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Luxury hit the brakes in 2023
Ahead of the 2024 first quarter results, here’s a look at the sales figures reported by the world’s major luxury players in 2023, which were in general affected by a slowdown in luxury demand
Calçado Penha makes its debut at ModaLisboa
The Portuguese footwear company, which specialises in the production of high-quality men’s footwear, made its debut on a Fashion Week catwalk with the BÉHEN brand
Puma launches first global campaign in 10 years
The German-based sportswear company has recently launched the “See The Game Like We Do: FOREVER. FASTER.” campaign to reinforce its positioning as “the fastest sports brand” in the world
Golden Goose posts double-digit growth
Ahead of its initial public offering (IPO), the Italian-based luxury brand, known for its Superstar sneakers and distressed styles, has posted an 18% year-on-year net sales growth in 2023
New deputy CEO for Gucci
Kering, the French-based luxury group that owns Gucci, has appointed Stefano as deputy chief executive officer of the Italian house. The move comes amid efforts to revive Gucci
Uniqlo owner posts robust first half
The Japan-based Fast Retailing has reported a “record” first half revenue of 1.60 trillion yen (9.77 billion euros), up by 9.0% year-on-year, mainly due to a strong performance from Uniqlo overseas
Bangladeshi leather footwear exports continue to fall
The downward trend continues. Bangladesh’s leather footwear exports fell by around 27% year-on-year in the nine months to March 2024, leading to a decline in the overall leather exports
Ted Baker UK to close 15 stores and cut nearly 250 jobs
Ted Baker is to close 15 of its stores across the UK within weeks and make 245 store and head office jobs redundant. The brand’s UK and Europe arm went into administration last month
Kidpik and Nina Footwear announce merger
The subscription-based online children’s clothing retailer and the company that owns the Nina Footwear brand, which specialises in women’s and children’s dress shoes, have entered into a definitive merger agreement
Strong year 2023 for Decathlon
The French group reported a “robust economic performance” in 2023, saying it had “laid a strong foundation for the future” under its new ‘Move People Through the Wonders of Sport’ strategy
Capri Holdings acquires the Italian shoemaker Sicla
The US-based conglomerate has signed an agreement to buy Sicla, the Tuscan shoemaker known for producing some of its Jimmy Choo’s collections. The move is designed to strengthen Capri’s manufacturing capabilities
APLF attracts around 12 000 visitors
The organisers said it was a “successful” return to Hong Kong in an edition “tempered by slow market demand”, which attracted around 12 000 buyers, with China and India topping the top 10 visitor countries
Asos reports a sales decline in the first half of its fiscal year
With its turnaround plan underway, the British retailer has issued a trading update for the first half of its fiscal 2024, in which sales fell by 18% year-on-year, but maintained its annual outlook
Martina Schiuma from The ID Factory: technology is key to accelerate change
We spoke to Martina Schiuma, head of sustainability at the platform The ID Factory, to find out more about their solution for fashion brands and retailers to improve supply chain transparency and traceability. In the end, we discussed where the fashion industry is on its journey towards a sustainable future
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