World Footwear

Companies

Toni Belloni to step down as LVMH Group’s Managing Director

Mar 28, 2024 / France
After more than 23 years at Arnault’s side, Belloni will step step down as Group Managing Director and Chairman of the Executive Committee of the LVMH Group, effective from the 18th of April

A slight increase in revenue for Nike

Mar 28, 2024 / United States
The US-based company has reported a slight increase in revenue on both a reported and currency basis in the third quarter of fiscal 2024, as compared to the same period of the prior fiscal year

Designer Brands announces fourth quarter and full year results

Mar 28, 2024 / United States
The North American company ended the fiscal year 2023 with better-than-expected results due to its brand portfolio, but highlighted the challenging environment it faced

Shoe Carnival delivers consistent fourth quarter results

Mar 27, 2024 / United States
The US-based footwear retailer reported fourth quarter and full year 2023 results in line with previous expectations, highlighting the positive contribution from the December holiday season

Fashion group OTB acquires Italian shoe supplier Calzaturificio Stephen

Mar 27, 2024 / Italy
The Italy-based group, owner of fashion brands such as Margiela, Jil Sander, Marni, Viktor&Rolf and Diesel, has acquired a majority stake in luxury footwear manufacturer Calzaturificio Stephen

361 Degrees reports double-digit growth

Mar 26, 2024 / China
The Chinese-based activewear company ended the fiscal year 2023 with a double-digit revenue growth of 21%, as compared to 2022. The Kids business was the fastest growing over the period

Strong 2023 for Vulcabras

Mar 26, 2024 / Brazil
The Brazilian sports footwear company reported record gross sales of 3.27 billion Brazilian reais (605.3 million euros), calling 2023 “the best year in its history”

Remarkable performance by Temu owner PDD

Mar 25, 2024 / China
The Chinese e-commerce group PDD Holdings reported a “pivotal” year in the company's history, with revenue up by 123% year-on-year and profits up by 146% in the fourth quarter, driven by growing demand

Portuguese footwear manufacturer Portman reinvents itself

Mar 25, 2024 / Portugal
Founded in 1979 with a focus on the manufacture of moccasin footwear, the Portuguese company has invested in recent years to sustainably modernise its production and offer new products

Caleres posts solid fourth quarter

Mar 22, 2024 / United States
The US-based company reported a very small increase in net sales in the fourth quarter of its fiscal year 2023, but a significant improvement in profits, as compared to the same period last year

Arezzo reports strong year 2023

Mar 21, 2024 / Brazil
The Brazilian footwear and accessories group has reported “record” gross revenues in 2023. This leaves it in a strong position ahead of its merger with fashion group Soma

Uncertainty for Ted Baker as UK and European arm goes into administration

Mar 20, 2024 / United Kingdom
The British fashion retailer is planning to appoint administrators, a spokesman for owner Authentic Brands Group confirmed on Tuesday. Hundreds of jobs are expected to be at risk

Yue Yuen reports a decline in full year revenue and profit

Mar 20, 2024 / Hong Kong
In line with its previous quarterly results, the Hong Kong-based footwear manufacturer reported a 12% year-over-year decline in revenue and a 7.3% year-over-year drop in profits in 2023

Kering warns of a 20% slump in Gucci sales for the first quarter

Mar 20, 2024 / France
The French-based luxury group has issued a preliminary statement for the first quarter, warning of a 10% drop in sales, led by its star house Gucci

Portuguese footwear components focus on sustainability

Mar 19, 2024 / Portugal
Under the Bioshoes4All project, the Portuguese footwear components industry is investing heavily in the development of a new generation of sustainable products. Meet some of them
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