World Footwear

Footwear

Germany Retail: one swallow doesn’t make a summer

Premium ContentMar 6, 2023 / World Footwear Reports
Despite the upturn in consumer confidence observed in the last quarter of 2022, there is still much concern among retailers. Footwear imports are following an upward trend since October, which could be read as a good sign concerning the health of retail, but German businesses are quite familiar with the sensitivity of their consumers to slight changes in overall economic conditions, and inflation is still expected to impact directly sales. Caution seems definitely to be the watchword at the start of 2023

US: footwear industry sales to stabilize through 2025

Mar 6, 2023 / United States
Following the pandemic-fuelled instability experienced since 2020, US footwear sales are expected to stabilize over the next three years, growing at a steady pace of 1%, says the NPD Group

Portuguese JAK secures foreign investment

Mar 6, 2023 / Portugal
Maisons Julien et Kelly Dassault (MJKD) has formalized a seed investment in the Portuguese unisex sneakers company to support its internationalization efforts

Puma hits record full year sales

Mar 3, 2023 / Germany
The company achieved record annual sales and EBIT in 2022. Still, it warned on the challenges ahead due to “a high degree of geopolitical, macroeconomic and commercial uncertainty”

Dr. Martens launches deadstock collection

Mar 3, 2023 / United Kingdom
The British label has launched the Made in England Deadstock collection, using high-quality surplus leathers from a range of tanneries, as part of the company’s waste reduction commitment

About 400 Turkish footwear factories destroyed in February's earthquakes

Mar 2, 2023 / Turkey
Around 400 footwear factories were smashed in the footwear cluster of Antakya during the two earthquakes that hit southern Turkey and north-western Syria on the 6th of February 2023

Steve Madden reports annual revenue growth

Mar 2, 2023 / United States
Despite a full year revenue growth of 13.7% last year over 2021, the US-based company adopted a more cautious near term outlook thanks to the “increasingly challenging backdrop” as well as more “conservative initial Spring orders”

Pou Chen to cut 6 000 jobs in Vietnam

Mar 1, 2023 / Vietnam
The Taiwanese-based footwear manufacturer has reportedly slashed 3 000 jobs amidst weak demand. Another 3 000 people will not see their labour contracts extended by the end of the year

Farfetch's CFO to step down by the end of 2023

Mar 1, 2023 / United Kingdom
The luxury e-tailer has announced that Elliot Jordan will step down from his role as Chief Financial Officer by the end of 2023. Meanwhile, Farfetch will initiate the search for a successor

Nigel Darwin: the next chapter for Dune London very much builds on the strength of the chapters that have gone before

Premium ContentFeb 28, 2023 / United Kingdom
The Dune Group is renowned for the authority and authenticity that it brings to the shoemaking process. Founded in 1992, the company has recently started a new chapter under the leadership of Nigel Darwin. We spoke with him to get a sense of what the future holds for the company

Foot Locker names interim CFO

Feb 28, 2023 / United States
In addition to his current duties as Senior Vice President of investor relations and financial planning and analysis, Robert Higginbotham will undertake the role of interim CFO of Foot Locker

EU Commissioner Virginijus Sinkevičius applauds the Portuguese Shoes Green Pact initiative

Feb 28, 2023 / Portugal
At the ceremony that introduced the Green Pact for the Portuguese footwear and leather goods cluster to the public, the Commissioner welcomed the initiative, which is “very much in line” with the goals of the European Union on this matter

Spain Retail: retailers and consumers have shown themselves resilient at the end of 2022

Premium ContentFeb 27, 2023 / World Footwear Reports
The Textile, Clothing, and Footwear (TCF) retail sales index has improved in the fourth quarter of last year and several companies in the category appear to be less fearful about 2023, especially after their positive annual results. Moreover, retailers’ and consumers’ confidence indicators are showing that despite some lingering pessimism due to the challenging macroeconomic environment, things won’t get necessarily worse in the short term.

Lineapelle returns to a pre-pandemic dimension with a high turnout of buyers

Feb 27, 2023 / Italy
1 161 exhibitors from 42 countries welcomed over 24 000 buyers into their stands at the last edition of the trade fair, held between the 21st and the 23rd of February at Fiera Milano Rho

International buyers back at MICAM in full force

Feb 24, 2023 / Italy
Buyers numbers at the last edition of the international footwear trade fair increased by 25% over the previous edition, with about half of them visiting from abroad
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