News
Reebok shrinks presence in the US
The adidas group has closed 35 Reebok stores in the US this year and plans to close more before the year ending
Vietnam and Tanzania looking to strengthen bilateral trade
Government representatives from Vietnam and Tanzania urged for stronger trade and investment ties between the two countries. In their view, footwear can highly contribute to this
Operations at 361 continue to grow
The Board of the Hong Kong based footwear company has provided operational updates for its business segments referring to the second quarter of 2017
Phoenix Footwear narrows losses
Phoenix Footwear, owner of Trotters and Softwalk, narrowed its net loss for the first six months to 612 000 US dollars. The company added Bueno footwear to its portfolio and is expecting a positive contribution from this line in the coming months
Coach with strong quarter
The New York-based design house of modern luxury accessories, closed the year with a 6% sales growth in the last quarter. Coach now expects revenue for fiscal 2018 to increase by 30%
Payless exits bankruptcy
Payless ShoeSource has emerged from Chapter 11 bankruptcy after closing approximately 700 stores and eliminating more than 435 million US dollars in debt. The process took 4 months
Wolverine raises full year guidance
The US-based company presented a strong set of results for the quarter, and is now working towards a revised outlook for the full financial year
Worldwide footwear exports in decline
Over the last two years exports have fallen by 6% in volume and by 8% in value, according to the 2017 edition of the World Footwear Yearbook, just launched by APICCAPS
Eric C. Wiseman announces retirement
VF announced that Eric C. Wiseman will retire as Executive Chairman of the Board and as a Director. This will be effective from the 28th of October onwards
Weyco consolidates net sales
The US-based company announced net sales for the second quarter totaling 57.5 million US dollars, up by 1% as compared to second quarter 2016 net sales of 56.9 million US dollars
Helsar, maker of shoes for queens and princesses
Founded in 1979, Helsar is a Portuguese brand focusing in luxury footwear, which has been focusing on new market segments, particularly with a personalized line of bridal shoes
Zalando set for strong growth in 2017
The Berlin-based online platform dedicated to fashion products grew revenues by a strong 21.5% in the first half of 2017, totaling 2 080.7 million euros (compares to 1 712.6 million euros in similar period in 2016)
Crocs continues to focus on revenue
The US-based company focusing in casual footwear for men, women and children announced its financial results for the second quarter. Despite the decline in revenue Crocs continues its strategy on improving revenue quality
Steve Madden's net sales up by 15%
The US-based designer and marketer of fashion footwear and accessories for women, men and children, announced sales increasing at two digits rate during the second quarter of the current financial year
First training pilot on high-end footwear manufacturing
A group of designers and footwear technicians from 5 European countries recently participated in a two-week training in luxury footwear-making techniques thanks to the European Erasmus+ funded project High End Shoe (HES)
Under Armour revenue up by 9%
The US-based company continues to grow. Revenue increased by 9% in the second quarter of the current financial year, with footwear revenue declining by 2% in the same period
China loses share while worldwide production stalls
China continues to loose share in worldwide production, according to the 2017 edition of the World Footwear Yearbook, just launched by APICCAPS
Aldo to acquire Camuto Group
The Canada-based footwear group has announced that it has entered into an agreement to acquire Camuto Group's footwear and accessories businesses. The Camuto family will continue to own and operate the apparel segment
Consumer spending continues to fall in the UK
In July consumer spending fell by -0.8% on an annual basis, following declines in May and June. Transport & Communication (-6.1%) and Clothing & Footwear (-5.2%) saw the most marked reductions in spend
DSW gives back to the community
The US-based footwear and accessories retailer announced a new campaign of its Shoe Lovers Care Leave Your Mark program. DSW associates nominated eight family-focused non-profit organizations for this campaign
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