World Footwear

Companies

LVMH extends partnership with Alibaba

May 28, 2024 / France
The French-based luxury group has extended its partnership with the Alibaba Group for the next five years to enhance its omnichannel strategies and digital presence in China

Weak performance in China affects Tod’s first quarter turnover

May 28, 2024 / Italy
Ahead of the delisting, the Italian luxury group has reported a 6.7% year-on-year fall in turnover in the first quarter of the year, mainly due to a weak performance in the Chinese market

Mata completes environmental certification with the US on the horizon

May 27, 2024 / Portugal
Fábrica de Calçado da Mata, a Portuguese company specialising in men's shoes, has just had its environmental management system certified, marking another important step in its sustainability journey, with the US on the horizon

VF Corp fourth quarter losses widen

May 27, 2024 / United States
The US-based footwear company has ended its fiscal 2024 in the red, with fourth-quarter sales falling and losses widening. Vans has failed to take off and the US market remains challenging

On reports strong first quarter

May 27, 2024 / Switzerland
The sportswear company has reported a strong start to 2024, with a first quarter revenue and net income growth of 20.9% and 106.6%, respectively, as compared to the same period of last year

Under Armour to lay off staff as sales continue to fall

May 24, 2024 / United States
The Baltimore-based company has launched a restructuring plan for fiscal 2025, which includes the layoffs of an unspecified number of employees, after reporting weak fourth quarter and full year results

Indian leather exports down for the year

May 23, 2024 / India
Exports of leather and leather goods fell by nearly 10% in the fiscal year ending last March, as compared with the previous fiscal year, due to weak demand from markets such as the US and Europe

Domestic market drives modest growth for Grendene

May 23, 2024 / Brazil
The owner of Melissa and Ipanema has reported a net sales growth of 3.2% year-over-year in the first quarter of the year, driven by domestic demand. International market remains challenging

Burberry full year results hit by slowing luxury demand

May 22, 2024 / United Kingdom
The luxury group has reported a decline in both sales and profits amid a slowdown in demand for luxury goods, which particularly affected its performance in mainland China and the US

Pentland Brands names new President for the Americas

May 22, 2024 / United Kingdom
The owner of brands such as Speedo and Berghaus has announced that Joe Spies has become the President of the Americas region, succeeding Matt Rock, who stepped down after 19 years with the company

Arezzo starts the year on a positive note

May 21, 2024 / Brazil
The Brazilian footwear group, which owns brands such as Arezzo, Schutz and Anacapri, reported a strong start to 2024, with revenue and profit growth largely driven by the domestic market

Alpargatas reports strong first quarter

May 20, 2024 / Brazil
Havaianas’ parent company has reported a strong first quarter, with net revenue up by 3.2% year-over-year, driven mainly by the domestic market, and above all a return to profitability

Designer Bianca Saunders teams up with Portuguese Footwear Association

May 20, 2024 / Portugal
London-based designer Bianca Saunders has partnered up with APICCAPS, the Portuguese Footwear Association, and footwear company Valuni to create six cutting-edge shoe designs, all made in Portugal

Allbirds shows progress on losses

May 17, 2024 / United States
Amid a strategic turnaround plan, the Californian footwear brand narrowed its losses in the first quarter 2024, but still suffered a 27.6% year-over-year decline in sales due to lower demand

Theo Henkelman Footwear acquires Bullboxer European trademark rights

May 17, 2024 / Germany
The Dutch footwear group Theo Henkelman Footwear has acquired the European trademark rights to the Bullboxer brand from The Unlimited Footwear Group, which went into bankruptcy earlier this year
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