News
Axel Arigato appoints new creative director
The Swedish footwear and fashion brand Axel Arigato has appointed Jens Werner as creative director. He succeeds Max Svärdh, who cofounded the label with Albin Johansson in 2014
Bangladesh leather exports on the decline
It seems that the year 2023-2024 won’t be a positive one for Bangladesh’s leather exports. With one month left to the end of the year, total leather exports have declined by 14.17% year-over-year
Industry is antecipating an increase in the quantity of footwear sold
According to the latest edition of the World Footwear Business Conditions Survey more than 60% of the respondents expect quantities of footwear traded to increase. All results are now available
France Retail: the ball is in the consumers’ court to boost retail
The first quarter of the year brought some contradictory signs in France, but perhaps all is not lost, especially for footwear retailers. Prices in the category have been rising at a slower pace than general items, becoming more stable every month, which perhaps helps explain the (albeit residual) increase in footwear sales in March. Confidence indicators for both retailers and consumers remain in the red, but the small year-on-year increase in imports at the start of 2024 points to higher demand later in the year. With the European elections in June and the Olympic and Paralympic Games in August, as well as real wage growth, the ball is in consumers’ court to boost retail
Positive 2023 for Italian footwear, leather goods and tannery machinery exports
According to ASSOMAC, the association representing Italian manufacturers of footwear, leather goods and tanning technology, the 3.66% year-on-year growth in exports in 2023 shows the “resilience” of the sector
Slight increase in the attendance of foreign buyers at Pitti Uomo
The first data on the final turnout at the men’s fashion fair in Florence indicates a slight increase in the number of foreign buyers, but a decrease in the number of Italian ones
Portuguese Business School and Sanjo launch exclusive sneaker edition
The Institute of Economics and Management (ISEG) and the Portuguese footwear brand Sanjo have teamed up in a groundbreak collaboration to create an exclusive edition of sneakers
Slowdown in US footwear price increases
US footwear price increases decelerated in May, in line with overall consumer retail prices, according to the latest data from the FDRA. In general, however, they are still rising
Parent company of Clarks posts full year net loss
The parent company of the British footwear retailer Clarks suffered a net loss in 2023, despite overall revenue growth. The results reflect a weak demand, with cautious consumers facing high inflation and rising interest rates
Golden Goose valued at up to 1.86 billion euros for IPO
The Italian luxury sneaker company is targeting a market capitalisation of up to 1.86 billion euros in its initial public offering on the Milan stock exchange, below earlier expectations
New majority shareholder at Dr. Martens
The British footwear company has announced that the Guernsey-based IngreGrsy has acquired a 38.46% stake in the brand as part of a restructuring within owner Permira’s buyout fund
UK retail sales pick up slightly in May
UK retail sales rose by a modest 0.7% year-on-year in May, following an April that was hit by an early Easter and poor weather. Online non-food sales appear to have turned the corner, says the BRC
White Mountain to expand into the male segment
The US-based label, owned by the American Exchange Group, continues to expand into different product categories. It has now announced plans to enter the men’s and boys’ footwear segment
Brazilian footwear exports remain in the red
Brazilian footwear exports are still in the red. In the first five months of the year, footwear exports fell by 25% in volume and 22% in value, as compared to the same period of last year
JD.com partners up with Inditex
The Chinese e-commerce retailer has partnered with the fashion retailer to launch a Massimo Dutti flagship store on its marketplace, as part of Inditex’s efforts to meet the needs of China’s digital consumer base
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