Footwear
Nike cuts revenue forecast amid supply chain disruptions
Despite an increase in revenue of 16% to 12.25 billion US dollars for the first quarter of fiscal 2022, the US-based company admitted that revenue growth is being limited by supply chain disruptions
Vietnam: industry struggles with extended lockdowns
Textile and footwear industries keep struggling in Vietnam amidst strict and extended coronavirus lockdowns. Companies anticipate delays and shortages of goods, along with higher labour prices and shipping costs, as the holiday season approaches
Hotter Shoes partners up with John Lewis
The British comfort footwear brand will sell its shoes through the department store group John Lewis from this month on. The collaboration is part of Hotter’s new partnership strategy
New members added to Ferragamo's Board of Directors
The Board of Directors of the Florence-based luxury group has appointed by co-optation Frédéric Biousse and Annalisa Loustau Elia as Independent Directors
LVMH plans to recruit 25 000 young people by the end of 2022
The luxury group is launching several initiatives to provide access to training and employment for young people, under the age of 30, from all backgrounds
Saadia Group to acquire Aquatalia
The US multicategory product manufacturing, wholesaling, distribution and retailing company has agreed to acquire the assets of the Italian footwear and accessories brand. Aquatalia becomes the first luxury label in Saadia's portfolio
Felmini takes sustainable steps
The Felgueiras-based footwear company has adjusted its productive process and invested in more environmentally friendly materials to reduce the ecological footprint of its footwear
Pakistan exports of footwear and leather are on the rise
According to the Pakistan Bureau of Statistics exports of leather products, tanned leather and footwear increased in the first two months of the new fiscal year
Crocs aims at 5 billion US dollars sales
The US-based brand of casual footwear has announced its long-term strategy for sustainable and profitable growth. Crocs expects its revenue to increase to more than 5 billion US dollars by 2026
Bangladesh: leather industry grows in the first two months of the fiscal year
Although it is too early to spot a trend, in the firts two months of the new fiscal year, the leather industry in Bangladesh has reported growing exports in its categories. Other footwear (no leather) with declining exports
Foot Locker completes acquisition of WSS
The New York-based specialty athletic retailer has completed its acquisition of Eurostar, Inc. (WSS), a US-based athletic footwear and apparel retailer that primarily operates on the West Coast
Micam talks about a success edition exceeding expectations
Micam (footwear), Mipel (leather goods and accessories) and The One Milano Special Featured by Micam (the Haut-à-Porter Exhibition) ended after three days
AAFA and Kenya Association of Manufacturers together to promote economic growth in the industry
The two entities signed a memorandum of understanding (MOU) to collaborate on policy areas of mutual interest through joint advocacy and information sharing on industry best practices
Lenna: new brand focused on solidarity and sustainability
Three childhood friends joined to launch a business together: a sustainable quality project without resorting to animal products and with a strong solidarity feature. Get to know Lenna
Diane Randolph joins Shoe Carnival's Board of Directors
The retailer of footwear and accessories appointed Diane Randolph to its Board of Directors, effective immediately. The Board will now be composed of 7 directors (5 are independent)-
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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Shoes Report
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