World Footwear

Investment

US footwear industry expects sales to decline

Jul 13, 2022 / United States
According to the Footwear Distributors & Retailers of America (FDRA), the footwear industry is pulling back on hiring and investment due to a major forecast of weaker sales for the next six months

Gap and Athleta invest in the footwear and apparel start-up Saysh

Jun 21, 2022 / United States
The San Francisco-based apparel retailer invested 1 million USD in the footwear brand founded by the Olympic medallist Allyson Felix and her brother and business partner Wes Felix

Kohl’s in talks to be bought by Franchise Group

Jun 17, 2022 / United States
The American-based department store chain has entered into exclusive negotiations with Franchise Group for a period of three weeks. Franchise proposed to acquire the retail chain for 60 US dollars per share

ABL Group acquires sneaker brands Tonakai

Jun 15, 2022 / Italy
The Italian producer of leather goods, owner of the Rebelle handbag brand, has acquired 80% of Tonakai, the fashion sneaker brand founded by Francesco Renna

The Athlete’s Foot owner acquires Shoe City

Jun 13, 2022 / United States
Arklyz announced it is acquiring the Baltimore-based retailer Shoe City and its associated online platform - ycmc.com. With this acquisition, Arklyz expands its portfolio with another Athletic Speciality Footwear & Streetwear Lifestyle Retail Chain

Vapesol opens industrial unit dedicated to EVA soles

Apr 22, 2022 / Portugal
The investment, which amounted to around 2 million euros, will enable the Portuguese soles manufacturer to answer the increasing demand of customers for this type of sole

Taiwanese footwear manufacturer Hong Fu to invest in Tamil Nadu

Apr 21, 2022 / India
Hong Fu, whose clients include Nike, Puma, Converse and Vans, will invest 1 000 crore (about 131 million USD) to build a new footwear unit in Southern India that is expected to create 20 000 jobs

Nike to open technology centre in Atlanta

Apr 12, 2022 / United States
The US-based sportswear company has announced that it will open a new technology centre in Atlanta to accelerate its digital transformation and direct-to-consumer strategy

Farfetch invests up to 200 million US dollars in Neiman Marcus

Apr 6, 2022 / United Kingdom
The luxury e-commerce platform has announced a global strategic partnership with the US-based omnichannel luxury retailer Neiman Marcus Group (NMG)

Hermès to open two new leather goods workshops by 2026

Mar 22, 2022 / France
The two workshops, which will employ 500 people, will allow the French luxury house to increase its production capacity while remaining committed to its artisanal culture

Skechers to open experiential store in metaverse

Mar 16, 2022 / United States
The US-based footwear giant has announced that it will open an experiential store in the Fashion District of Decentraland, the Ethereum-based virtual world

Lenzing completes lyocell expansion project in Thailand

Mar 14, 2022 / Austria
The leading supplier of wood-based speciality fibres has announced that it has completed its 400 million euros lyocell expansion project in Thailand, despite COVID-19 pandemic constraints

Footwear business not expected to be carbon neutral by 2050

Premium ContentMar 9, 2022 / Business Conditions Survey
Sustainability is becoming more of a real concern for businesses and inhabitants of this world. However, some claim this is just a fashion trend or a marketing tool. With that in mind we have asked our panel if the footwear industry will be able to be carbon neutral by 2050. Half of the respondents don’t believe that will happen

Cost of merchandise and raw materials is the main concern of the footwear business

Premium ContentFeb 3, 2022 / Business Conditions Survey
The COVID-19 pandemic created pressure on the global supply chains, which has resulted in shortages of materials and increased transport prices. The cost of merchandise and raw materials is now the main concern of the footwear industry

Price of footwear is the most important driver in the buying decision

Premium ContentJan 31, 2022 / Business Conditions Survey
A combination of factors will determine the consumer’s decision to choose a pair of shoes. With a view to find out what are the most relevant drivers in that process, we have asked our experts to choose the most relevant factors. Price is at the top of the list
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