World Footwear

Fashion

Capri with revenue and earnings increase

Jun 3, 2022 / United Kingdom
The luxury fashion group reported that revenue and earnings for the full year of 2022 exceeded expectations. Total revenue amounted to 5.65 billion US dollars

Tapestry cuts outlook for 2022

May 17, 2022 / United States
Despite reporting a strong third quarter, the owner of Coach, Kate Spade and Stuart Weitzman, lowered its full year outlook, due to pressures related to the resurgence of COVID-19 in Mainland China

Kering invests in Lab-Grown Leather Startup

May 12, 2022 / France
The French-based luxury group participated in a 46 million USD funding round meant to fast-track the commercialization of the Californian-based VitroLabs’ cell-cultivated leather

Zalando posts sales decline

May 11, 2022 / Germany
Amid a volatile market environment, the online retailer informed that revenue declined by 1.5% in the first quarter of 2022, as compared to the same period last year, totalling 2.2 billion euros

Kering and the French Ministry of Labour join forces for integration

May 4, 2022 / France
The group and the French Ministry of Labour, Employment and Integration signed a charter for supporting young people, vulnerable individuals and people with disabilities in the job market

Licence for Greenwash: false promise for certification continues

May 2, 2022 / World
The report Licence for Greenwash shows that a majority of sustainability certification schemes fail to meet their promise and represent, at best, a sophisticated form of greenwashing

Steve Madden raises 2022 guidance

Apr 29, 2022 / United States
The New York-based designer and marketer of footwear, accessories and apparel for women, men and children reported record revenue of 559.7 million US dollars in the first quarter of 2022

Kering reports solid performance

Apr 22, 2022 / France
The French-based luxury group posted solid growth in the first quarter of 2022. However, COVID-19 restrictions in China since March have weighed down on results, especially Gucci’s

Hermès reports strong sales across all segments

Apr 19, 2022 / France
The French-based luxury group reached revenue of 2.77 billion euros in the first quarter of 2022, thanks to the acceleration in all the business lines and sustained growth in leather goods

Digitization and new consumer trends drove growth in 2021

Premium ContentApr 18, 2022 / World
2020 was a challenging year for most companies thanks to the outbreak of the COVID-19 pandemic, which led to severe supply chain disruptions throughout the globe, periods of halting in operations and physical retail, and an increase in raw materials and transportation costs. However, by mid-2021, there were already signs that things were taking a turn for the better, and some companies have managed to equal and even exceed their pre-pandemic performances. We took a look into the full-year 2021 results of some of the largest companies worldwide to observe how they pulled through the challenges brought by the COVID-19 pandemic

Tapestry donates 3 million USD to World Wildlife Fund

Apr 14, 2022 / United States
The Tapestry Foundation will provide a 3 million US dollars grant to support the development of an innovative system to enhance the traceability of the leather value chain in Brazil

LVMH off to a good start in 2022

Apr 14, 2022 / France
The luxury group reported revenue growth in the first quarter of 2022, but remains vigilant due to "the current geopolitical context and the ongoing impact of the pandemic”, especially in China

Zalando strengthens senior leadership team

Apr 13, 2022 / Germany
The German-based online platform has announced that Padmaja Bommareddy will join the company in the role of Senior Vice President (SVP) of Corporate Development

Less than 20% of retailers on track to meet sustainability targets

Apr 8, 2022 / World
A study found that sustainability is now a strategic priority for retail businesses, but the vast majority is still failing to make meaningful progress

Capri to donate products to aid refugees of the war in Ukraine

Apr 6, 2022 / United Kingdom
The luxury group has announced that it will donate over 1 million euros in essential clothing from Versace, Jimmy Choo and Michael Kors to aid those displaced by the war in Ukraine
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