News
Capri Holdings returns to profitability despite annual revenue decline
Despite lower revenue, the US-based luxury group behind Michael Kors and Jimmy Choo has reported a return to profitability in fiscal 2026, reflecting gains from its strategic turnaround initiatives
EU fines Temu for breaching EU rules on sale of illegal products
The European Commission has fined Chinese online retailer Temu 200 million euros under the Digital Services Act (DSA) for not doing enough to stop the sale of illegal products
Rising Geopolitical Risks Drive Footwear Costs Higher
Rising geopolitical tensions are expected to impact the global footwear industry mainly through higher costs rather than an immediate decline in consumer demand, according to the latest World Footwear Business Conditions Survey
FAIST Voices: meet Rodiro
With the support of the software company Mind, the Portuguese footwear manufacturer Rodiro has been developing its design products and manufacturing processes as part of the FAIST project
Golden Goose off to a strong start in 2026
The Italy-based luxury sneaker company started 2026 with a solid year-on-year revenue growth of 10% in the first quarter, thanks to strong direct-to-consumer performance in key markets
Saudi Lifestyle Week postponed to October 2027
Organisers said the reschedule reflects the wider regional context, while the event will expand beyond fashion and footwear with added segments such as athleisure, wellness and smart living
Tapestry awarded US patent for AI platform Mira
The US-based luxury group has been awarded a US patent for Mira, its artificial intelligence platform designed to integrate company data and facilitate quicker decision-making
Richemont posts solid full-year results
The Switzerland-based luxury group has reported solid sales growth in the 2026 financial year. All regions grew, particularly the Americas and the Middle East and Africa
Tod’s CEO steps down
John Galantic, the Chief Executive Officer of the Italian luxury goods company Tod’s, stepped down from his position after joining the company in September 2024
Spanish footwear industry launches Intellectual Property Observatory
The Spanish footwear industry is launching the Footwear Intellectual Property Observatory (OPIC) to improve the protection of its designs against potential infringements and counterfeiting
Shoe Carnival reaffirms full-year outlook despite soft first quarter
The footwear retailer reported lower sales and a net loss in the first quarter of its fiscal year. However, it reaffirmed its full-year guidance, expecting a stronger performance during the back-to-school and fall selling seasons
Portuguese footwear industry heads to Brussels to promote debate on reindustrialisation
The Portuguese footwear sector will travel to Brussels on the 16th of June to advocate for a reindustrialisation of Europe that is based on innovation, sustainability, and local production
Deichmann CEO: Sustainability Anchors New Essen Campus
Deichmann tells World Footwear how photovoltaics, geothermal energy and green roofs fit into an integrated concept behind the new Essen headquarters gateway
USA - Iran Tensions seen as Rising Risk for Global Footwear Industry
The conflict between the United States and Iran is increasingly viewed as a material risk for the global footwear industry, according to the results of the Spring 2026 edition of the World Footwear Business Conditions Survey
Caleres appoints Dan Karpel as CFO
The US-based footwear company has appointed Dan Karpel to the roles of Senior Vice President and Chief Financial Officer. He will also serve as the company’s Principal Financial and Accounting Officer
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