Footwear
Polish footwear industry fears the impact of the war
The impact of the war between Russia and Ukraine on the industry might be substantial. Both countries represent important markets for Polish shoes
Wolverine Worldwide posts strong full year 2021
The Michigan-based giant has reported that revenue and earnings in the fourth quarter and full year 2021 have exceeded expectations despite ongoing supply chain disruptions
Nike accelerates its DTC strategy
Foot Locker is expecting its amount of Nike products to decline thanks to its accelerated strategic shift to DTC, but also due to the retailer’s own diversification efforts
Rouble tumbles following Russia’s invasion of Ukraine
On Tuesday, the rouble pared some of the previous day’s heavy losses, as it plunged around 29% against the dollar on Monday morning, an all-time low, under pressure on foreign markets from Western sanctions
Foot Locker posts strong full year 2021
The retailer announced the results for the fourth quarter and full year 2021. Net income for fiscal 2021 totalled 893 million US dollars, as compared with 323 million US dollars in 2020
Italian footwear industry concerned over conflict in Ukraine
The Italian Footwear Manufacturers' Association has shown concern over the impact of the conflict on the footwear trade. Russia and Ukraine are important markets for the Italian footwear
Farfetch announces first year of adjusted EBITDA profitability
The luxury e-commerce platform has reported a record Gross Merchandise Value of 4.2 billion US dollars in 2021. Adjusted Ebitda margin rose to a positive 0.1%
ABG completes the acquisition of Reebok
Authentic Brands Group has announced that it has finalized the acquisition of Reebok from adidas, its largest acquisition to date
France Retail: retailers more confident than consumers amid an uncertain environment
Although footwear retail sales in France have returned to pre-pandemic levels, the beginning of 2022 is being characterized by some uncertainty. Consumers’ mood has become more volatile towards the end of 2021, reaching minus 8 points in January, and rising inflation has not spared the sector. Nonetheless, retailers are proving to be more confident than consumers, displaying some insensitivity towards risks
Steve Madden announces record revenue
The New York-based designer and marketer of footwear, accessories and apparel has reported revenue of 1.9 billion US dollars in 2021. Revenue in the fourth quarter grew by 63.9%
New Generation: meet Sara Nunes
Sara Nunes is the new face of 3DCork. She has been working for the company since its foundation in 2006, but, this year, she took over the leadership of the family business dedicated to the production of cork components for the footwear industry. The company also produces items for the home
DSW to invest 2 million USD into footwear factory in the US
Designer Brands, the parent of shoe retailer DSW, will partner up with Pensole College, ran by the footwear designer Dr. D’Wayne Edwards, to advance its diversity, equity and inclusion strategy. Thus, it will invest into the first black-owned factory in the US
Puma announces full year sales jump
In 2021, the German sportswear giant’s revenue grew by 32% over 2020, reaching 6.81 billion euros, driven by the Americas region’s performance. Puma also reported achieving a record EBIT
Vietnam is now responsible for 10% of the world footwear exports
The Asian country has been on the top 3 of the largest footwear exporters since we started to publish the World Footwear Yearbook in 2011. However, in 2020, for the first time Vietnam has crossed the 10% threshold
ABG strengthens partnership with Foot Locker to expand Reebok in the US
The footwear retailer will widen its assortment while exclusively offering selected Reebok footwear models, for all, in its owned-stores and complementary e-commerce websites in the US-
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Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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World Footwear Public Calendar
Click here to subscribe an updated version of the calendar displaying the footwear trade shows.
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