News
ThredUp divests its European business
The US-based online platform has sold European business Remix in a management buyout, enabling both companies to prioritise market strengths and drive targeted growth under separate leadership
OrthoLite significantly expands its operations in India
Thanks to solid leadership in the region, OrthoLite has increased its Indian footprint by adding leather insole production and strengthening local manufacturing to support 61 brand partners
Foot Locker stumbles in the third quarter
The US-based sports retailer has stumbled again in the third quarter of its fiscal year, as total sales fell after the peak of the back-to-school season amid a heightened promotional environment
Mauro Bergozza takes the helm of Assomac at a challenging time for the industry
Mauro Bergozza, CEO of Bergi, has been chosen to succeed Maria Vitoria Brustia at the helm of Assomac at a time when exports of footwear and leather machinery are in decline
Kering leads the fashion industry with science-based targets for nature
The French group became the first fashion company to set measurable science-based goals for reducing water use and land footprint, including both its direct operations and supply chain
Mango reaches US expansion goals ahead of schedule
The Spanish fashion group has reached its goal of having 40 of its stores in the US by the end of 2024 ahead of schedule and even plans to surpass it with 42 stores open by the end of the year
E-commerce led the way on US Black Friday
US retail sales were up by 3.4% on Black Friday compared to the same day last year, according to Mastercard SpendingPulse, driven by a significant 14.6% increase in online sales
Portuguese footwear returns to school to showcase the industry of the future
Last school year, several initiatives were carried out in 78 schools, involving 1,900 young students, to demystify stereotypes and showcase the industry of the future This number will be increased this year
Stuart Weitzman and Swarovski unite for new holiday collection
Stuart Weitzman partnered with Swarovski Creators Lab to release crystal-adorned Stuart Power Shine pumps, a limited-edition collection combining craftsmanship and luxury fashion
Nike promotes Treasure Heinle to Chief Human Resources Officer
The sportswear giant has announced that Treasure Heinle, currently Chief Talent Officer, will succeed Monique Matheson as Chief Human Resources Officer. Matheson will retire after 26 years with Nike
JD Sports completes acquisition of Courir
The UK-based sportswear retailer has completed the acquisition of France's Groupe Courir, thus strengthening its position in the European market. The deal was first announced in May 2023
Mulberry cuts jobs amid efforts to turn around the business
The British luxury handbag company has cut dozens of jobs as part of a major shake-up to turn the business around, after a sales plunge of 19% in the six months to December
Sergio Dulio: all UITIC gatherings are unforgettable, but the next congress will set new standards
We spoke to Sergio Dulio, President of the International Union of Shoe Industry Technicians (UITIC), to learn more about the next UITIC Congress in late August and early September 2025 in Shanghai, China. During our interview, Dulio delves into the significance of the event, its theme and what attendees can look forward to
US footwear prices rise amid economic uncertainty
Tariffs and inflation continue to shape US footwear pricing, as October data revealed mixed trends, with increased men's and children's footwear prices, while prices for women's shoes declined
Global luxury spending to hold steady in 2024
Growth in luxury experiences and shrinking demand for luxury goods highlight a shift in consumer priorities as brands navigate changing market dynamics and regional challenges
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