Strategy
Portuguese footwear steps onto the MET Gala stage
Portuguese footwear made its debut at the MET Gala as musician Maluma and designer Willy Chavarria walked the world’s most famous red carpet in Carlos Santos shoes
Saks Global lays off hundreds of people
Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus, has laid off hundreds of employees as part of a plan to consolidate operations as the retailers merge
Shoe Carnival outlines growth strategy for Shoe Station banner
As it reported its fourth quarter and full year 2024 results, the US-based footwear retailer has unveiled a strategy to “rapidly scale up Shoe Station” into a national footwear retailer
Stella Holdings with net income growth of 21% in 2024
The Hong Kong-based footwear group said its net income grew by 21% year-on-year in 2024, as it continues to invest to meet its Three-Year Plan targets
Wolverine Worldwide appoints its first Chief Strategy Officer
The US-based outdoor company has announced the appointment of Brett Parent as the first Chief Strategy Officer. He has been with Wolverine for nearly twenty years
Macy’s to close 66 stores as part of turnaround strategy
The US department store chain has confirmed the closure of 66 stores as part of its Bold New Chapter strategy, which aims to return the company to sustainable, profitable sales growth
Lloyd unveils new brand identity
After changing its name from Lloyd Shoes to Lloyd Lifestyle following its acquisition by Swiss company Arklyz last year, the German footwear company has unveiled its new brand identity
Geox launches five-year plan to reach over 850 million euros in revenue
The Italy-based company, known for its breathable footwear technology, has launched a five-year plan aimed at bolstering the business that includes 120 million euros of investment
Under Armour unveils four-pillar growth strategy
The Baltimore-based company has outlined a four-pillar growth strategy focused on product, story, service and team to realise its long term potential. The outlook for the current fiscal year remains unchanged
Mango reaches US expansion goals ahead of schedule
The Spanish fashion group has reached its goal of having 40 of its stores in the US by the end of 2024 ahead of schedule and even plans to surpass it with 42 stores open by the end of the year
Mulberry cuts jobs amid efforts to turn around the business
The British luxury handbag company has cut dozens of jobs as part of a major shake-up to turn the business around, after a sales plunge of 19% in the six months to December
Steve Madden to cut on sourcing goods from China for fear of Trump’s tariffs
The US company is accelerating its plans to move production out of China after Trump’s victory in the country's presidential election increased the likelihood of higher tariffs on imported goods
Florbela Silva from CTCP: how is Portugal modernising its footwear industry?
We spoke to Florbela Silva, Head of Innovation and Digital Fabrication and CTCP FabLab, to find out more about the FAIST project, which aims to drive a significant reindustrialisation of the Portuguese footwear industry. During our interview, we discussed the project’s objectives, tools to be leveraged, partnerships and main outcomes
Footasylum secures new bank funding to boost UK expansion
The new funding from HSBC UK will be used to expand stores, improve technology and support exclusive brands. The agreement encourages Footasylum to meet sustainability targets to decrease loan costs-
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