Shoes
Kering sets new GHG emissions reduction target
The French-based luxury group has announced a commitment to reduce its absolute greenhouse gas emissions (GHG) by 40% by 2035, covering scopes 1, 2 and 3 of the GHG protocol
Bangladeshi leather exports miss strategic targets set
From July to February 2023, the Asian country's total leather exports totalled 832.4 million US dollars, up by 6.05% year-over-year, but down by 9.98% from the target set for the period
Shoe Carnival appoints new CFO
The footwear retailer appointed Erik Gast to the role of Chief Financial Officer, effective the 24th of April. He will succeed W. Kerry Jackson, who will retire after a 35-year career with the company
Genesco reports a slight decline in sales
The Nashville-based footwear group posted a decrease in net sales of 2% over fiscal 2023, reaching 2.38 billion US dollars, amidst a challenging consumer demand environment
Caleres announces record annual sales
The US-based footwear group reached record annual net sales of 2.97 billion US dollars in 2022, up by 6.9% over the prior year, led by its brand portfolio segment
Skechers and Martha Stewart release their first footwear collection
The US-based company teamed up with Martha Stewart to create the capsule collection A Day in the Life of Martha, covering her favourite looks for daywear, entertaining and weekend wellness
German footwear exports up by 19.4% in 2022
German footwear exports in 2022 grew in value by 19.4% over the prior year, totalling 9.6 billion euros, says the Federal Association of the German Footwear and Leather Goods Industry (HDS/L)
Prada reports annual revenue growth of 21%
The Italian-based luxury group reported a net sales growth of 21% in 2022 over the prior year. Both the Prada and Miu Miu brands performed “strongly”
US Retail: slower growth for retail in the coming months
The available data suggests that footwear sales dipped in the last quarter of 2022. With inflation eating the wage growth and impacting the stability of the labour market, US consumers appear to have deemed footwear purchases as not essential. This situation is somewhat corroborated by the negative performances of several companies in the fashion category, such as Capri, Nordstrom and VF Corp, in the fourth quarter of the year. Their main concern relates to the excess inventory, which led to a highly promotional environment and caused imports to reduce. Accounting for the mixed feelings on the consumers’ side, it is safe to endorse cautious prospects for retail for these first months of 2023
Grendene posts fourth quarter results below expectations
The Brazilian footwear company suffered a revenue decline and an earnings loss in the last quarter of 2022, mainly due to a decline in the consumers’ disposable income caused by the difficult macro environment
Ferragamo confirms full year 2022 results
The Italian-based luxury group recorded revenue growth of 10.2% in 2022 over the prior year, reaching 1.25 billion euros, with sales growing in all regions except for Asia Pacific
Brazilian Arezzo acquires first international brand
The Brazilian footwear and accessories group has acquired a 65% share in the Milan-based shoe brand Paris Texas, suggesting it plans to continue expanding its global footprint
Rocky Brands reports full year sales growth
The Ohio-based company reported reaching net sales of 615.5 million US dollars last year, up by 19.7% over 2021. Net income for the year, was, however flat, at 20.5 million US dollars
Sustainable, please. But not more expensive!
Sustainability is on the agenda of most footwear brands. Given such importance, in the latest edition of the World Footwear Business Conditions Survey we have asked our experts if consumers will be willing to pay more for sustainability
Wolverine Worldwide posts profit loss
Despite a sales growth, the Michigan-based company reported a fourth quarter and full year 2022 profit loss, impacted by higher transitory supply chain costs and excess inventory-
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