News
Designer Brands posts decline in sales and gross profit in the second quarter
The US-based company faces a challenging environment with shrinking gross margins and rising debt. As net sales fell in the second quarter, Designer Brands reported a weaker outlook for 2024
Vietnam discusses the creation of a raw materials centre to boost the leather and footwear industry
The creation of a raw material development centre could contribute to the sustainable growth of Vietnam's leather and footwear industry, which is mainly a low-value-added processing industry
Asos agrees on strategic joint venture for Topshop and Topman
The UK-based group Asos has agreed to sell a majority stake in Topshop and Topman to Heartland. This move will allow the company to strengthen its balance sheet while retaining a stake in the growth potential of the two brands
Industrial Property Rights in the EU: Challenges and Opportunities for the Footwear Industry
JUST RELEASED!! Access the latest World Footwear Innovation Paper dedicated to Industrial Property Rights in the European Union (EU) and learn what challenges are comprised within and what and opportunities can be found for the Footwear Industry
Skypro: from Portugal to the skies of the Middle East
The Portuguese uniform and professional footwear company continues to invest in the Middle East. Three contracts worth 1.3 million euros with the Royal Jordanian Airlines and Air Arabia have been signed
American Exchange Group appoints Jimmy Gabriel to lead Aerosoles
The US-based group has appointed Jimmy Gabriel to the newly created role of President and Chief Brand Officer of Aerosoles. Branding and restructuring of all retail channels are his first priorities
Inditex continues to grow
The Spain-based fashion group has reported a strong performance in the first half of the year, with sales and net income up by 7.2% and 10.1%, respectively, on the same period of last year
Brazilian footwear: trade balance falls by 30% up to August
Brazilian footwear exports continue to fall, while imports continue to rise, leading to a 30% drop in the sector’s trade balance. Low international consumption and competing Asian players are behind the decline, says Abicalçados
Milan Fairs to return under the motto Legacy of Style
MICAM Milano, Milano Fashion&Jewels, MIPEL, The One Milano, Lineapelle and Simac Tanning Tech will return to Fiera Milano Rho from the 14th of September under the same “Legacy of Style” motto
Genesco exceeds expectations and slightly raises its full year forecast
Journeys boosts Genesco’s sales in the second quarter of fiscal 2025, as the company navigates store closures and cost-saving measures
Strong first half for Golden Goose
The Italian-based luxury sneaker company has reported a strong first half performance, driven by continued growth in the DTC channel, particularly in EMEA and the Americas regions
Tapestry said to be close to selling Stuart Weitzman
As it defends its 8.5 billion USD acquisition of Capri Holdings in court, several sources have come forward to say that Tapestry is close to selling the luxury shoe brand Stuart Weitzman
Asia accounts for more than half of the global footwear consumption
The dominance of the Asian continent in the consumption of footwear continues, according to data published in the World Footwear Yearbook 2024, as recently released by APICCAPS, the Portuguese Footwear Association
Giorgio Possagno is the new General Manager of Assocalzaturifici
The Italian Footwear Manufacturers’ Association (Assocalzaturifici) has unanimously appointed Giorgio Possagno as its new General Manager. He joins the association from Veronafiere S.p.A
Unfavourable weather impacts second half sales of Primark in the UK and Ireland
The parent company of Primark has reported that it expects lower revenue in the second half of the year, as wet weather in the UK and Ireland hit its performance in the region
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