News
Nordstrom goes private
The Seattle-based retailer has announced that the brothers Erik and Pete Nordstrom, along with other members of the family, have completed the acquisition of Nordstrom in partnership with El Puerto de Liverpool
Capri Holdings posts wider net loss in the fourth quarter
The US-based luxury group posted a wider net loss in the fourth quarter of fiscal year 2025 as it continues to execute initiatives aimed at returning to growth. The upcoming sale of Versace is expected to help reduce debt
adidas confirms data breach following cyberattack
The German sportswear giant was the victim of a cyberattack targeting its customers’ personal information. However, their credit card or other payment-related data was not accessed
VF Corp reports fourth quarter results
The US-based company has reported fourth quarter revenue in line with guidance, driven by the performance of The North Face and Timberland brands. It has also exceeded operating income guidance
Strong full year 2025 for Deckers
The US-based company reported full year 2025 results, with net sales increasing by 16.3% year-on-year. This was driven by strong performance from both the Hoka and Ugg brands
Terence Reilly appointed Chief Brand Officer at Crocs
Crocs has promoted Terence Reilly to the position of Executive Vice President and Chief Brand Officer. He is now responsible for marketing and communications for both the Crocs and Heydude brands
Lean Robotics: How can robots and humans join forces in the footwear industry?
JUST RELEASED! Read the latest World Footwear Innovation Paper on how robots can contribute to footwear production processes by improving efficiency through lean manufacturing principles
Japan Retail: renewed optimism for footwear demand?
Japan’s retail landscape is transforming, driven by the strong performance of the online channel. Despite overall inflationary pressure, retail sales as a whole and footwear imports are on an upward trend, boosted by a weaker US dollar against the yen. With footwear prices finally showing signs of recovery, there is cautious optimism for renewed demand in the short term, even as rising interest rates weigh on consumer confidence
VETting Green: an online course to tackle greenwashing in the apparel and footwear sectors
As part of the Erasmus+ VETting Green project, partners from Portugal, Spain, Italy and Greece have developed an online course aimed at tackling greenwashing and promoting genuine sustainability practices within the footwear and apparel sectors
Authentic Brands Group expands its portfolio with Dockers acquisition
The US-based brand management group has announced that it will acquire the Dockers brand from Levi Strauss & Co. for 311 million USD. The transaction is expected to be finalised in the third quarter
Trump threatens to impose a 50% tariff on EU goods
On Friday, US President Donald Trump used social media to threaten a 50% tariff on European Union (EU) imports from the 1st of June, reigniting fears of a trade war. After a weekend call, he agreed to delay it until the 9th of July
Torben Schütz (HDS/L): the Barefoot European Shoe Fair is the beginning of a success story
We spoke to Torben Schütz, Deputy Managing Director at the Federal Association of German Footwear and Leather Goods Industry, to learn more about the upcoming Barefoot European Shoe Fair, the first of its kind in Europe. The preview takes place in the summer in Offenbach, close to Frankfurt
Under Armour reports fourth quarter and full year 2025 results
The Baltimore-based company reported a decline in fourth quarter revenue across geographies and segments, but an increase in gross margin, as it continues to reposition the brand for long-term growth
Yue Yuen revenue up, but profits down
The Hong Kong-based group saw revenue rise in the first quarter, but profits declined due to uneven production, lower efficiency and rising labour costs, as well as a volatile retail environment in Mainland China
Sales down by 2.4% at Geox
Italian-based company Geox S.p.A. presented its results for the first quarter of 2025, with consolidated sales for the first three months of 2025 amounting to 189.0 million euros, down by 2.4% compared to the previous year
Darren Mckoy (ex-Dr Martens) joins Timberland
VF Corp's group brand Timberland has named Darren Mckoy as its new Global Vice President of Product Design & Creative Direction
Weak Asia Pacific demand drags down Ferragamo’s first quarter revenue
The Italy-based luxury group reported a 2.6% decrease in revenue in the first quarter of 2025, compared to the same period last year, driven by weak demand in the Asia Pacific region
Webinar: Valuing craftsmanship through digital personalization
Register today and secure your attendance to this webinar promoted by the Footwear Technology Center of Portugal (CTCP)
April dip in Brazilian footwear exports linked to sluggish US demand
Following a strong start to the year, Brazilian footwear exports slowed in April, as US buyers reduced orders due to high inventory levels resulting from stockpiling in late 2024
Portuguese footwear exports grow in the first quarter
In the first quarter of 2025, the Portuguese footwear sector exported 20 million pairs of shoes, worth 453 million euros. This represents a 4.9% increase in volume and a 5.4% increase in value, as compared to the same period last year
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