News
Average export price of footwear grows by 57% in a decade
Over the last decade, the average worldwide export price of footwear grew significantly and registered a record value of 10.37 US dollars in 2020. This is the highest value ever registered and represents growth of 56.7% compared to 2010 (when the average price was only 6.61 US dollars). Such variance points to an average annual growth in the footwear sector of 4.6% throughout this decade, while the general inflation of the economy was only 1.66%. Footwear prices grew almost three times more than the average registered for all goods
The pandemic led to a higher global attention for the Turkish footwear industry
We spoke with Berke iÇTEN, recently appointed President of the Footwear Industrialists Association of Turkey (TASD), and have discussed the current state and future challenges of the footwear industry in Turkey and in the global scene
Ambitious launches new ladies' line
The company from Guimarães, in the north of Portugal, guarantees that the brand's focus continues to be on male models. However, the brand is experimenting in other fields and now has launched a women's line at Micam
H&M with sales increase
The Sweden-based fashion brand Hennes & Mauritz AB announced the results for the third quarter of 2021, running from 1st of June to 31st of August. Sales and profit increased during this quarter as more stores were able to reopen
Nike cuts revenue forecast amid supply chain disruptions
Despite an increase in revenue of 16% to 12.25 billion US dollars for the first quarter of fiscal 2022, the US-based company admitted that revenue growth is being limited by supply chain disruptions
Vietnam: industry struggles with extended lockdowns
Textile and footwear industries keep struggling in Vietnam amidst strict and extended coronavirus lockdowns. Companies anticipate delays and shortages of goods, along with higher labour prices and shipping costs, as the holiday season approaches
Hotter Shoes partners up with John Lewis
The British comfort footwear brand will sell its shoes through the department store group John Lewis from this month on. The collaboration is part of Hotter’s new partnership strategy
Nike reports increase in revenue
The US-based company has announced the results for the first quarter of the current fiscal 2022. Revenue increased by 16% to 12.2 billion US dollars (up by 12% currency neutral basis)
New members added to Ferragamo's Board of Directors
The Board of Directors of the Florence-based luxury group has appointed by co-optation Frédéric Biousse and Annalisa Loustau Elia as Independent Directors
LVMH plans to recruit 25 000 young people by the end of 2022
The luxury group is launching several initiatives to provide access to training and employment for young people, under the age of 30, from all backgrounds
Manuel Rios elected Cotance's President
Cotance's Extraordinary Assembly General held in Milan unanimously elected Manuel Rios Navarro to guide Cotance for the next 2 years. Mr Rios is the CEO of INPELSA, a Spanish sheepskin tannery located in Canals (Valencia)
Saadia Group to acquire Aquatalia
The US multicategory product manufacturing, wholesaling, distribution and retailing company has agreed to acquire the assets of the Italian footwear and accessories brand. Aquatalia becomes the first luxury label in Saadia's portfolio
Felmini takes sustainable steps
The Felgueiras-based footwear company has adjusted its productive process and invested in more environmentally friendly materials to reduce the ecological footprint of its footwear
Burberry appoints new Chief Digital and Analytics Officer
CP Duggal has been appointed Chief Digital and Analytics Officer, effective from the 30th of September onwards. He will be responsible for driving Burberry’s digital agenda and leveraging data and analytics to support the company’s strategic ambitions
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