News
adidas terminates Yeezy partnership
Under growing pressure to cut ties with the Yeezy founder, Ye, due to a series of antisemitic statements, the sportswear giant has terminated the Yeezy partnership
Skechers with steady growth
The US-based company posted a sales increase of 20.5% in the third quarter of 2022, year-over-year, emphasizing the "broad-based consumer demand" experienced since the start of the year
Zara to launch Pre-Owned pilot project in the UK
This service, which will be launched on the 3rd of November, intends to help customers repair, resell or recycle their clothing. Zara's goal in the long term is to reduce its environmental impact
adidas lowers again full year outlook
The company, which announced preliminary results for the third quarter, cut once again its 2022 guidance in light of a drop in Greater China traffic and inventory build-up in Western markets
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Burberry raises pay rates early to support staff during cost-of-living crisis
The UK-based luxury group announced that, in light of the rising cost of living, has decided to anticipate the new UK real Living Wage pay rates by more than six months
Kering posts revenue growth
The French-based luxury group continued to grow in the third quarter of the year, led by the "stellar" performance of Yves Saint Laurent. Gucci still hit by COVID-19-related restrictions in China
Red Wing Shoe Company appoints new CEO
The US-based footwear manufacturer named Allison Gettings as Chief Executive Officer, effective from the 1st of January 2023. She is the first woman to lead the company since its founding in 1905
Fátima Lopes celebrates 30 years of career with Portuguese shoes
The renowned Portuguese fashion designer celebrated her 30-years-old career with a commemorative fashion runway in Lisbon in which the mannequins wore Reve de Flo shoes
Meet at Agra 2022 closes in a positive mood
The 14th edition of the Leather, Footwear Components & Technology fair, held between the 7th and the 9th of October in Agra, India, brought together 250 exhibitors from 45 countries
Hermès sales on rising mode
The French-based luxury group reported a sales jump of 30% in the first nine months of 2022, year-over-year, and shows no signs of slowing down. Price hikes are in the pipeline for 2023
William Wong: to prove sustainability we need transparent traceability
Today we bring you an interview with William Wong, President at Global Footwear Sustainability Summit and Vice President at Hong Kong Footwear Association. We have talked with William about what is going on the footwear industry nowadays
Venezuelan footwear production supplies 25% of domestic demand
Despite encouraging figures concerning footwear production, CAVECAL notes that high production costs and bank financing restrictions are the main reasons holding footwear companies back
Asos embarks on reorganization under new CEO's leadership
In the process of introducing a new business model focused on increasing flexibility within its logistics and reducing costs, Asos is writing off up to 130 million British pounds (150 million euros) of stock
US: footwear prices increase but at a slower pace
While high inflation remains a concern for the country's economy, data from the FDRA continues to suggest that the increase in footwear prices is somewhat moderating
MICAM and sisters fairs announce dates for next edition
MICAM, MIPEL, and TheOneMilano will once again be held together from the 19th through the 22nd of February 2023, overlapping with the dates of Lineapelle and HOMI Fashion&Jewels
Skechers sues Hermès for patent infringement
The US-based company announced that it has sued the luxury group for allegedly infringing on multiple patents regarding its Massage Fit sole technology
Decathlon changes name to 'Nolhtaced' in three Belgian cities
The sporting goods retailer has changed its name to Nohltaced (Decathlon written backwards) in Evere, Namur and Ghent, for one month, as part of its campaign to promote reverse selling
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