Shoes
Birkenstock's new shoe factory starts up
The German footwear company announced that its new facility located near Pasewalk, in Northeast Germany, has started operating according to schedule, just 17 months into the construction period
Pakistan: footwear exports decline in value at the start of the year
According to the Pakistan Bureau of Statistics (PBS), footwear exports from July and August decreased by 12.75% year-on-year, mainly due to the drop recorded in the leather footwear segment
Visitors to Milan's trade fairs rose by 21%
Between the 17th to the 20th, MICAM and its sisters' fairs were visited by 42 273 people, up by 21% on the September 2022 edition. The organisation highlights the increase in foreign buyers
US: footwear prices fall while overall inflation rises
Data from the Footwear Distributors and Retailers of America (FDRA) for the month of August shows that footwear prices continue to drop despite accelerating inflation
Rocky Brands' CFO steps down
The Ohio-based footwear company announced that Sarah O’Connor has resigned from her role as Chief Financial Officer and Treasurer. She had taken up the position just six months ago
Venezuelan footwear industry calls for a financing plan
Following the 25th edition of the Latin American Footwear Forum, we spoke with the President of the Venezuelan Chamber of Footwear and Components (Cavecal), Tony di Benedetto, about the challenges and expectations of the country’s footwear industry
Vietnam secures the 2nd position amongst leather footwear exporters
In 2022, the Asian country exported 387 million pairs of leather shoes, with a total value of 9.6 billion US dollars, overtaking Italy in the second position
Wolverine Worldwide sells US Leathers and Hush Puppies IP in Greater China
The company announced that its US Leathers business has been sold to New Balance and that Hush Puppies' intellectual property in Greater China will be sold to its current sublicense in the region
President of Journeys to retire in February 2024
After working at Genesco for 44 years, Mario Gallione, who became President of Journeys in 2017, will step down from his role in February 2024. Search for a successor is already underway
Schuh's performance stands out in the second quarter
Against a difficult operating environment, Genesco emphasised the second quarter 21% sales growth at Schuh, as compared to the prior year, which helped offset Journey's continued declining performance
Children's footwear start-up Jbrds Secures 500 000 USD in funding
The Baltimore-based start-up has secured 500 00 US dollars in an initial funding round. Although its financial backers are not known, the company is now valued at 5 million US dollars
Asia recorded the highest increase in footwear imports in 2022
Footwear imports by the Asian continent increased by 23.9% last year, raising its share of the global total to 26.7%. Asia is now the second most import destination for footwear
Another round of lay-offs at Pou Chen in Vietnam
The Baoyuan Vietnam shoe factory, which is run by Yue Yuen, a subsidiary of Pou Chen Corp, has laid off 1 221 people at the end of August. Since the beginning of 2023, around 10 000 jobs have been cut
Caleres reiterates its guidance for fiscal 2023 despite falling sales and profits
The US-based company reiterated its full year outlook, after posting a “strong” consolidated operating margin and better-than-expected adjusted earnings per share in the second quarter-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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