News
H&M releases second quarter sales development
The Sweden-based fast fashion company has reported that net sales in local currencies in the second quarter of fiscal 2023 were “flattish”, as compared to the same quarter of last year
Portugal: students engage in Shoes Your Life activities using Virtual Reality
Twenty students participated in the Shoes Your Life learning and training activities in São João da Madeira, Portugal, where it was showcased the project's Virtual Reality App, designed to attract young people to STEAM Education
Burberry reports full year revenue growth
The UK-based luxury group has posted a 10% rise in revenue during fiscal 2023 from the prior year, underlining a rebound in performance in the Mainland China in the fourth quarter
Spanish footwear exports increase in the first quarter
In the first three months of 2023, Spanish footwear exports increased by 21% in value due to the impact of inflation, but remained below pre-pandemic levels in volume terms
Average footwear prices expected to increase
In the latest edition of the World Footwear Business Conditions Survey, our panel members predicted an increase of 7.3% in footwear prices over the next six months. Get free access to the report with the main conclusions
Next reportedly in talks to sell Reiss
The UK-based fashion retailer is reportedly considering selling its 51% stake in Reiss, in a deal that would value the British fashion brand at more than 500 million British pounds
Keen footwear lowers its prices
The Oregon-based footwear company is lowering its prices to give some relief to consumers in this inflationary environment
VF Corp opens new distribution centre in California
The US-based footwear group has announced the start of operations at its new distribution centre in Ontario, California. During peak periods, it will employ around 550 people
Malone Souliers names two new creative directors
The London-based footwear brand has appointed two of its long-time team members, Coco Fong and Valerio Brava, as its new co-creative directors
Golden Goose delivers revenue growth
The luxury sneakers brand saw its revenue grow by 20% in the first quarter of the year, as compared to the same period of 2022, due to “continued investment in and expansion of the retail channel”
Pakistan: footwear exports grow while leather exports decline
According to the Pakistan Bureau of Statistics (PBS), Pakistani footwear exports grew consistently from July 2022 to April 2023, while leather exports continue their downward trajectory
Frasers Group to cut up to 200 jobs
The British retailer has confirmed it will cut around 200 jobs as it continues the process of increasing efficiencies across the company following a series of recent acquisitions
Capri Holdings partners up with the National Fish and Wildlife Foundation
The luxury fashion group has entered a three-year partnership with the National Fish and Wildlife Foundation (NFWF) to accelerate the adoption of regenerative agriculture practices in the US
China to return in force in the next edition of Expo Riva Schuh & Gardabags
Participation in the 99th edition of the trade fair is expected to exceed the figures of January's edition, but the highlight goes to the number of Chinese exhibitors, as their registrations have already doubled
Shoe Zone delivers positive trading update
The UK-based retailer reported that trading exceeded expectations during May and June due to strong early demand for summer products and lower container rates, which helped to improve margins
Owner of Lavoro invests 5 million euros to boost productivity
The Portuguese manufacturer of professional footwear ICC – Footwear Industry and Commerce will invest 5 million euros to increase its productivity by 20% and double sales
Germany Retail: a bleak horizon for both the physical and online retail
Consumers seem to have definitely pulled the rug out from under footwear companies, as can be seen by the wave of insolvencies observed in the footwear sector in recent months, in addition to the store closures recorded in 2022. And the online channel is having no better luck, with sales progressively losing the momentum of the positive results recorded in the summer of last year. Overall, the future of retail looks set to remain a little gloomier in the coming months
adidas and Prada team up on first-ever football boot collection
The German-based sportswear company and the Italian luxury house have unveiled the “adidas Football for Prada” collection, combining the unique features of their DNA
Designer Brands announces first quarter results
After seeing its sales and earnings decline in the first quarter of 2023, the North American company has decided to approach the rest of the year with “heightened” caution, lowering its full year guidance in result
Sorel brand's President steps down
Columbia Sportswear has announced that Mark Nenow has resigned from his role as President of the Sorel Brand due to health reasons. The search for a successor is underway
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