World Footwear


Spain Retail: concerns grow for retailers after an unexpected fall in sales

While 2024 began with consistent, albeit modest (around 1% monthly) growth, a concerning trend emerged in March, with retail sales falling sharply by 7.9% as compared to the previous month. However, a silver lining remains. Fashion is currently the retail sector experiencing the least inflation, and consumers still hold some optimism about the overall economy. This suggests that a period of resilience may be needed from retailers, but a potential rebound could be on the horizon

Under Armour to lay off staff as sales continue to fall

May 24, 2024 / United States
The Baltimore-based company has launched a restructuring plan for fiscal 2025, which includes the layoffs of an unspecified number of employees, after reporting weak fourth quarter and full year results

Global business platform Expo Riva Schuh & Gardabags to return in June

May 24, 2024 / Italy
The next edition of the international Expo Riva Schuh & Gardabags trade fair will take place from the 15th to the 18th of June in Riva del Garda, Italy, showcasing the latest trends and innovations in the industry

Indian leather exports down for the year

May 23, 2024 / India
Exports of leather and leather goods fell by nearly 10% in the fiscal year ending last March, as compared with the previous fiscal year, due to weak demand from markets such as the US and Europe

Domestic market drives modest growth for Grendene

May 23, 2024 / Brazil
The owner of Melissa and Ipanema has reported a net sales growth of 3.2% year-over-year in the first quarter of the year, driven by domestic demand. International market remains challenging

Manuel Rios re-elected Cotance President

May 23, 2024 / European Union
Manuel Rios has been unanimously re-elected as President of the European leather industry body for the next two years at the recent General Assembly held on the 15th of May

Burberry full year results hit by slowing luxury demand

May 22, 2024 / United Kingdom
The luxury group has reported a decline in both sales and profits amid a slowdown in demand for luxury goods, which particularly affected its performance in mainland China and the US

2023: a slow year for Italian footwear exports

May 22, 2024 / Italy
Footwear exports in 2023 faced a gradual decline, resulting in a year-end figure that was 0.6% lower in value as compared to the previous year. Negative import figures also suggest a lack of momentum in the market

Pentland Brands names new President for the Americas

May 22, 2024 / United Kingdom
The owner of brands such as Speedo and Berghaus has announced that Joe Spies has become the President of the Americas region, succeeding Matt Rock, who stepped down after 19 years with the company

Footwear survey reveals optimistic outlook

The results of the 10th edition of the World Footwear Business Conditions Survey are now available. Despite the macroeconomic scenario, the overall outlook remains optimistic

British Footwear Association appoints Richard Shetliffe as CEO

May 21, 2024 / United Kingdom
The British Footwear Association (BFA) has appointed Richard Shetliffe as its new Chief Executive Officer. He succeeds Lucy Reece-Raybould, who left the group in January after five years in the role

Arezzo starts the year on a positive note

May 21, 2024 / Brazil
The Brazilian footwear group, which owns brands such as Arezzo, Schutz and Anacapri, reported a strong start to 2024, with revenue and profit growth largely driven by the domestic market

Designer Bianca Saunders teams up with Portuguese Footwear Association

May 20, 2024 / Portugal
London-based designer Bianca Saunders has partnered up with APICCAPS, the Portuguese Footwear Association, and footwear company Valuni to create six cutting-edge shoe designs, all made in Portugal

Alpargatas reports strong first quarter

May 20, 2024 / Brazil
Havaianas’ parent company has reported a strong first quarter, with net revenue up by 3.2% year-over-year, driven mainly by the domestic market, and above all a return to profitability

Allbirds shows progress on losses

May 17, 2024 / United States
Amid a strategic turnaround plan, the Californian footwear brand narrowed its losses in the first quarter 2024, but still suffered a 27.6% year-over-year decline in sales due to lower demand
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