News
GOAT Group acquires resale platform Grailed
The marketplace group has acquired Grailed, the resale platform for men's luxury, streetwear, and vintage fashion. This move will enable GOAT to accelerate its apparel and accessories categories' growth
UK: VAT-free shopping scheme will not be reinstated
The new British Finance Minister Jeremy Hunt announced that the Government no longer plans to reintroduce VAT-free shopping for overseas visitors. Luxury and retail sectors are against it
France Retail: news are not uplifting footwear retail
The Footwear Retail Sales Index (by BdF) reached in July its lower score in thirteen months in a row, and data from imports from the same month which will most likely make importers revise their decisions to the downside after the increasing value available for june. Despite a slight relief in consumer confidence in August due to Governmental aid, the increase in prices left little space in the wallet for discretionary footwear purchases. Meanwhile, online retail seems to have gained about 50 percentage points in 30 months in France, but data does not allow us yet to conclude whether the footwear segment shares this performance
UGG unveils boot made with regeneratively sourced materials
The Californian brand announced the launch of Classic Mini Regenerate. Available for adults and children, this boot is made with materials from Atkins Ranch, known for its regenerative practices
Puma releases sneaker infused with nitrogen foam
The German-based company has launched Extent, a sneaker inspired by the brand's archive of 2000s long-distance running shoes whose midsole features an innovative nitrogen-infused foam
Rocky Brands creates Chief Operating Officer role
The Ohio-based company announced that CFO Tom Robertson has been promoted to the newly-created role of COO. He will be responsible for overseeing the day-to-day business operations of Rocky Brands
Plumex bets on footwear for diabetics
The Portuguese brand, which has already a footwear line for this segment, teamed up with the Polytechnic Institute of Castelo Branco to further research on this type of footwear
Footwear industry: very positive first semester now threatened by clouds of uncertainty
Watch out an interview with our Editor, Joana Vaz Teixeira, and get the latest updates on the footwear industry, with a focus on the main insights from the performance in 2021, going to the current scenario and the future perspectives
UK: unemployment hits the lowest level in 50 years
Unemployment stood at 3.5% in the three months to August, down by 0.3 percentage points from the previous quarter, falling to the lowest level since 1974, but due to a rise in economic inactivity
Timberland launches circular boot
Timberloop Utility Boots are the highlight of the new Fall/Winter 2022 Earthkeepers by RÆBURN collection, designed to be fully disassembled and recycled at the end of their useful life
Secondhand market tripled in size since 2020
The estimated value of the apparel, footwear, and accessories resale market is now between 100 and 120 billion USD worldwide, more than three times the size it had two years ago
Asics creates lowest ever CO2 emissions sneaker
The Japan-based company has reportedly launched the sneaker with the lowest carbon footprint on the market, which represents a "significant leap forward in its commitment" to achieving net-zero emissions by 2050
LVMH reports steady growth
After recording revenue growth of 28% in the first nine months of 2022, the French-based luxury group said that "growth continues at the same pace". Sales also increased in the third quarter
Bangladesh: leather exports increase in the first quarter
From July to September 2023, Bangladeshi leather exports increased by 20.87%, year-over-year, slightly exceeding the strategic target set for the period (by 6.36%)
Gucci appoints new CEO of its Vault and Metaverse Ventures
The luxury House has named Robert Triefus as CEO of Gucci Vault and Metaverse Ventures, the newly created division designed to scale and expand the brand's metaverse and gaming strategies
Golden Goose acquires Italian Fashion Team
The luxury sneakers brand announced that it has bought its top supplier for an undisclosed sum to boost capacity while retaining its commitment to authenticity and sustainability
Portuguese shoes on stage
The stage of D. Maria II National Theatre hosted, in September, the debut of Pedro Penim's play Casa Portuguesa, in which artists wear Portuguese shoes and are dressed by Bèhen's Joana Duarte
Under Armour announces changes in the leadership team
The Baltimore-based company revealed that David Baxter will assume the role of President of the Americas' region and Mehri Shadman has been appointed Chief Legal Officer and Corporate Secretary
Brazil: footwear exports through September already exceed 2021's total
In the first nine months of the year, Brazilian footwear exports generated 990.35 million US dollars, surpassing the 900 million US dollars recorded in the full year of 2021
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