World Footwear


Zalando lowers full year GMV and revenue guidance

Nov 7, 2023 / Germany
Despite confirming its 2023 profits guidance, the online retailer has lowered its GMV and revenue outlook revenue on the “expectation of continued pressure on demand for the rest of the year”

ReHubs Europe: an initiative to boost textile waste recycling

Nov 7, 2023 / Europe
After three years of preparation, the European body for the textile and clothing industry, Euratex, has officially launched the ReHubs Europe project to increase the recycling of textile waste

German industry association warns of new wave of insolvencies and closures

Nov 6, 2023 / Germany
The German Trade Association for Textiles, Footwear, and Leather Goods (BTE) recalled that repayment of state aid under the pandemic approach, increasing the pressure on an already struggling sector

Inditex signs a three-year agreement to buy recycled polyester for 70 million euros

Nov 2, 2023 / Spain
The owner of Zara, among others, will be collaborating with the material sciences company Ambercycle to help scale a textile made from post-industrial and post-consumer polyester waste

UK Retail: stabilisation of the footwear trade is the best we can hope for at the moment

Premium ContentOct 27, 2023 / United Kingdom
The bad weather in July and August may not have helped retail over the summer, but it would be ill-advised to believe that’s what it’s all about. Despite some improvements in the general consumer price index, the footwear segment continues to show some resistance to going along with the trend. Inflation will have to continue to fall in order to contribute to sustained sales growth in the future, as most consumers have too much on their plate to spend on non-discretionary items. The only positive sign comes from imports, whose data seems to indicate that at least a stabilisation in retail trade is on the horizon

Nordstrom appoints Chief Human Resources Officer

Oct 17, 2023 / United States
The Seattle-based department store chain has named Lisa Price as Chief Human Resources Officer. She returns to Nordstrom after serving in the same role at Domino’s Pizza since 2019

Inditex and the International Apparel Federation join forces

Oct 12, 2023 / Spain
The Spanish-based group and the International Apparel Federation have signed an agreement to drive a transformation in the global fashion industry in the fields of circularity, traceability and worker well-being

LVMH’s growth slows in the third quarter

Oct 12, 2023 / France
The French-based luxury conglomerate posted an organic revenue growth of 9% in the third quarter, as compared to an organic growth of 17% recorded in the previous quarters of 2023

A new project is being launched to develop skills in the European fashion industry

Oct 10, 2023 / European Union
The Blueprint MetaSkills4TCLF project aims to transform the way skills in the textile, clothing, leather and footwear industries are developed by adopting new learning strategies and bringing in new actors

H&M profits rise in the third quarter

Sep 28, 2023 / Sweden
Despite the slowdown in sales during the third quarter, the Sweden-based fashion group saw its profits rise significantly in the period to 3.32 billion Swedish Krona (285.9 million euros)

Zara expands its pre-owned platform to France

Sep 25, 2023 / France
After a successful rollout in the UK in October 2022, the fashion chain owned by the Spanish-based Inditex group has expanded its second-hand platform in France

Zalando: co-CEOs remain at the helm and sustainability and D&I come under the same umbrella

Sep 19, 2023 / Germany
The e-commerce platform announced that the contracts of Robert Gentz and David Schneider as co-CEOs have been extended and that Pascal Brun has been appointed Vice President of Sustainability and Diversity & Inclusion

H&M anticipates 'flattish' sales

Sep 19, 2023 / Sweden
The Sweden-based fashion group has released a sales development update for the third quarter of fiscal 2023, ahead of the publication of the nine-month report scheduled for the end of September

Primark to close the year with sales growth

Sep 15, 2023 / United Kingdom
Primark's parent company, Associated British Foods (ABF), issued a trading update just before the end of its financial year, anticipating sales growth for both the last quarter and the full year

Inditex profits soar by 40% in the first half

Sep 14, 2023 / Spain
The Spanish-based fashion group, which owns, among others, Zara and Massimo Dutti, posted a strong performance in the first half of 2023, marked by significant growth in profits
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