World Footwear


Birkenstock names new managing director for Greater China

Nov 15, 2023 / Germany
The German-based company has appointed Tiffany Wu to the newly created position of Managing Director of Greater China. Her aim will be to strengthen the company’s presence in the region

Zalando lowers full year GMV and revenue guidance

Nov 7, 2023 / Germany
Despite confirming its 2023 profits guidance, the online retailer has lowered its GMV and revenue outlook revenue on the “expectation of continued pressure on demand for the rest of the year”

German industry association warns of new wave of insolvencies and closures

Nov 6, 2023 / Germany
The German Trade Association for Textiles, Footwear, and Leather Goods (BTE) recalled that repayment of state aid under the pandemic approach, increasing the pressure on an already struggling sector

Puma reports third quarter results

Oct 31, 2023 / Germany
The sportswear company reported a 6.0% currency adjusted growth in the third quarter of 2023, as compared to the same period of last year, and said it is on track to achieve its full year outlook

Germany Retail: retailers’ troubles are far from over

Premium ContentOct 20, 2023 / World Footwear Reports
Confidence indicators are a red flag for retail at the moment, especially on the retailers’ side. The slow decline in inflation is likely to have a negative impact on consumer prices in the clothing and footwear segment, which will undoubtedly continue to limit consumers’ purchasing power; even the fall in import prices is not entirely positive news, as it will take time to translate into reality. Only the online channel seems to be more optimistic about the times ahead

adidas announces third quarter preliminary results

Oct 19, 2023 / Germany
The German-based sportswear company has raised its guidance for the full year, mainly as a result of the continued positive impact of the sale of the remaining Yeezy inventory

German shoe and leather exports rise amid uncertainty

Oct 18, 2023 / Germany
Sales for German manufacturers in the Textile Care, Fabric and Leather Technologies sectors grew from January to August 2023, despite the decrease in orders, says VDMA

Birkenstock stumbles on its Wall Street debut

Oct 13, 2023 / Germany
The German footwear company’s shares fell by 12.6% in its first session at the New York Stock Exchange on the past Wednesday. The downward trajectory continued on the second day

Reno completes partial restructuring

Oct 5, 2023 / Germany
The footwear retailer has finalised a partial restructuring, keeping more than 20 stores. Meanwhile, the media reported that dozens of new creditors have registered their claims in the insolvency proceedings

Birkenstock is seeking a valuation of up to 9.2 billion USD

Oct 4, 2023 / United Kingdom
The German footwear company officially goes public, setting a value of up to 9.2 billion US dollars at the top end of the price range for its initial public offering (IPO)

Birkenstock's new shoe factory starts up

Sep 22, 2023 / Germany
The German footwear company announced that its new facility located near Pasewalk, in Northeast Germany, has started operating according to schedule, just 17 months into the construction period

Zalando: co-CEOs remain at the helm and sustainability and D&I come under the same umbrella

Sep 19, 2023 / Germany
The e-commerce platform announced that the contracts of Robert Gentz and David Schneider as co-CEOs have been extended and that Pascal Brun has been appointed Vice President of Sustainability and Diversity & Inclusion

Birkenstock files for IPO

Sep 14, 2023 / Germany
The German footwear brand has filed for an initial public offering with the US Securities and Exchange Commission, revealing its finances for the first time

Puma marks the sixtieth anniversary of the Porsche 911

Sep 13, 2023 / Germany
The German-based sportswear company has teamed up with Porsche to launch two exclusive limited-edition sneaker models that honour the legacy of the iconic Porsche 911

ANWR and Sabu team up to strengthen German footwear retail

Sep 1, 2023 / Germany
Footwear buying group ANWR and shoe retail cooperative Sabu have joined forces to ensure the future viability of its members. Emphasis will be placed on revitalising the retail landscape and developing the workforce
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