Strategy
Nike rehires former executive to strengthen the wholesale business
Veteran executive Tom Peddie will return to Nike as vice president of marketplace partners. The appointment comes at a time of slowing sales and strained relationships with retail partners
Learning factories: Portugal leads the way in training
“Putting companies at the forefront of the training process” is the aim of the European training project Learning Factories, under the Erasmus+, led by the leather goods company Belcinto and supported by the Portuguese Footwear Technology Centre (CTCP)
Saks Fifth Avenue owner to acquire Neiman Marcus
HBC, the parent company of Saks Fifth Avenue, has signed a definitive agreement to acquire the Neiman Marcus Group, owner of Neiman Marcus and Bergdorf Goodman, in a deal valued at 2.65 billion USD
White Mountain to expand into the male segment
The US-based label, owned by the American Exchange Group, continues to expand into different product categories. It has now announced plans to enter the men’s and boys’ footwear segment
Giovanna Ceolini: We have many tough challenges on the horizon
We spoke to Giovanna Ceolini, recently re-elected President of Assocalzaturifici until 2027, to explore the association’s key priorities for the future in the face of a challenging economic climate. We also discussed the upcoming edition of MICAM, which has recently moved to a three-day format
Nike job cuts reach Europe
The US-based sportswear giant has cut jobs at its European headquarters in the city of Hilversum, just outside Amsterdam, as part of a multi-year cost-cutting plan, said Bloomberg
LVMH extends partnership with Alibaba
The French-based luxury group has extended its partnership with the Alibaba Group for the next five years to enhance its omnichannel strategies and digital presence in China
Mata completes environmental certification with the US on the horizon
Fábrica de Calçado da Mata, a Portuguese company specialising in men's shoes, has just had its environmental management system certified, marking another important step in its sustainability journey, with the US on the horizon
Manuel Rios re-elected Cotance President
Manuel Rios has been unanimously re-elected as President of the European leather industry body for the next two years at the recent General Assembly held on the 15th of May
Vietnam retains second spot in global footwear exports in February
Vietnam remained the world’s second-largest exporter of footwear after China in February, with a turnover of 1.17 billion USD, according to figures released by the General Department of Customs
Levi’s pulls out of footwear business
The denim company has announced that it is exiting the footwear business. This is part of its strategy to focus the business as it moves towards a more direct-to-consumer business
Mango hits the 3 billion sales mark
The Spanish-based fashion group has increased its turnover by 15%, reaching more than 3.1 billion euros for the first time in 2023. It aims now to pass the 4 billion mark by 2026
Allbirds completes two international distributor deals
The sustainable footwear brand has signed two distribution agreements covering Australasia and Japan. Moving from direct sales to a distributor model is part of its strategic transformation plan
Hoff partners with Newmark Retail to fuel European expansion
The Spanish footwear brand has appointed the strategic retail property advisor Newmark Retail UK & EMEA to support its national and international retail growth strategy
Macy’s cuts 2 350 jobs
As it continues to streamline its business, the department store chain has announced that it will lay off about 3.5% of its workforce, or around 2 350 employees, and close five stores-
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