News
Stella International reports modest revenue growth in the third quarter
The Hong Kong-based group reported a 2.2% increase in revenue in the third quarter, reiterating plans to add around 20 million pairs of production capacity through new factories in Vietnam, Indonesia and Bangladesh
Argentina’s footwear industry faces deepening crisis
Amid falling domestic demand, rising imports and concerns over smuggling, Argentina’s footwear industry has lost around 10,000 jobs and seen approximately 100 factories close
US luxury spending declines for third consecutive month
US luxury spending fell for the third consecutive month in September, pointing to continued weakness in demand for high-end goods, according to Citi credit card data reported by Reuters
Mango promotes Marlies Hersbach to Chief People Officer
The Spain-based company has promoted Marlies Hersbach, who is currently Chief Online and Customer Officer, to the position of Chief People Officer with effect from January 2027
Kering and LVMH strengthen model protection charter
The updated charter raises the minimum age of models representing adults to 18, and introduces stricter measures to combat harassment, abuse, and discrimination
ARTE and ESIC join forces to develop Spanish fashion retail talent
The Spanish Retail Textile Association (ARTE) and ESIC Corporate Education have signed an agreement aimed at strengthening professional training, recruitment, and talent retention across the fashion retail sector
LVMH posts mixed nine-month results
The luxury conglomerate reported a 2% year-on-year organic revenue growth in the first nine months of the year, while Fashion & Leather Goods sales fell further in the third quarter due to weaker demand in China
US Halloween spending expected to reach new record in 2026
Consumer spending on Halloween in the US is expected to reach 13.5 billion US dollars, according to the National Retail Federation (NRF), following last year’s level of 13.1 billion US dollars
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CEC study finds safety and chemical compliance failures in online footwear
An European Footwear Confederation (CEC) study found widespread failures in terms of chemical and safety compliance in footwear sold on Shein, Temu and AliExpress, highlighting the need for stronger enforcement of EU product safety rules
APICCAPS to launch market-entry initiative in the US
APICCAPS will promote an initiative in to boost Portuguese footwear exports to the United States by connecting Portuguese companies with American buyers, distributors, and retailers in New York
UK retailers face rising electricity costs in 2026
UK retailers are set to face a 16% rise in electricity costs in 2026, despite energy consumption remaining virtually unchanged, according to the British Retail Consortium (BRC)
Amazon announces new job cuts in its retail division
The Seattle-based e-commerce giant has confirmed a new round of layoffs, mainly in its Store unit, following a broader reduction jobs that began last year and continued into January
Join the 15th edition of the World Footwear Business Conditions Survey
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Fast Retailing posts strong full-year revenue growth
The Japan-based fashion retailer reported a revenue growth of 16.6% in the 2026 financial year compared to the previous year, supported by strong growth of the Uniqlo brand both domestically and internationally
German footwear market contracts as demand shifts towards versatile styles
Germany’s footwear market is forecast to generate less revenue for the third consecutive year, as consumers buy fewer shoes and increasingly favour versatile, everyday sneakers
Frasers Group acquires 8.8% stake in Under Armour
Frasers Group has acquired an 8.8% stake in Under Armour, comprising approximately 16.6 million shares of Class A common stock, according to a filing with the US Securities and Exchange Commission (SEC)
Golden Goose appoints new Chief Consumer Officer
The Italy-based luxury sneaker company has appointed Giorgio Belloli as Chief Consumer Officer. He succeeds Danilo Piarulli, who left the company earlier this year
Manolo Blahnik opens Harrods boutique
The luxury footwear and accessories brand has opened a new, dedicated store within Harrods in Knightsbridge, London. The space features 300 unique ink drawings of Blahnik’s footwear creations
Nike to reduce workforce as part of a new operating model
The US-based sportswear company plans to reduce its workforce as part of a new operating model designed to simplify the company’s structure, cut costs and bring its operations closer to consumers
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