News
Türkiye restricts footwear imports via postal and express channels over safety concerns
The Turkish Ministry of Trade has introduced new restrictions on the import of several products, including footwear, via postal and express delivery services due to safety concerns
BioShoes4All achieves an 85% completion rate
The BioShoes4All project, which involves over 70 entities in the Portuguese footwear sector and focuses on developing sustainable solutions, has achieved an 85% completion rate
Prada Group sales rise in the first nine months
The Italy-based group reported year-on-year net revenue growth of 9% in the first nine months of the year. This was driven by the Miu Miu brand, which saw a 41% year-on-year rise in retail sales during the period
France Retail: operating in the dark
Overall retail sales have struggled to stay afloat this year, and the footwear sector has performed even worse. Despite a 1.9% increase in the value of footwear imports and an 8.4% increase in the volume of imports in the first half of the year, sales decreased by 1.4% in value and 2.6% in volume in the first eight months, suggesting that retailers are focusing on lower-cost stock. The sector’s challenges are exacerbated by below-target inflation and a sharp fall in consumer confidence. As political uncertainty continues to cast a shadow over consumer and retail sentiment, hopes for a turnaround are almost entirely on the Black Friday and Christmas shopping seasons
Hermès posts solid nine-month performance
The France-based luxury group posted a solid performance in the first nine months of the year, driven by sustained momentum in the third quarter, particularly in Europe, the Americas and Asia
069 CONNECT to redefine industry dialogue
HDS/L and Messe Offenbach present a new event that will gather brand leaders, retailers and decision-makers to exchange ideas and explore opportunities for the footwear industry
Sergio Dulio (UITIC): AI is an important tool that companies cannot be unware of
The World Footwear attended the 22nd UITIC Congress in Shanghai back in September. We had the opportunity to talk with Sergio Dulio, president of the UITIC, about some of the main conclusions of the congress. Watch the interview below to learn about it
Kering reports quarter-on-quarter improvement
The France-based group reported a sequential improvement in its latest quarter, reducing its revenue decline. Gucci also performed slightly better, thanks to stronger momentum in North America and Western Europe
Giuseppe Marsocci appointed CEO of Giorgio Armani Group
Giuseppe Marsocci, a seasoned Armani fashion group executive, has been appointed as Chief Executive Officer of the company, with immediate effect
Arklyz announces the acquisition of Gabor
The Swiss-based sports and lifestyle group is continuing to expand its portfolio into footwear, having recently announced the acquisition of Gabor. No financial details were released
Wales Bonner succeeds Nichanian at the creative helm of Hermès Menswear
Following the announcement of Véronique Nichanian’s departure after 37 years at the luxury group, it was revealed that Grace Wales Bonner would be taking over as Creative Director of Hermès Menswear
Stella reports third quarter volume growth on solid sports demand
The Hong Kong-based footwear manufacturer has reported a 7.8% year-on-year increase in footwear shipments in the third quarter of the year, driven by solid sports demand
New Generation: João Marques from Marqsol
João Marques, who has a technology specialisation in management, is the second generation to lead Marqsol, a footwear components company based in Portugal
Innovation to take the spotlight at Expo Riva Schuh and Gardabags
As the footwear and accessories industry enters a new phase, Expo Riva Schuh and Gardabags will serve as the global meeting point where technological innovation transforms into commercial opportunity
Lu Hua (CLIA): The Chinese domestic market is an opportunity for all brands
During the last edition of the UITIC Congress, we spoke with Lu Hua, Deputy Secretary General of CLIA, the China Leather Industry Association. A nice conversation about the Chinese footwear industry and the UITIC Congress. Watch it here today
UK: Budget anxiety dampens retail spending and footfall
Retail activity in the UK is showing signs of slowing down, with consumer caution ahead of the Autumn Budget dampening spending and footfall in major shopping areas
Designer Brands announces CFO transition
Mark Haley, the company’s Senior Vice President, Controller and Principal Accounting Officer, has been named Interim Principal Financial Officer following the resignation of CFO Jared Poff
European business associations urge EU-Mercosur ratification amid debate
Twenty-six European business associations, including CEC, representing a variety of industries, are calling for the swift ratification of the EU-Mercosur agreement, as the bill has now entered the European Parliament
Los Angeles project turns old shoes into new opportunities for sustainability
The Footwear Collective has partnered with Goodwill SoCal to collect and recycle used shoes. Consumers are invited to donate shoes of any brand or condition as part of this major initiative
Fashion falters as LVMH returns to growth in the third quarter
The France-based luxury group reported 1% year-on-year growth in the third quarter, with improvements across all business segments. However, the fashion & leather goods segment continues to falter
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