We have spoken to Matt Priest, who is the President & CEO of the Footwear Distributor & Retailers of America, to discuss in detail the achievement of the 100.7 billion US dollars record on consumer demand for shoes in 2021. We have also ventured into the future, going over the main concerns for the US footwear industry, such as rising inflation (7.5% in January), additional duties on Chinese consumers goods, but also the opportunities on the horizon
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
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
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
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
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
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%
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
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%
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
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
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