwear 2021 Yearbook just released by APICCAPS, the Portuguese Footwear Association
Pakistan footwear exports in growing mode
In the first eleven months of the current fiscal year, Pakistan exported 16.61 million pairs of shoes, resulting in exports revenue of 131.89 million US dollars. This reflects an increase of 22.03% in volume and 4.72% in value
Skechers’ Animal Rights Movement reaches 7 million US dollars in donations
The company’s BOBS from Skechers Philanthropic Collection has helped save and support over 1.3 million shelter dogs and cats in the United States and Canada
Tapestry establishes Foundation to promote equity and fight climate crisis
The New York-based house of luxury accessories and lifestyle brands has also announced the expansion of its Corporate Responsibility agenda. Tapestry intends to influence positive change for the industry
Asics invests in Japanese insole makers
The Japanese sports footwear giant has financed the healthcare start up Japan HealthCare Co., Ltd, which has developed custom-made insoles created from photos of feet taken by a smartphone
adidas raises full year outlook
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
Hush Puppies & Designer Brands in partnership
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 Athlete's Foot with strong retail sales growth
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-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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