Companies
Crocs with another strong quarter
The US-based footwear company posted a revenue increase of 6.2% in the third quarter of 2023, as compared to the same period of 2022, driven by double-digit revenue growth from the Crocs brand
10 countries were responsible for 88% of total footwear production
In 2022, global footwear production reached 23.9 billion pairs, increasing by 7.6% compared to the previous year. A group of 10 countries accounted for 88% of all footwear produce in the world
German industry association warns of new wave of insolvencies and closures
The German Trade Association for Textiles, Footwear, and Leather Goods (BTE) recalled that repayment of state aid under the pandemic approach, increasing the pressure on an already struggling sector
Demand for Hoka and Ugg drives Deckers' growth
Deckers posted a 25% increase in net sales and a 79% growth in diluted earnings per share in the second quarter of fiscal 2024, as compared to the same period of last year, thus raising its full year outlook
Skechers announces record quarterly sales
The US-based footwear company posted a 7.8% sales growth in the third quarter of 2023, as compared to the same period of last year, reaching a “record” 2.02 billion US dollars
Decathlon launches buyback service in all its UK stores
The sporting goods retailer is expanding its buyback service to all its UK stores. Customers will be given in-store credit for returning products they may have outgrown or no longer use
Puma reports third quarter results
The sportswear company reported a 6.0% currency adjusted growth in the third quarter of 2023, as compared to the same period of last year, and said it is on track to achieve its full year outlook
Demand for premium styles offsets the decline in Stella’s shipment volumes
The Hong Kong-based group posted its third quarter and nine months results, emphasising that the decline in shipment volumes was partially offset by an increase in average selling prices
Steve Madden enhances its apparel platform with the acquisition of Almost Famous
The New York-based designer and marketer of fashion footwear, accessories and apparel announced the acquisition of the apparel company Almost Famous for 52 million US dollars
Inditex teams up with Maersk to reduce its maritime transport emissions
The fashion group has partnered with the freight group Maersk to reduce its GHG emissions from maritime logistics by incorporating alternative fuels into all its inbound routes with the carrier
Partnership between Richemont and Farfetch receives antitrust clearance
The European Commission (EC) has “unconditionally” approved Farfetch’s acquisition of a 47.5% stake in Yoox Net-a-Porter. The EC was the last regulatory authority required to give authorisation
Ferragamo posts net sales decline
In the first nine months of 2023, the luxury group posted a net sales decline of 8.3% at current exchange rates or 9.2% at constant exchange rates, as compared to the same period of 2022
adidas announces third quarter preliminary results
The German-based sportswear company has raised its guidance for the full year, mainly as a result of the continued positive impact of the sale of the remaining Yeezy inventory
Under Armour names Gap veteran as new Chief Supply Chain Officer
The Baltimore-based sportswear company has named Gap veteran Shawn Curran as its new Chief Supply Chain Officer. He brings over 30 years of experience to the position
Group of 10 countries accounts for 90% of global footwear exports
Footwear exports recorded a notable increase of 9% in 2022, reaching a total of 15.2 billion pairs. The 10 main exporting countries represented almost 90% of the worldwide total-
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