News
Footway Group moves e-commerce business to a new group
The Sweden-based Footway Group AB has transferred its e-commerce business to a new group of companies, as part of a strategic review that has been underway for the past four years
adidas poised to report the highest profit in three years
The sportswear company is expected to post strong sales and its highest profit margin in three years in the second quarter, according to analysts. The forecast comes amid recent struggles at rival Nike
Brazilian footwear industry concerned by surging Chinese imports
The warning comes from Abicalçados. The surge in Chinese footwear imports is causing concern for the Brazilian footwear industry, which continues to see a steady decline in exports
Nike rehires former executive to strengthen the wholesale business
Veteran executive Tom Peddie will return to Nike as vice president of marketplace partners. The appointment comes at a time of slowing sales and strained relationships with retail partners
Shoe Carnival issues 49th consecutive quarterly dividend
The US-based footwear retailer has announced that its Board of Directors has approved the payment of a quarterly cash dividend for the 49th consecutive quarter
American Exchange Group acquires footwear brand Island Surf Company
The US-based group has announced the acquisition of the nautically inspired footwear brand Island Surf Company, which will now become a division of White Mountain
OrthoLite expands European hub
The US-based insole manufacturer has announced the expansion its European facility, OrthoLite Europa (OEU), located in Almansa, Spain. The aim is to increase capacity and bring solutions closer to its European partners
Birkenstock share sale raises 756 million USD for L Catterton Group
LVMH-backed private equity firm and a group of Birkenstock employees have raised 756 million USD from the sale of a block of shares in the US-traded company. L Catterton will retain a 73% stake in the footwear brand
Influencer Marketing seen as a Successful Tool for Footwear
In this edition of the World Footwear Business Conditions survey, we asked our experts about their opinions on the effectiveness of influencer marketing. The results shed light on the apparent noteworthy impact of influencer marketing in the footwear industry
Learning factories: Portugal leads the way in training
“Putting companies at the forefront of the training process” is the aim of the European training project Learning Factories, under the Erasmus+, led by the leather goods company Belcinto and supported by the Portuguese Footwear Technology Centre (CTCP)
EU comes closer to regulating greenwashing
The Council of the European Union has adopted its general approach on the Green Claims Directive, which aims to tackle greenwashing and help consumers make greener choices. The proposal will now be negotiated in the European Parliament
New SVP to lead Authentic’s strategy in Japan
The US-based management brand group ABG has appointed Jeff Daggett as Senior Vice President – Head of Japan to strengthen Authentic’s presence and drive growth in the Japanese market
No impact on Vamos and Groundies from parent’s company partial insolvency
The sneaker brand Vamos and the barefoot shoe brand Groundies were not affected by the insolvency of Weltbild GmbH & Co. KG, a subsidiary of the German WB D2C Group
Hundreds of jobs to be axed at Burberry
The UK-based luxury label plans to cut hundreds of jobs as part of a radical cost-cutting programme intended to bolster falling profits, the Telegraph reports
Saks Fifth Avenue owner to acquire Neiman Marcus
HBC, the parent company of Saks Fifth Avenue, has signed a definitive agreement to acquire the Neiman Marcus Group, owner of Neiman Marcus and Bergdorf Goodman, in a deal valued at 2.65 billion USD
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