News
EU and Australia conclude negotiations on free trade agreement
The European Union (EU) and Australia concluded negotiations in March on a comprehensive free trade agreement (FTA) aimed at boosting trade and strengthening supply chains
Asos reports 50% rise in underlying profitability
The UK-based online retailer has reported a 50% year-on-year rise in underlying profitability in the first half, according to its latest trading update, driven by higher margins and cost discipline
H&M advances sustainability goals in 2025
The Swedish fashion group is making progress towards its sustainability targets, according to its latest report, with 91% of materials being sustainable and emissions down by up to 41%
'Building Resilient Futures leads' Global Fashion Summit agenda
Taking place in a month, organisers frame sustainability as adaptation under pressure, exploring how business models can evolve through circularity networks and stronger supply chain accountability
MATA unveils AW26 collection, introducing women’s line for the first time
The Portuguese company unveiled its Autumn/Winter 2026 collection at the last MICAM. Focusing on waterproof performance, the collection marks the company’s entry into the women’s segment
Debate grows over Germany’s textiles EPR scheme
The HDS/L warns that folding footwear into a textiles framework overlooks the greater material complexity of shoes and could weaken competitiveness through higher compliance burdens and uncertainty
Nike’s third-quarter profit slides on tariffs and rising costs
The sportswear company has reported a 35% year-on-year decline in third-quarter profit despite flat revenue, with higher tariffs and rising costs having a negative impact on overall performance
AYSAF as Türkiye’s gateway to global footwear trade
We spoke to Sait Sal?c?, the chairman of the Turkish Footwear Industrialists Association (AYSAD), about the global rise of Türkiye’s footwear sub-industry and its logistics sector, as well as the strategic importance of the AYSAF trade fair, which is taking place from the 21st to the 24th of April in Istanbul
EU-Mercosur trade deal set for provisional application from May 1
The EU-Mercosur interim trade agreement is set to be provisionally applied from the 1st of May, despite objections from certain member states and requests for clarification from the European Parliament. We have asked industry representatives from both sides of the Atlantic to comment
American Exchange Group agrees to acquire Allbirds’ assets
The brand management group, whose portfolio includes labels such as Aerosoles and Ed Hardy, has agreed to purchase the intellectual property and all assets of the eco-friendly sneaker brand for 39 million USD
H&M reports higher profitability despite slight sales decline in the first quarter
The fashion group reported improved margins and a rise in operating profit in the first quarter of 2026, despite a slight decline in sales due to currency headwinds and store optimisation measures
Assomac signs agreements to support Kenya’s leather and footwear sector
Assomac has signed strategic agreements with Kenyan partners to support the development of the country’s leather and footwear industries by supplying Italian technologies and machinery
UK Retail: fashion retail grows, but caution persists
Sales in the UK’s textile, clothing, and footwear (TCF) sector recovered in 2025, exceeding total retail figures despite periods of volatility. However, this recovery was driven more by increased transaction volumes than by higher consumer spending, with expenditure on footwear remaining largely unchanged and prices declining amid persistent discounts. At the same time, volatile yet growing online sales and increasingly responsive import patterns suggest that the sector is trying to adapt quickly to uncertain demand
Designer Brands improves margins despite sales decline in 2025
The US-based company has reported a 3.9% year-on-year decline in net sales to 2.9 billion US dollars for 2025. However, it has also improved its gross margins and strengthened its financial position
Shoe Carnival beats fourth-quarter expectations, adopts selective rebanner approach
Fourth-quarter results exceeded expectations as the business transformation through Shoe Station expansion continues. However, the company is adopting a more selective approach to store conversions in 2026
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