News
UK Retail: retail prospects for the next months lean to the downside
In the first quarter of 2022, TCF (Textile, Clothing & Footwear) Retail Sales Index returned to pre-pandemic levels, showing that it is no longer sensitive to COVID-19. However, its positive behaviour is somewhat puzzling: consumer pessimism continues to plunge, most likely due to the rising inflation, which hit a record 7% in March, placing pressure on manufacturers’ costs. In addition, it is yet early to quantify the impact of Russia’s invasion of Ukraine on European retail markets
Vivobarefoot partners with kids wear rental service Bundlee
The sustainable footwear brand established an exclusive partnership with Bundlee, a UK based-rental platform for children’s clothing, which is for the first time expanding into footwear
Foot Locker appoints first Chief Strategy & Transformation Officer
The US-based footwear retailer named Neil Bansal to the newly created position of Executive Vice President and Chief Strategy and Transformation Officer
Capri Holdings supports creation of the Versace Foundation
The company has guaranteed 10 million US dollars for the new foundation. The aim of the initiative is to support equality, wellness and safety for the LGBTQIA+ community
Pou Chen posts net profit decline
The Taiwanese manufacturer of branded sports footwear reported a drop of 26.1% in net profit in the first quarter of 2022 due to fewer investment gains from its Nan Shan Life Insurance unit
Spain: turnover of the footwear industry in rising mode
The Spanish footwear sector continues its upward trend. In the first quarter of 2022, its turnover was up by 25.5%, on a comparable basis to the same period of 2021
Average growth of footwear consumption to reach 5.9%
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the evolution of footwear consumption in 2022
New Generation: meet André and Teodolinda
André Rosário and Teodolinda Semedo are the two mentors of PickPocket, a Portuguese brand that reuses materials that are no longer circulating in the leather goods market to make bags, backpacks and wallets
Capri with revenue and earnings increase
The luxury fashion group reported that revenue and earnings for the full year of 2022 exceeded expectations. Total revenue amounted to 5.65 billion US dollars
Government in Pakistan imposes ban on luxury goods' imports
The Federal government of Pakistan has decided to impose a ban on the import of luxury goods. The measure is being announced as a preventive step to obviate the threatening default and contribute to control the escalating hike in the dollar against rupee
Pakistan: strong ten months for footwear exports
In the first ten months of the current fiscal year, footwear exports grew by 21.16% in value, totalling 130.1 million US dollars. Leather footwear exports represent roughly 79% of the total
Dr. Martens posts strong fiscal 2022
The British footwear brand announced that it sold a record number of pairs (14.1 million) in fiscal 2022, which was translated into revenue growth of 18%, as compared to the prior fiscal year
APLF to organise special edition in Bangkok
The organisers of Hong Kong-based trade fair APLF announced a special edition of APLF ASEAN. The event will be hosted in Bangkok from the 19th to the 21st of October 2022 at the new Queen Sirikit National Convention Center (QSNCC)
Dick's Sporting Goods posts sales decline
The sporting goods retailer posted a comparable store sales drop of 8.4% in the first quarter of fiscal 2022 over the same period last year, but remains optimistic about its long-term strategy
Reebok teams up with Zappos to launch adaptative footwear line
The Reebok Fit to Fit collection provides styles that include features that help people with disabilities to gain more independence. The goal is to enhance everyone’s quality of life
Genesco announces first quarter results
The Nashville-based footwear group reported a small decline in sales in the first quarter of fiscal 2023, but remains optimistic for the year ahead as inventories return to more normal levels
JD Sports Chairman steps down
The UK-based retailer has announced that the Executive Chairman Peter Cowgill, who has been leading the company since 2004, will stand down effective immediately
US: growth of consumer prices slows down
The growth of consumer prices slowed in April inthe US. Notwithstanding, prices are still higher than usual
Geox confirms full year outlook
The Italian brand posted revenue growth in the first quarter of 2022, confirming its full year outlook, despite some pressures on margins due to supply chain constraints and the ongoing conflict in Ukraine
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