News
Zalando reports improved financial results
The German-based online fashion retailer has reported a 1.3% increase year-over-year in gross merchandise volume in the first quarter of the year and a 29.6-million-euro reduction in losses
EU-New Zealand Free Trade Agreement has officially come into effect
The EU-New Zealand Free Trade Agreement, which took effect on the 1st of May, is expected to increase trade between the two regions by 30%, creating new opportunities for businesses and consumers
Steve Madden on an upward trajectory
Building on a positive fourth quarter in 2023, the New York-based footwear, accessories, and apparel designer reported continued growth in revenue and profits in the first quarter of the year
UK: Poor weather and early Easter weigh on April retail sales
UK retail sales fell by 4 by 4.0% year-on-year in April, against a gain of 5.1% in April 2023. An early Easter and poor weather dampened sales, particularly for clothing and footwear, the BRC said
Wolverine Worldwide enters into licensing agreements for Merrell and Saucony brands
The US-based company has entered into a licensing partnership with Vida Shoes for Merrell and Saucony children's footwear and Centric Brands LLC for Merrell apparel and accessories
Brazil to host the 26th Latin American Footwear Forum
The next edition of the Latin American Footwear Forum, which is held annually in a different country of the South American continent, will take place on the 20th of May in São Paulo, Brazil
Crocs posts strong first quarter
The US-based casual footwear company kicked off the year with a first quarter revenue growth of 6.2% over the same period of last year, driven by the performance of the Crocs brand
Crocs appoints new Chief Financial Officer
At the same time as the release of its first quarter results, the clogs company has announced the appointment of Susan Healy as Executive Vice President and Chief Financial Officer of Crocs
Footwear retail in 2024: signs of recovery or a bumpy ride ahead?
High inflation squeezed margins in footwear retail throughout 2023. To glimpse the industry's 2024 outlook, we analysed results from key players like manufacturers Yue Yuen and Stella Holdings and retailers Foot Locker, JD Sports, Shoe Carnival, and Genesco
Amazon announces first quarter results
A solid start to 2024 for the Seattle-based online giant. Amazon reported a 13% year-over-year increase in net sales in the first quarter, with all segments contributing to the result
Clarks CEO steps down
The British footwear label has confirmed that Jon Ram has stepped down as CEO to “pursue other opportunities” after two years in the role
Portuguese Savana bets on a greener future
Savana Calçado, which specialises in making children’s shoes, has been investing in sustainability over time, not only by launching new products but also by changing the way it makes shoes
Deckers promotes Ellerker to newly created role of President of Global Marketplace
The California-based company, which owns the Hoka and Ugg brands, has promoted Marco Ellerker to the newly created role of President of Global Marketplace, effective from the 1st of August
adidas surprises in the first quarter
The German-based company had a strong start to the year, beating expectations for sales, gross margin and operating profit. This performance appears to mark a turnaround for adidas after a tough 2023
ECHA apologises for misleading claims on leather goods and footwear
The European Chemical Agency (ECHA) has apologised for an infographic published on its communication channels which misleadingly attributed carcinogenic properties to leather goods and footwear
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