Companies
UBS foresees 80 000 stores closures in the US by 2026
The analysis presented by the investment bank indicates that after the peak in closures registered in 2019, the scenario is not bright and shiny for the next 5 years. UBS is forecasting a 9% of the total current number stores to shut across the country by 2026
Insufficient demand is the main difficulty faced by the footwear industry
We have asked the World Footwear' experts panel, gathering specialists from all over the world, about the main difficulties currently faced by the footwear companies all over the world. Insufficient demand was choosen by half of the respondents
Great Britain with a record of 17 500 stores closing in 2020
According to new data by consulting firm PwC, Great Britain had an avalanche of store closures during 2020, with some 17 500 stores not resisting the impact of the pandemic. On the other hand, 7 655 opened, representing a net loss of 9 877 stores
Manufacturers more pessimistic about prices than traders
In our most recent edition of the World Footwear Business Conditions Survey we have asked our panel of experts about their forecast regarding the evolution of prices in the footwear industry. Find out about their answers today
New Balance appoints Creative Director for MADE In USA
New Balance has appointed Teddy Santis, owner and founder of New York-based fashion label Aimé Leon Dore, Creative director of its MADE In USA tagline
Asia more optimistic about quantity of footwear sold
In our most recent edition of the World Footwear Business Conditions Survey we have asked our panel of experts about their forecast regarding the evolution of quantities of footwear sold. Find out about their answers today
Ferragamo: Leonardo succeeds brother Ferruccio as President
The Italian luxury brand confirmed Micaela le Divelec Lemmi and Michele Norsa will remain, respectively, Managing Director (CEO) and Executive Vice President. Ferruccio Ferragamo, on the other hand, is giving the role of Non-Executive Chairman to his brother Leonardo
UNIC issues warning over raw materials price increases
According to publication ILM, the Italian Tanners Association (UNIC) is concerned over the potential increases in the prices of materials for the industry
Future of the footwear industry is uncertain, but the general outlook is positive
The World Footwear' experts panel, gathering specialists from all over the world, is foreseeing a slight recover for the footwear industry in 2021. Access the latest report and get free access to some of the main highlights of the last Business Conditions Survey
CFDA and Swarovski Foundation launch scholarship to support sustainable innovation
While celebrating the 25th Anniversary of the CFDA Scholarship Program, the Council of Fashion Designers of America (CFDA) is partnering with the Swarovski Foundation to create the Re: GENERATION Innovation Scholar Award
H&M falls to loss
The Swedish-based fashion retailer Hennes & Mauritz (H&M) reported a 21% drop in sales and now fell to a loss in the three months to the end of February. The latest restrictions to contain the spread of COVID-19 led to more than a third of H&M stores closed worldwide
Footwear consumption to increase this year, but pre-pandemic levels should not be reached before 2023
The World Footwear' experts panel, gathering specialists from all over the world, is foreseeing a slight recover in footwear consumption during 2021 (+2.8%). Pre-pandemic levels shouldn't be reached before 2023
Soprefa: from footwear to swimming pools
Specialist in the production of leather uppers for the footwear industry, the Felgueiras-based company is also active in other sectors, including swimming pool construction and maintenance
Wolverine: 50% increase in ecommerce revenue
The US-headquartered footwear manufacturer has reported 50% growth of direct-to-consumer e-commerce revenue in the 2020 financial year
New Generation: meet António Silva
António Silva has trained to be a doctor, but management has always been a passion, which is why he attended an executive course in this area. He is the founder of the footwear brand Cantaloupe-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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