News
Growing number of foreign buyers at Pitti Uomo
At the last edition of the men’s fashion fair held in Florence, foreign buyers increased by 6.5% compared to twelve months ago and in line with the June edition, while Italian buyers remained stable
Startup competition at Expo Riva Schuh & Gardabags showcases retail innovation
Expo Riva Schuh & Gardabags’ Innovation Village Retail featured nine startups pioneering digital and sustainable solutions, with CLOOV winning for its circular footwear business model
Dr. Martens starts to turn around in the US
The iconic British footwear company has reported a solid performance in its third quarter trading update, highlighting the progress it is making in the US. Full year outlook remains unchanged
Skechers opens first performance flagship location
Located in Canada’s West Edmonton Mall, the store offers an immersive experience with half courts and the company’s extensive performance range of footwear technologies worn by athletes worldwide
Primark lowers full year outlook
The UK-based fashion retailer, owned by Associated British Foods, has lowered its full year outlook, after a first quarter sales decline in the UK and Ireland, which accounted for around 45% of its total sales
LVMH reports stable performance after a difficult year in 2024
Amidst a challenging global economic environment, the France-based luxury group has reported stable 2024 results, highlighting a slight acceleration in growth in the fourth quarter
Puma launches efficiency programme after profit miss
After reporting a full year net income below the previous year’s level and below expectations, the German-based sportswear company has launched a cost-efficiency programme
Transition to a 5.0 industry is underway for the European footwear industry
Partners from Belgium, Romania, Italy, Portugal and Spain recently met in Brussels to plan the next steps of the Shoe 5.0 project, which aims to equip the footwear industry with the skills and mindset needed to make the leap to Industry 5.0
Sustainability takes root in the Portuguese tanning industry
The BioShoes4All project is bringing a new generation of products to life and bearing fruit in the Portuguese tanning industry. The results achieved so far have been recently presented at a demonstration event
Barefoot European Shoe Fair to be launched this year
The first edition of the Barefoot European Shoe Fair will take place from the 31st of July to the 3rd of August, in the halls of Messe Offenbach, in cooperation with HDS/L. 60 exhibitors are expected to attend
UK Retail: the future is not looking very bright
Textile, Clothing and Footwear (TCF) sales have held their own in the final quarter of the year, showing resilience to the drag from overall retail sales. However, the sticky above-target inflation in the UK over the past year is a cause for concern as wages fail to keep pace. In addition, the higher costs for retailers predicted in the last Budget may leave them with little choice but to raise prices and cut jobs. As much as imports have shown some stability, the future for the retail sector is not looking very bright at the moment
Positive perspectives about the health of footwear business continue
More than 65% of the respondents of the last edition of the World Footwear Business Conditions Survey seem confident regarding the health of their businesses. The 11th edition of the World Footwear Business Conditions Survey results are now available
Schuh to cut jobs as part of a restructuring effort
Amid challenging economic conditions, the UK-based footwear retailer has started a voluntary redundancy process. The number of employees affected is not yet known
Görtz declares new insolvency
The long-troubled German footwear retailer has filed for insolvency once again, after its previous insolvency proceedings ended in July 2023
adidas closes 2024 with strong figures
The German-based company has reported strong preliminary figures for the fourth quarter and full year 2024. Shortly afterwards, news of job cuts as part of a restructuring of its headquarters began to appear in the media
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