News
Vietnamese factories to continue working amid Omicron surge
Despite a new peak in COVID-19 infections, the high vaccination rate has enabled factories to continue producing, reversing last year’s policy of lockdowns
Crocs completes the acquisition of Heydude
The US-based brand of causal footwear, famous for its clogs, has announced to have completed the acquisition of the casual footwear brand Heydude
Tríbio: the newest Portuguese sustainable brand in the market
The Portuguese brand wants to take care of the Planet first. It stands out for being truly biodegradable and compostable and having every component certified
Leather Naturally (LN) and Leather Working Group (LWG) join forces
The two leather industry non-profits have announced a reciprocal membership agreement. They will collaborate more closely to help consumers overcoming certain misconceptions about leather
Bangladeshi leather exports ahead of strategic growth targets
In the first seven months of the current fiscal year, the Bangladeshi leather industry reported growth across all segments, generating a total revenue of 682.74 million US dollars
Brazilian footwear launches series on sustainability
The ten-episode international series is part of a campaign, to be launched this year, that intends to reposition Brazil as a sustainable player worldwide
Crocs announces record revenue
The US-based company of casual footwear has reported revenue increase of 66.9% in 2021, reaching 2.3 billion US dollars. For 2022, Crocs is expecting to exceed revenue growth by 20%
Asics partners up with virtual training platform
As part of the company's digital expansion strategy, Asics is joining forces with the online platform Zwift to create online running experiences that can assist runners achieving their goals
Under Armour announces fourth quarter and full year 2021 results
The Baltimore-based group has reported revenue growth of 27% in 2021, reaching 5.7 billion US dollars, as compared to the prior year. In the fourth quarter, revenue totalled 1.5 billion US dollars
Tapestry announces record quarterly sales
The New York-based luxury group, owner of Coach, Kate Spade and Stuart Weitzman, improved its outlook for fiscal 2022 after reaching 2.14 billion US dollars revenue in the second quarter
Turkish footwear exports reached 1 billion US dollars in 2021
The record figure reflects an increase of 22.9%, as compared to 2020. Turkish footwear industry is benefiting from demand for suppliers located close by to Europe
UK Retail: the first months of 2022 might be a cold shower for the expectations of retailers
Although the TCF sales index surpassed the 2018 baseline in November, the downwards trend of pessimism experienced among consumers since July last year is raising concerns. In fact, last month, the consumer confidence index dropped to its lowest level in 11 months. Retailers should be wary of consumers fears over surging inflation, rising fuel bills and the prospect of interest rises, while managing supply difficulties brought by the ongoing unwind of the Brexit process
Anna Yona: we all need to be part of the solution
We have spoken to Anna Yona who founded the German company Wildling Shoes alongside her husband, Ran Yona, in 2015, to find out a bit more about its innovative concept of healthy shoe and how one original idea grew into a brand awarded for its design and quality standards
Bolflex promotes a circular economy
The Portuguese company of footwear components has announced to have recycled 1 200 tons of raw material in 2020, doubling the quantity as compared to the previous year
Consumer confidence in the UK drops in the second half of 2021
Despite a strong rebound in the first half, consumer confidence fell for the second consecutive quarter in the last three months of 2021, thanks to the rise in living costs and to the impact of the Omicron variant
adidas strengthens its commitment to women
The German-based sportswear has launched new women-focused products, alongside enhanced support for established and emerging athletes, as well as new support programmes
Columbia Sportswear posts revenue growth
The US-based sportswear company has reported sales increase of 25% over 2021, reaching 3.13 billion US dollars. Fourth quarter results were driven by strong consumer demand
Puma launches Minecraft collection
The collection contains Minecraft-themed apparel and footwear sized for both children and adults. The Puma x Minecraft collab includes a rendition of the iconic Suede model
Foot solutions buys Florida-based retailer Happy Feet
The international retailer of wellness footwear and custom orthotic insoles has announced the acquisition of the retailer Happy Feet. Details of the transaction were not disclosed
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