News
Mango foresees to achieve record sales in 2023
Amid an expansion of its retail footprint, the Spanish-based fashion retailer foresees ending the fiscal year with sales of more than 3 billion euros, which would represent a double-digit growth over 2022
EU Shoes Your Life Jump Out event discusses new approach to STEAM jobs
The EU Jump Out event for the Shoes Your Life (SYL) project, held on the 28th of November in Brussels, debated how digitalization can be used to improve educational opportunities in STEAM careers
Nike cautions against soft demand for the second half of fiscal 2024
The US-based sportswear giant posted a solid performance in the second quarter of fiscal 2024, with profits up by 21% year-over-year, but warned of soft demand for the rest of the year
Overturned veto on payroll tax exemption cheers the Brazilian footwear sector
The overturning of President Lula’s veto of the bill to extend the payroll tax exemption until 2027 in the National Congress on the 14th of December has lifted the spirits of the footwear sector
Caprice acquires Peter Kaiser
The Pirmasens-based footwear manufacturer Caprice has acquired Peter Kaiser, one of Europe’s oldest women’s shoe brands. The company was declared insolvent in 2020
adidas appoints new Global Human Resources Head
The German-based company has appointed Michelle Robertson as Executive Board member, responsible for Global Human Resources, People and Culture, effective from the 1st of January
New General Manager at Assomac
The National Association of Italian Manufacturers of Footwear, Leathergoods and Tanning Technologies (Assomac) has announced that Agostino Apolito will assume the role of General Manager from January 2024
Wolverine Worldwide sells Asian assets for 70 million USD
As part of its ongoing transformation strategy, the US-based footwear company announced the sale of some assets in Asia, which will generate a total of 70 million US dollars in proceeds
South Korean Coupang acquires Farfetch
The South Korean e-commerce giant has agreed to buy Farfetch in a bailout deal, providing the online luxury platform with 500 million USD in emergency funding. Deal to acquire a 47.5% stake in Yoox Net-a-Porter is off
Expectations rise for the next edition of Fimec
The organisers of the “largest leather-footwear trade fair in Latin America” say that the next edition, to be held from the 12th to the 14th of March, “will be the biggest in recent years”
Portuguese footwear arrives in Versailles
The emblematic Château de Versailles has chosen the footwear of the Portuguese brand Uniform Shoes to equip its reception and management teams
H&M reports full year net sales growth
Despite the slowdown recorded in the fourth quarter of fiscal 2023, the Sweden-based fashion group reported an annual net sales increase of 6%, as compared to the previous year
Deborah Taylor from SLF: traceability is the number one challenge facing the leather industry
We spoke to Deborah Taylor, Managing Director of the Sustainable Leather Foundation (SLF), to find out more about the tools the organisation provides to help the leather industry move towards more sustainable practices and the biggest challenges it currently faces
Kiton invests in new production cluster
The Italian luxury ready-to-wear and bespoke clothing company will invest 30 million euros in a new facility in Arzano (Naples) to strengthen its production, including that of accessories and shoes
Under Armour to scale up its fibre-shed test method
The company has teamed up with James Heal, a precision testing solutions supplier, to make its fibre-shed test method available to the industry and to address the growing threat of microfibres and microplastics
German retailers expect weak Christmas sales
German retailers are not expecting a boost from Christmas sales this year. As geopolitical concerns threaten to dampen consumer sentiment, weak demand continues to weigh on their businesses
Christian Louboutin enters joint venture in India
The French footwear designer is transferring his current operations in India into a joint venture with Aditya Birla Fashion and Retail Ltd (ABFRL), one of the country’s leading retail chains
Sam and Libby Edelman presented with the Footwear News Lifetime Achievement Award
The founders of the Caleres-owned footwear brand Sam Edelman were honoured at the last edition of the Footwear News Achievement Awards (FNAAs) with the Lifetime Achievement Award
Inditex reports strong performance
The owner of Zara continues to perform strongly. In the first nine months of 2023, its sales and profits grew by 11% and 33%, respectively, as compared to the same period of last year
First edition of BFSHOW expected to generate over 65 million USD in international deals
The first edition of this footwear trade fair brought more than 150 importers in the industry from 100 countries to Brazil and is expected to generate over 65 million USD in international deals
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