News
Bata launches shoe collection made with recycled plastic bottles
The footwear group has introduced the latest collection from its Power brand. Dubbed Love Ocean, it highlights Bata’s concerns about plastic waste polluting the oceans
H&M to lay off 1 500 people
The Sweden-based fast fashion company announced that it will cut around 1 500 jobs from its workforce as part of a global cost and efficiency programme recently initiated
Genesco cuts again full year outlook
The Nashville-based footwear group, which posted a third quarter net sales growth of 1% year-over-year, lowered again its annual outlook amid higher industry-wide promotional activity and cost pressures
Cyber Monday sales hit record 11.3 billion USD
According to Adobe Analytics, this record was driven by demand despite ongoing inflation felt in the US. Discounts and excess of stock were key to this outcome
Portuguese footwear industry to invest 600 million euros in the next 8 years
The Portuguese Footwear, Components, Leather Goods Manufacturers' Association (APICCAPS) has unveiled the new Strategic Plan of the Footwear Cluster 2030, setting in motion another decade of growth
MICAM on the road in December
The international footwear trade show is holding three teaser events in Berlin, Seoul, and Brussels in December to anticipate the upcoming edition scheduled for February 2023
Consumption stagnation, price increases, and drop in employment expected for 2023
This is the main outcome of the most recent edition of the World Footwear Business Conditions Survey, conducted in November. Today we bring you a summary of some of the main conclusions
Spanish Camper launches Wabi slipper made with regenerative wool
The Mallorca-based footwear company teamed up with a local material supplier to recreate the 22-years old Wabi slipper model using regenerative wool locally sourced and processed on the island
Designer Brands announces third quarter results
The North-American company posted net sales of 865.0 million USD in the third quarter of 2022, with sales of owned brands representing 26.5% of the total, as compared to 21.5% in the same period of last year
Luxury concerned over new COVID-19 surge in China
The Asian giant tightened its COVID-19 restrictions last week due to a spike in new COVID-19 cases. This has raised concern about a further slowdown in the country's luxury market
Foot Locker: high expectations for a future under Dillon's leadership
After a challenging few years, analysts and investors are placing high hopes on the fresh perspective Dillon will bring to the US-based retailer's future, says Sportstextiles.com
Pakistani footwear exports in growing mode
The Asian country's footwear exports grew significantly from July through October 2022 (by 82% in volume and by 31%, year-over-year), while leather exports lag behind
Havaianas expands ReCycle initiative in Asia
The Havaianas Asia Pacific (APAC) division has committed to collecting 10% of the total sold flip-flops using Recycle stations in-stores across the region by 2030
Dr. Martens warns on full year profit margins
Despite a strong performance in the first half, the British label is concerned with full year profits due to weaker consumer demand, higher investment in its DTC channel and a stronger US dollar
Ellen Schmidt-Delvin: we are all looking to Europe to show us the next innovation
Today we are sharing with you an interview with Ellen Schmidt-Delvin, Cofounder and Executive Director, University of Oregon. We have talked with Ellen about traceability, sustainability and innovation and all pressing issues of the footwear industry
Dior buys prints and manual finishings on leather specialist Art Lab
According to the Milanese business newspaper Il Sole 24 Ore, the Parisian-based House has acquired the Tuscan company specialized in prints and handmade finishings on leather
UK: cost-of-living crisis to impact Christmas spending habits
Nearly half of UK consumers (43%) are expecting to spend less over the upcoming festive season, as compared to 22% in the same period last year. Consumer confidence is at an all-time low
Designer Brands adds two names to the Board of Directors
The North-American company announced the appointment of Rich Paul and Tami J. Fersko to the Designer Brands Board of Directors as independent directors
MLV Shoes opens its first store
The Portuguese footwear brand opened its first space in Lisbon to showcase the entire catalogue. So far, the brand could only be found online and in multi-brand sales points across the country
Dick's Sporting Goods posts solid performance
The sporting goods retailer has reported a 7.7% net sales increase in the third quarter of 2022, as compared to the same period of last year, deciding to raise the full year outlook in result
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