News
Average worldwide export price continues an upward trend to reach $12
Prices of footwear continued to increase in 2023, as revealed by the latest World Footwear Yearbook, as recently released by APICCAPS, the Portuguese Footwear Association. $12 threshold reached
Under Armour appoints former adidas veteran as Vice President of Brand Strategy
The Baltimore-based company has appointed Eric Liedtke as Executive Vice President of Brand Strategy, following the acquisition of UNLESS Collective, a zero-plastic regenerative fashion brand he founded
Weak first quarter at VF Corp
The US-based footwear company has posted a 9% drop in revenue in the first quarter of its fiscal year, as compared to the same period of last year, and has seen its losses widen
Puma reduces full year EBIT guidance
The German-based company has reported a solid second quarter performance, but has decided to lower its full year EBIT guidance in light of the challenging macroeconomic environment
Amazon reports strong second quarter
The Seattle-based online giant has reported a strong second quarter, with increases in both revenue and profit. Amazon Web Services (AWS) segment on the rise
A significant setback for footwear exports in 2023
The latest data published in the World Footwear Yearbook 2024, recently released by APICCAPS, the Portuguese Footwear Association, reveals a drop in footwear exports last year, both in value and volume
Geox sales down in the first half
In line with the start of the year, Geox has reported a 9.4% decline in first half sales, on a comparable basis to the same period of last year, as the wholesale channel continues to struggle in most of its markets
Zalando grows in the second quarter
The German-based online fashion retailer has seen its sales accelerate in the second quarter of the year and profitability improve. CFO Sandra Dembeck will exit the company in February 2025
New EMEA sales director at Veja
The French sustainable sneaker brand has appointed Anthony Bunn as sales director for Europe, the Middle East and Africa (EMEA). He replaces Artaud Frenoy, who became sales director for Asia
Rocky Brands on the road to recovery
The US-based footwear manufacturer has reported solid second quarter results, with operating profit more than doubling as compared to the same period of last year
Allbirds strengthens partnership with the Chinese Belle Fashion Group
The Californian-based sustainable footwear brand has announced that Belle Fashion Group has been appointed its exclusive distributor and licensee in mainland China, Macau and Taiwan
Authentic announces new Ted Baker licensing partners for the US and Canada
The New York-based brand management group has announced that it has found new licensing partners for Ted Baker in the US and Canada, thus securing the future of the fashion brand in the region
Ferragamo first half profits plunge
The Italian luxury group has reported another weak quarterly performance. Both Ferragamo’s operating profit and net profit in the first half of the year fell by 41% and 71%, respectively
Japan Retail: slow but steady future for retail
After unexpectedly slipping into recession at the end of 2023, the Japanese economy appears to be back on track to grow 3.2% in 2024 (FMI forecast). Against this backdrop, fashion retail sales are outperforming the overall retail performance and, interestingly, footwear inflation is now below the 2% target for any economy. However, the picture is not so clear-cut. The weak yen could dampen any growth in imports and the country is still adjusting to a major change in monetary policy. Nevertheless, as predicted in our last Flash, it’s safe to say that a modest recovery has taken place in the sector
adidas confirms strong momentum
The German-based sportswear company has reported a robust performance in the second quarter, led by the footwear segment. As a result, it has again raised its full year outlook
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