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Nike to cut 1,400 jobs in operations and technology
The US-based company plans to cut 1,400 roles in operations and technology under the next phase of its “Win Now” turnaround plan, as stated in an memo by COO Venkatesh Alagirisamy
Brazilian footwear industry outlook points to stability in 2026
The performance of the Brazilian footwear industry is expected to remain broadly stable in 2026, following a challenging start to the year marked by weak domestic consumption and falling export figures
Clarks returns to profit after a two-year downturn
The UK-based footwear company has bounced back to profitability in 2025 through strategic cost reductions, offsetting weaker consumer demand amid a more volatile retail backdrop
Ferragamo appoints Fabrizio Freda as Special Strategic Advisor
Ferragamo Finanziaria, the holding company of the Ferragamo family and the controlling shareholder of the luxury group, has appointed the former CEO of The Estée Lauder Companies as Special Strategic Advisor
Yue Yen signals steep first-quarter profit drop of up to 55%
The Hong Kong-based footwear manufacturer expects its first-quarter profit attributable to owners to fall 50-55% amid market headwinds, including fluctuating demand and reciprocal tariffs
ABF to separate Primark from food business by 2027
Following an in-depth review of the company’s structure, the board of Associated British Foods (ABF) has announced plans to separate the fashion retailer from its food business before the end of 2027
Japan Retail: fashion falls out of step with the market
Although inflation is cooling and the macroeconomic situation in Japan is stabilising, consumer confidence remains fragile. Against this backdrop, the fashion industry appears to have fallen out of step, with clothing and footwear prices remaining high while demand continues to weaken. This is evident in the continued decline in apparel and textile sales, contrasting with the resilience of the broader retail sector. At the same time, the weak yen is inflating import costs, forcing footwear companies to pay more without achieving significant increases in sales volume
Kering takes minority stake in Icicle owner ICCF
The France-based luxury group has acquired a minority stake in Chinese fashion group ICCF, best known for its flagship brand Icicle, as part of a partnership between the two companies
Stella International posts modest first-quarter growth as it ramps up capacity
The Hong Kong-based group highlighted that it is ramping up capacity in Indonesia, Bangladesh, and Vietnam as part of its 2026 ‘investment year’, while reporting modest growth in the first quarter
TOWORKFOR launches reusable CleanStep overshoe
The Portuguese safety footwear brand has launched CleanStep, a reusable overshoe that enables users to move between environments without leaving marks or dirt on floors
Allbirds pivots from footwear to AI infrastructure
The sneaker brand is still selling its intellectual property and footwear assets to the American Exchange Group, but it will be shifting its focus to AI compute infrastructure in its new life
Hermès grows, but momentum eases in the first quarter
The France-based luxury group reported solid growth in the first quarter of 2026. Geopolitical tensions in the Middle East and uneven regional trends had a negative impact on performance
Primark launches first UK mobile app
The fashion retailer has launched its first mobile-friendly customer app in the UK. This follows its successful launches in Ireland and Italy, and is part of its ongoing investment in digital technology
FAIST Voices: meet Bolflex
As part of the FAIST project, the Portuguese rubber sole manufacturer is breaking new ground in the field of Industry 4.0, while also deepening its commitment to recycled materials, a goal the company has pursued for a long time
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