World Footwear

Supply chain

adidas lowers expectations for 2022

May 10, 2022 / Germany
After a revenue decline of 35% in Greater China thanks to a challenging market environment and COVID-19 lockdowns, the company reduced its outlook for 2022 to the lower end of the range

General outlook for the footwear industry is optimistic

Premium ContentMay 9, 2022 / Business Conditions Survey
This is the main outcome of the most recent edition of the World Footwear Business Conditions Survey, conducted during the month of April. Today we bring you a summary of some of the main conclusions

Covestro: towards a climate-neutral future

Premium ContentApr 22, 2022 / Germany
We spoke with Tony Wu, Global Product Manager for Textile Coatings, and Dr. Dirk Achten, Head of Modern Coatings & Adhesive Technologies, to discuss how sustainability and innovation fuel the company’s growth, and which solutions best serve the footwear industry

Less than 20% of retailers on track to meet sustainability targets

Apr 8, 2022 / World
A study found that sustainability is now a strategic priority for retail businesses, but the vast majority is still failing to make meaningful progress

APLF Dubai is just around the corner

Mar 28, 2022 / United Arab Emirates
From the 30th of March to the 1st of April, the international leather trade fair will bring together to a new venue, for the first time since the beginning of the pandemic, the global leather industry

adidas adopts traceability solution for material compliance

Mar 24, 2022 / Germany
The company is among the first ones to adopt the Stockholm-based company TrusTrace Certified Material compliance solution, which enables near real-time traceability at the material level

APLF to discuss the post-pandemic future of the footwear industry

Mar 21, 2022 / United Arab Emirates
The second edition of the Global Footwear Executive Summit, to be held on the 31st of March, will bring together top players of the industry to explore digitalization, pricing and sustainability strategies

Omicron outbreak in China raises fears of more supply chain disruptions

Mar 21, 2022 / China
Chinese authorities are imposing new COVID-19 restrictions to fight the surge of Omicron-variant infections, which is raising concerns over further disruptions to the global supply chain

adidas reports strong growth

Mar 15, 2022 / Germany
The sportswear giant posted currency-neutral sales growth of 16% in 2021 over the prior year, reaching 21.23 billion euros, despite disruptions in the Greater China and Asia-Pacific markets

Matt Priest: the US footwear industry is resilient and agile

Premium ContentMar 4, 2022 / United States
We have spoken to Matt Priest, who is the President & CEO of the Footwear Distributor & Retailers of America, to discuss in detail the achievement of the 100.7 billion US dollars record on consumer demand for shoes in 2021. We have also ventured into the future, going over the main concerns for the US footwear industry, such as rising inflation (7.5% in January), additional duties on Chinese consumers goods, but also the opportunities on the horizon

Rouble tumbles following Russia’s invasion of Ukraine

Mar 2, 2022 / Russian Federation
On Tuesday, the rouble pared some of the previous day’s heavy losses, as it plunged around 29% against the dollar on Monday morning, an all-time low, under pressure on foreign markets from Western sanctions

Rising inflation is a top concern for global CEO’s

Feb 2, 2022 / World
According to the 2022 C-Suite Outlook survey, rising inflation, labour shortages, supply chain disruptions and changing consumer behaviours are the top-of-mind concerns for executives

Footwear prices on growing mode

Premium ContentJan 3, 2022 / World
The overall increase in prices, associated with the disruptions in the supply chain we have come to know since the beginning of the COVID-19 pandemic, has been on the agenda for quite some time now. This trend affects necessarily the footwear industry across the entire supply chain, from suppliers of raw materials to final consumers. We have identified the key pointers that allow us to have a better understanding of this worldwide increase.

Yue Yuen with revenue slowdown

Nov 18, 2021 / Hong Kong
The group has announced results for the first nine months of 2021. Growth slowed down in the third quarter due to disruptions in manufacturing operations in Vietnam and weak retail sales

adidas announces revenue growth slowdown

Nov 17, 2021 / Germany
The sportswear giant has reported that supply chain disruptions and difficult environment in Greater China reduced growth by around 600 million euros in the third quarter of 2021
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