World Footwear

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Nike remains the world's top valuable apparel brand

Apr 14, 2021 / World
According to data from the Brand Finance Apparel 50 2021 report, Nike is the world’s most valuable apparel brand for the seventh consecutive year. The total value of the world’s top 50 most valuable apparel companies declined by 8%

Kurt Geiger to open 9 new stores this week

Apr 14, 2021 / United Kingdom
The UK-based retailer has announced it will open nine new stores this week as non-essential retailers in England are allowed to reopen

Sustainability concerns more relevant than fashion trends

Premium Content Apr 13, 2021 / Business Conditions Survey
When asked about the factors considered to be the most relevant in determining the evolution of sales of each category of footwear, our experts’ answers point to a raising relevance of the sustainability concerns

Asos with sales growth of 24%

Apr 13, 2021 / United Kingdom
A few weeks after the announcement of the acquisition of part of the assets of the Arcadia group, including Topshop, the British electronic marketer Asos published its results for the six months to the end of February, posting two digits growth in sales

Fire destroys Valentino factory

Apr 13, 2021 / Italy
A factory in Bucine where Italian luxury house Valentino produced its popular line of Rockstud shoes was almost completely destroyed in a fire in the beginning of April. No casualties have been reported

Sneakers and sports-related footwear expected to gain market share

Premium Content Apr 12, 2021 / Business Conditions Survey
Specialists from all over the world, gathered in our World Footwear' experts panel, believe sneakers and other sports related footwear, as well as other footwear with textile uppers, will continue to gain market share in the near future

Paul Andrew leaves Salvatore Ferragamo's artistic direction

Apr 12, 2021 / Italy
After Salvatore Ferragamo's leadership was recently confirmed, with Leonardo Ferragamo succeeding his brother Ferruccio as non-executive vice president, Artistic Director Paul Andrew is now leaving the luxury fashion house

Kering reorganizes its logistics process

Apr 12, 2021 / Italy
The group's new global logistics hub is located in Trecate (Novara, Piemonte), Northern Italy. The first part of the building has been operating since March 2020. The rest should be operational by the end of the second quarter 2021

UBS foresees 80 000 stores closures in the US by 2026

Apr 9, 2021 / United States
The analysis presented by the investment bank indicates that after the peak in closures registered in 2019, the scenario is not bright and shiny for the next 5 years. UBS is forecasting a 9% of the total current number stores to shut across the country by 2026

Insufficient demand is the main difficulty faced by the footwear industry

Premium Content Apr 9, 2021 / Business Conditions Survey
We have asked the World Footwear' experts panel, gathering specialists from all over the world, about the main difficulties currently faced by the footwear companies all over the world. Insufficient demand was choosen by half of the respondents

Great Britain with a record of 17 500 stores closing in 2020

Apr 9, 2021 / Great Britain
According to new data by consulting firm PwC, Great Britain had an avalanche of store closures during 2020, with some 17 500 stores not resisting the impact of the pandemic. On the other hand, 7 655 opened, representing a net loss of 9 877 stores

Manufacturers more pessimistic about prices than traders

Premium Content Apr 8, 2021 / Business Conditions Survey
In our most recent edition of the World Footwear Business Conditions Survey we have asked our panel of experts about their forecast regarding the evolution of prices in the footwear industry. Find out about their answers today

New Balance appoints Creative Director for MADE In USA

Apr 8, 2021 / United States
New Balance has appointed Teddy Santis, owner and founder of New York-based fashion label Aimé Leon Dore, Creative director of its MADE In USA tagline

Asia more optimistic about quantity of footwear sold

Premium Content Apr 7, 2021 / Business Conditions Survey
In our most recent edition of the World Footwear Business Conditions Survey we have asked our panel of experts about their forecast regarding the evolution of quantities of footwear sold. Find out about their answers today

Ferragamo: Leonardo succeeds brother Ferruccio as President

Apr 7, 2021 / Italy
The Italian luxury brand confirmed Micaela le Divelec Lemmi and Michele Norsa will remain, respectively, Managing Director (CEO) and Executive Vice President. Ferruccio Ferragamo, on the other hand, is giving the role of Non-Executive Chairman to his brother Leonardo
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