Digital
Digital to grow their share in footwear sales
About two-thirds of the experts accounted for during the latest edition of the World Footwear Business Conditions Survey believe that digital retail channels will increase their share in footwear sales in the next three years
Clarks ventures into the metaverse
The British label has launched the Cicaverse immersive experience on Roblox to celebrate the children’s unisex sneaker style, Cica, in partnership with the metaverse development studio Melon
Fly London steps into the metaverse
The Portuguese footwear brand has taken its first steps into the metaverse with four mini-games and a shop on the Roblox platform, which will be accessible from the 31st of May
Digitization and new consumer trends drove growth in 2021
2020 was a challenging year for most companies thanks to the outbreak of the COVID-19 pandemic, which led to severe supply chain disruptions throughout the globe, periods of halting in operations and physical retail, and an increase in raw materials and transportation costs. However, by mid-2021, there were already signs that things were taking a turn for the better, and some companies have managed to equal and even exceed their pre-pandemic performances. We took a look into the full-year 2021 results of some of the largest companies worldwide to observe how they pulled through the challenges brought by the COVID-19 pandemic
Zalando strengthens senior leadership team
The German-based online platform has announced that Padmaja Bommareddy will join the company in the role of Senior Vice President (SVP) of Corporate Development
Nike to open technology centre in Atlanta
The US-based sportswear company has announced that it will open a new technology centre in Atlanta to accelerate its digital transformation and direct-to-consumer strategy
Adidas launches digital Ozworld experience
To celebrate the release of the latest Ozworld collection, adidas Original has launched the world’s first personality-based AI-generated avatar creation platform
Portuguese DiVERGE launches first collection of NFTs
The brand of fully customizable sports shoes has just launched the first collection of NFTs. Whoever buys one, gets to receive a pair of sneakers designed by the artist Frederico Ramires
APLF Dubai is just around the corner
From the 30th of March to the 1st of April, the international leather trade fair will bring together to a new venue, for the first time since the beginning of the pandemic, the global leather industry
APLF to discuss the post-pandemic future of the footwear industry
The second edition of the Global Footwear Executive Summit, to be held on the 31st of March, will bring together top players of the industry to explore digitalization, pricing and sustainability strategies
Inditex posts sales above pre-pandemic levels
The group reported revenue of 27.72 billion euros in 2021, despite COVID-19's impact in the first and fourth quarters. Online channel continues to gain track, representing 25.5% of total sales
Matt Priest: the US footwear industry is resilient and agile
We have spoken to Matt Priest, who is the President & CEO of the Footwear Distributor & Retailers of America, to discuss in detail the achievement of the 100.7 billion US dollars record on consumer demand for shoes in 2021. We have also ventured into the future, going over the main concerns for the US footwear industry, such as rising inflation (7.5% in January), additional duties on Chinese consumers goods, but also the opportunities on the horizon
Farfetch announces first year of adjusted EBITDA profitability
The luxury e-commerce platform has reported a record Gross Merchandise Value of 4.2 billion US dollars in 2021. Adjusted Ebitda margin rose to a positive 0.1%
Footwear in Poland: a country snapshot
Today, we bring to you our new country snapshot, this time focusing on Poland, which constitutes a major hub for footwear trade in Central Europe. In 2020, despite the constraints imposed by the COVID-19 pandemic, both imports and exports increased, making the country the 10th biggest exporter importer of footwear worldwide
Crocs announces record revenue
The US-based company of casual footwear has reported revenue increase of 66.9% in 2021, reaching 2.3 billion US dollars. For 2022, Crocs is expecting to exceed revenue growth by 20%-
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