News
Burberry with growth in leather goods category
The UK-based luxury brand has announced a decline of 31% in revenue for the first semester of the current fiscal year. Despite that, Burberry is pleased with the year-on-year growth registered in the leather goods category
What drives sales of footwear?
Purchasing power, price, fashion, sustainability and climate are all driving footwear sales. However, how important are each of these in the moment the consumer chooses a new pair of shoes?
Impact of the pandemic on footwear consumption
The consequences of the COVID-19 epidemic were inevitably the special topic of this edition of the World Footwear Business Condition Survey. Today we bring you more details about our Expert's views
H&M Group names Leyla Ertur as new Head of Sustainability
From the 1st of January 2021 onwards, Leyla will take over from Anna Gedda who has led the company’s sustainability initiatives since 2014 and who will take on a new role as Head of Steering and Strategic Planning at H&M Group
Deckers targets 100% LWG leather by 2022
The US-based footwear group has announced its commitment to source all of its leather from Leather Working Group-rated tanneries by 2022. Deckers currently sources roughly 97% of its leather from there
Vietnam’s rise in footwear trade
The World Footwear’s Panel of Experts is forecasting Vietnam’s share of footwear exports to reach 11.5% in 2025. Last year Vietnam exported roughly 1.4 billion pairs of shoes
Caleres names Michael Edwards President of Famous Footwear
Michael Edwards will replace Molly Adams, who resigned her position, effective from the 20th of November onwards to pursue an opportunity outside the organization
China’s Singles Day: Nike reaches record sales in just 60 seconds
Within one minute of Alibaba’s Tmall opening for the first phase of China’s Singles’ Day shopping festival Nike’s turnover surpassed the 100 million renminbi (roughly 12.8 million euros or 15.1 million USD) mark
Footwear prices: manufacturers more pessimistic than traders
This is one of the main findings of the third edition of the Business Conditions Survey held last month. Complete report now available to download free of charge
CCC launches ship-from-store to customer door within 60 minutes
Customer needs and the threat of renewed brick-and-mortar retail closures in Poland have led the CCC Group to started testing a new service where a product ordered online would be delivered to the customer’s doorstep within 60 minutes
Ferragamo: sales down by 18.9% in the third quarter
The Italy-based luxury group announced third quarter results with sales down by 18.9%. The accumulated decline in 2020 reached 38.5%. The Asia Pacific area is confirmed as the group's top market, reaching over 42% of total revenue
Steve Madden to focus on private label business
Steve Madden anticipates its private label business with Walmart and Target will increase over the next year as mass retailers have shown strong resilience to the Covid-19 pandemic
VF to buy Supreme
The branded lifestyle apparel, footwear and accessories group VF announced a definitive merger agreement has been achieved to acquire Supreme, a privately-owned global streetwear brand from current investors, The Carlyle Group and Goode Partners
Zalando's revenue up by 21.6%
Zalando has announced revenue increasing by 21.6% in the third quarter. Sales volume was up by 29.9%. The company considered this as a quarter of exceptionally strong and profitable growth
COVID-19 to lead to a 22.2% decline in footwear consumption in 2020
The World Footwear' experts panel, gathering specialists from all over the world, is foreseeing a drop in global footwear consumption of 22.2% in the current year, a figure in line with the previous edition forecast (22.5%)
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