Companies
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
Under Armour lifts outlook
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
Steve Madden shifts production from China to Mexico and Brazil
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
Wolverine buys women’s activewear brand Sweaty Betty
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
Tamil Nadu ensures investment of 28.508 crores
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
Foot Locker enhances positioning in North America with acquisition of WSS
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
Inspiramais looks at the future
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
Growth in production accumulated over a decade wiped away in 2020
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
COVID-19 outbreak in Vietnam threats footwear exports
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-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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