Strategy
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
Birkenstock expands presence in South Korea with new e-commerce platform
The global brand with German roots has launched a dedicated e-commerce website and loyalty programme in South Korea. Birkenstock also plans to open physical stores in 2025
Portuguese footwear heads to Poland as industry looks to diversify markets
Krakow is the next stop in the international promotion of Portuguese footwear. A showcase of Portuguese brands will take place from the 9th to the 10th of October at Expo Krakow, at the same time as Polshoes
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-
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Footwear Consumer 2030
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