News
Hermès maintains momentum with strong third quarter growth
The French-based luxury group delivered a 14% revenue increase in the first nine months of the year. Japan and Europe, excluding France, experienced the highest regional sales growth
US Court blocks Tapestry’s acquisition of Capri
A US court has blocked the pending 8.5 billion US dollars merger between Tapestry and Capri with a preliminary injunction, marking a victory for the US Federal Trade Commission (FCT)
Next edition of AYSAF is just around the corner
AYSAF, the International Footwear Materials, Components, Leather and Technology Exhibition, will be held at the Istanbul Expo Centre from the 13th to the 16th of November, under the banner ‘Dare to Be Different’
US footwear prices remain steady in September
US footwear prices experienced little change in September, according to the FDRA. However, an overall rise is projected by the end of 2024, marking the fourth consecutive year of annual price increases
Brooks and runDisney collaborate to elevate the race experience with Disney magic
This partnership will see Brooks Running create Disney-themed footwear and gear for runDisney events, enhancing the experience for the 170,000 participants who race at Disney resorts
Kering issues third profit warning of the year
The owner of Gucci and Yves Saint Laurent has issued a third profit warning amid a downturn in the luxury market and after posting a “larger-than-expected” slowdown in the third quarter
New CEO at the helm of Coats Group
The UK-based industrial thread manufacturer for apparel and footwear has now a new Chief Executive Officer. David Paja took up the role this month, succeeding Rajiv Sharma
H&M showcases brand identity at New York pop-up
The Sweden-based fashion retailer will open a pop-up store in New York City’s Nolita neighbourhood to showcase “the very best of the brand’s fashion identity”
Zalando raises full year guidance after strong third quarter results
The German online multi-brand company has upgraded its financial forecast for 2024 following a strong third quarter, driven by its new ecosystem strategy and rising consumer demand in the fall/winter season
Decathlon’s investment arm to bring sustainable fashion innovation technology to Europe
Decathlon Pulse has partnered with unspun to expand the use of 3D weaving technology across Europe, with a focus on reducing waste and promoting sustainable, locally-produced fashion with minimal inventory
UK Retail: good signs for the run-up to Christmas
The cold weather in July did not bring good news for the UK retail sector, but the following two months spiced things up again. Fashion retail sales appear to be back on track with the wider economy, as continued falling inflation has led to lower prices. Consumers are still reluctant to spend given the difficulties of recent years, but the challenge for retailers is now to keep up and not fall behind again in order to boost demand in the months leading to Christmas
Portugal aims to double its exports of technical footwear
The Portuguese footwear industry aims to double its exports of technical footwear to 100 million euros by the end of the decade. The FAIST project will be instrumental in achieving this goal
Stella Holdings reports modest revenue growth in third quarter
Although Stella experienced modest revenue growth in the third quarter, year-to-date revenue growth is up by 5.1%, driven by sports orders. The company continues to make progress towards its three-year targets
A favourable September for UK retail
As inflation fell to its lowest level in three and a half years, UK retail sales rose by 3.6% year-on-year in value terms in September, according to the latest ONS figures
Third quarter update from 361 Degrees
The Chinese-based activewear company has released a third quarter operational update for the third quarter of the year, reporting consistent growth during the period
Brazilian footwear exports show slight signs of recovery as export declines ease
Brazilian footwear exports fell by 7% in volume and 3.3% in value in September, but there are signs of stabilisation as growth picks up in key markets such as Argentina and the US
adidas exceeds expectations with third quarter results
Preliminary results for the third quarter of 2024 show adidas with increased revenue and higher gross and operating margins. As a result, the company raised its full year guidance for the third time in 2023
German leather goods and luggage industry expects challenging second half
Falling sales and imports in the first half of 2024 show the difficult moment the German leather goods industry is experiencing, with little hope of a turnaround in the second half of the year
Ferragamo continues to struggle amid decreasing consumer confidence
The Italian luxury group reported a third quarter revenue drop of 7.2% year-on-year due to weak demand in the Asia Pacific region and declining wholesale sales, despite gains in Japan and Latin America
FDRA launches new tool to enhance supply chain mapping for footwear brands
FDRA launches new tool to help footwear brands map their entire supply chain, from raw materials to final assembly, ensuring compliance with new regulations on sustainability and forced labour
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