World Footwear

Companies

Weak performance in China affects Tod’s first quarter turnover

May 28, 2024 / Italy
Ahead of the delisting, the Italian luxury group has reported a 6.7% year-on-year fall in turnover in the first quarter of the year, mainly due to a weak performance in the Chinese market

VF Corp fourth quarter losses widen

May 27, 2024 / United States
The US-based footwear company has ended its fiscal 2024 in the red, with fourth-quarter sales falling and losses widening. Vans has failed to take off and the US market remains challenging

On reports strong first quarter

May 27, 2024 / Switzerland
The sportswear company has reported a strong start to 2024, with a first quarter revenue and net income growth of 20.9% and 106.6%, respectively, as compared to the same period of last year

Under Armour to lay off staff as sales continue to fall

May 24, 2024 / United States
The Baltimore-based company has launched a restructuring plan for fiscal 2025, which includes the layoffs of an unspecified number of employees, after reporting weak fourth quarter and full year results

Domestic market drives modest growth for Grendene

May 23, 2024 / Brazil
The owner of Melissa and Ipanema has reported a net sales growth of 3.2% year-over-year in the first quarter of the year, driven by domestic demand. International market remains challenging

Burberry full year results hit by slowing luxury demand

May 22, 2024 / United Kingdom
The luxury group has reported a decline in both sales and profits amid a slowdown in demand for luxury goods, which particularly affected its performance in mainland China and the US

Pentland Brands names new President for the Americas

May 22, 2024 / United Kingdom
The owner of brands such as Speedo and Berghaus has announced that Joe Spies has become the President of the Americas region, succeeding Matt Rock, who stepped down after 19 years with the company

Footwear survey reveals optimistic outlook

Premium ContentMay 21, 2024 / Business Conditions Survey
The results of the 10th edition of the World Footwear Business Conditions Survey are now available. Despite the macroeconomic scenario, the overall outlook remains optimistic

Arezzo starts the year on a positive note

May 21, 2024 / Brazil
The Brazilian footwear group, which owns brands such as Arezzo, Schutz and Anacapri, reported a strong start to 2024, with revenue and profit growth largely driven by the domestic market

Alpargatas reports strong first quarter

May 20, 2024 / Brazil
Havaianas’ parent company has reported a strong first quarter, with net revenue up by 3.2% year-over-year, driven mainly by the domestic market, and above all a return to profitability

Allbirds shows progress on losses

May 17, 2024 / United States
Amid a strategic turnaround plan, the Californian footwear brand narrowed its losses in the first quarter 2024, but still suffered a 27.6% year-over-year decline in sales due to lower demand

Zalando Co-founder David Schneider steps down from his role as co-CEO

May 16, 2024 / Germany
The German-based online retailer has announced that David Schneider will step down from his role as co-CEO to focus exclusively on managing strategic partnerships and brand relationships

Wolverine posts better-than-expected results

May 14, 2024 / United States
Despite a 34% drop in first quarter revenue, the US-based outdoor company, which is undergoing a turnaround plan, said results were better-than-expected. New CFO appointed

Steve Madden on an upward trajectory

May 9, 2024 / United States
Building on a positive fourth quarter in 2023, the New York-based footwear, accessories, and apparel designer reported continued growth in revenue and profits in the first quarter of the year

Crocs posts strong first quarter

May 8, 2024 / United States
The US-based casual footwear company kicked off the year with a first quarter revenue growth of 6.2% over the same period of last year, driven by the performance of the Crocs brand
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