News
Germany Retail: footwear slumps as e-commerce and imports surge
The German retail sector is split in two: the footwear and leather goods market is experiencing one of its worst years, with sales falling by 4.2% year-on-year in the first eight months of the year, while overall retail is growing and e-commerce is booming, fuelled by Asian marketplaces. Complicating matters further, footwear imports have surged in value by 16.9%, defying the decline in domestic sales and raising questions about the country’s trade position. Despite current volatile business conditions and subdued consumer confidence, the industry is cautiously seeking signs of positive change
Hermès takes a minority stake in the Italian cashmere maker Lanificio Colombo
As part of its strategy to strengthen vertical integration, the French luxury group has acquired a 15% stake in the Italian manufacturer of cashmere and other noble fibres Lanificio Colombo
Shoe Carnival changes name to Shoe Station Group
The footwear retailer said that its board of directors unanimously voted in favour of changing its name to Shoe Station Group. This reflects the “winning” performance of the banner acquired in 2021
Coach fuels Tapestry’s growth
The US-based accessible luxury group has got off to a strong start in the 2026 financial year, reporting higher-than-expected revenue and earnings. This was primarily driven by significant growth at Coach
AB Foods weighs split between Primark and food divisions
After reporting a 13% full year adjusted operating profit decline, driven by the weak performance of its sugar unit, Associated British Foods has announced that it is considering splitting its Primark and food divisions
Under Armour posts weak second quarter
Despite modest international growth and early “signs of brand momentum in North America”, the US-based sportswear group posted a weak second quarter, marked by reduced profitability
Capri Holdings refocuses on Michael Kors and Jimmy Choo
Following an encouraging set of second quarter results, which saw improvements in revenue, gross margin and operating income, the US-based luxury group is preparing for life after Versace
Former Jordan Executive Daniel Schachne appointed SVP of Reebok
Authentic Brands Group (ABG) has announced the appointment of Daniel Schachne, a former Nike and Jordan executive, as Senior Vice President (SVP) of Reebok
Zalando reports strong third quarter boosted by About You acquisition
The online fashion retailer has reported another strong quarterly performance, boosted by the acquisition of About You. Zalando also announced a strategic partnership with the German Football Federation
Conference on the future of footwear in Europe to be held at Porto
A two-day international conference focusing on the challenges and opportunities facing the footwear industry will be held in Porto from the 18th to the 19th of November. The event is organised by APICCAPS and CTCP
Wolverine Worldwide on upward trajectory, named Company of the Year
Fresh from being named Company of the Year by Footwear News, the US-based outdoor company announced a solid third quarter, with revenue growing by 6.8% year-on-year
Leather organisations call for reassessment of leather at COP30
Several organisations in the leather industry are challenging environmental misconceptions and urging COP30 to recognise leather as a sustainable, bio-based material that supports the circular economy
Christian Decker (DESMA): New technologies require a mindset shift
During the 22nd UITIC Congress in Shanghai back in September, we had the opportunity to talk with Christian Decker, CEO of DESMA, who shared with us some great insights about technology and innovation. Watch it now
Steve Madden projects fourth quarter rebound
The US-based designer and marketer of footwear reported modest revenue growth in the third quarter as new import tariffs and higher costs weighed on margins, though demand for its core collections remained strong
Puma’s third quarter results show impact of reset strategy
The German sportswear brand saw a decline in quarterly revenue and margins as it continued its strategic shift, prioritising cleaner distribution and cost control for long-term recovery
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