Shoes
Clarks to cut 103 jobs
The difficult economic conditions and the cost-of-living crisis, which are having a negative impact on the British footwear retailer’s results, are believed to be the cause of these cuts
Slower demand for luxury impacts Burberry’s full year forecasts
Despite a revenue increase in the first half of its fiscal year, the UK-based luxury group is now less optimistic about its full year forecasts due to a gradual slowdown in luxury demand worldwide
Hermès could consider investing in Italian fashion and shoe suppliers
This willingness was shown by the luxury company’s CFO, Eric du Halgouët, in a call with analysts last month. The goal would be to further integrate its supply chain
Dr Alexandra Sherlock: Footwear Research Network is a bridge between the footwear industry and academia
We spoke to Dr Alexandra Sherlock, fashion lecturer at RMIT University and founder of the Footwear Research Network, to find out more about this platform and how it aims to bring the academic world and the industry closer together
Onix focuses on the North American market
The Portuguese-based footwear winter manufacturer is focusing on the North American region due to the weather conditions, as well as the conditions of the market
Capri posts results below expectations
The owner of Versace, Michael Kors and Jimmy Choo posted an 8.6% fall in revenue in the second quarter of fiscal 2024, as compared to the same period of last year, will all brands underperforming
Geox reports moderate growth
The Italian-based brand recorded a positive performance in the year to date, but emphasised that the sales growth was moderate as compared to the last two years
Shoe Carnival cuts full year guidance once gain
The US-based retailer reported soft trends after Labour Day due to unfavourable weather conditions, which resulted in lower sales and profits. Thus, it lowered its full year guidance
Steve Madden’s third quarter performance improves
The New York-based designer and marketer of footwear, accessories and apparel posted a slight fall in sales in the third quarter of 2023, but returned to a growth in profits year-over-year
Yue Yuen on a downward trajectory
The Hong Kong-based group recorded a decline in revenue and profits in the first nine months of the year, as compared to 2022, due to a weak performance of its manufacturing business
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Tapestry’s sales growth slows down
The US-based company posted record net sales of 1.51 billion US dollars in the first quarter of fiscal 2024, but a figure only slightly higher than the one recorded a year ago
Birkenstock names new managing director for Greater China
The German-based company has appointed Tiffany Wu to the newly created position of Managing Director of Greater China. Her aim will be to strengthen the company’s presence in the region
Participants at the 7th World Footwear Congress call for greater international cooperation
The 7th edition of the World Footwear Congress ended last week on a positive note, with the industry recognising the need for greater international cooperation to reshape its future
US Retail: footwear prospects until the end of the year are at a standstill
Despite signs of a certain resilience from consumers over the summer, companies are taking a cautious approach for the rest of 2023. The long deceleration in footwear inflation came to a halt in August, so if the trend recedes, wage increases will have to follow suit, or the positive outlook for footwear retail could be jeopardised. It’s not surprising how carefully retailers are managing their inventory at the moment: neither too much nor too little-
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