Companies
Brazilian footwear: trade balance falls by 30% up to August
Brazilian footwear exports continue to fall, while imports continue to rise, leading to a 30% drop in the sector’s trade balance. Low international consumption and competing Asian players are behind the decline, says Abicalçados
Genesco exceeds expectations and slightly raises its full year forecast
Journeys boosts Genesco’s sales in the second quarter of fiscal 2025, as the company navigates store closures and cost-saving measures
Strong first half for Golden Goose
The Italian-based luxury sneaker company has reported a strong first half performance, driven by continued growth in the DTC channel, particularly in EMEA and the Americas regions
Tapestry said to be close to selling Stuart Weitzman
As it defends its 8.5 billion USD acquisition of Capri Holdings in court, several sources have come forward to say that Tapestry is close to selling the luxury shoe brand Stuart Weitzman
Unfavourable weather impacts second half sales of Primark in the UK and Ireland
The parent company of Primark has reported that it expects lower revenue in the second half of the year, as wet weather in the UK and Ireland hit its performance in the region
New Generation: meet Inês Pinho Mota from Leal & Cª
With a degree in Fashion Design, Inês is the second generation at the helm of Leal & Cª, which has just launched the MITIK brand. The goal is to reach new markets
Uniqlo appoints Clare Waight Keller as Creative Director
Japan-based Fast Retailing has announced the appointment of the British designer Clare Waight Keller as its new creative director. She has previously worked at the luxury houses Givenchy and Chloé
Back-to-school season drives growth for Shoe Carnival
Boosted by the back-to-school season, the US-based footwear retailer posted record sales in the second quarter of its current fiscal year. As a result, it has raised its full year guidance
Nordstrom brothers make bid to buy back eponymous retailer
The Seattle-based department store chain has confirmed that brothers Erik and Peter Nordstrom have made an offer to take their namesake retailer private, potentially returning the company to family control
Loake Shoemakers introduces digital product passports
Ahead of upcoming EU regulations, the British leather footwear brand has teamed up with digital platform Buyerdock to integrate Digital Product Passports (DPP) across its entire product range
New leadership appointments at Burberry
The UK-based luxury group has announced the appointment of Jonathan Kiman as Chief Marketing Officer and of Laura Dubin-Wander as President of the Americas region
Temu’s owner warns of slowing growth ahead
The Chinese e-commerce group PDD Holdings has reported a strong performance in the second quarter of 2024. However, it has also warned of challenges ahead as growth slowed on a quarter-on-quarter basis
Kizik looks to expand its global footprint
As part of its global expansion strategy, the Utah-based slip-on footwear brand has announced that it has signed distribution agreements for Taiwan, Italy and Southeast Asia
Birkenstock reports a 19% increase in third quarter revenue
As it continues to invest in expanding its production capacity and global footprint, the German-based company has reported a solid third quarter performance, with double-digit revenue growth in all channels and regions
Schuh introduces single-shoe purchase for disabled customers
Schuh, the footwear retailer owned by Genesco, has introduced single-shoe purchases across its store network to meet the needs of customers with limb differences or disabilities who require only one shoe
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