Shoes
US: footwear industry sales to stabilize through 2025
Following the pandemic-fuelled instability experienced since 2020, US footwear sales are expected to stabilize over the next three years, growing at a steady pace of 1%, says the NPD Group
Dr. Martens launches deadstock collection
The British label has launched the Made in England Deadstock collection, using high-quality surplus leathers from a range of tanneries, as part of the company’s waste reduction commitment
About 400 Turkish footwear factories destroyed in February's earthquakes
Around 400 footwear factories were smashed in the footwear cluster of Antakya during the two earthquakes that hit southern Turkey and north-western Syria on the 6th of February 2023
Steve Madden reports annual revenue growth
Despite a full year revenue growth of 13.7% last year over 2021, the US-based company adopted a more cautious near term outlook thanks to the “increasingly challenging backdrop” as well as more “conservative initial Spring orders”
Tod's and Lamborghini announce partnership
The luxury group and the manufacturer of sports cars have announced an exclusive collaboration, “with an undisputed Italian touch”, across an extensive range of products
Pou Chen to cut 6 000 jobs in Vietnam
The Taiwanese-based footwear manufacturer has reportedly slashed 3 000 jobs amidst weak demand. Another 3 000 people will not see their labour contracts extended by the end of the year
Nigel Darwin: the next chapter for Dune London very much builds on the strength of the chapters that have gone before
The Dune Group is renowned for the authority and authenticity that it brings to the shoemaking process. Founded in 1992, the company has recently started a new chapter under the leadership of Nigel Darwin. We spoke with him to get a sense of what the future holds for the company
International buyers back at MICAM in full force
Buyers numbers at the last edition of the international footwear trade fair increased by 25% over the previous edition, with about half of them visiting from abroad
Clarks appoints creative specialist
The British label has appointed the artist and film-maker Set Free Richardson to the role of Clarks Originals creative specialist, building on the duo’s previous collaboration
Caleres foresees record annual sales
The US-based footwear group reported preliminary and unaudited fiscal 2022 sales and earnings ahead of previous expectations, following a stronger-than-anticipated holiday performance
Parent company of Havaianas posts profit loss
The Brazilian Alpargatas reported fourth quarter and full year results below expectations, with inflation eroding consumers’ purchasing power notably in Brazil
AAFA salutes progress in tackling growing counterfeiting problem
The American Apparel & Footwear Association (AAFA) has welcomed the US 2022 Review of Notorious Markets for Counterfeiting and Piracy, saying it echoes concerns raised by clothing and footwear brands
EU Commissioner Virginijus Sinkevičius endorses Green Pact for the Portuguese footwear cluster
On the 24th of February, the European Commissioner for the Environment, Oceans and Fisheries will chair the ceremony that will publicly launch the Green Pact for the Portuguese footwear and leather goods cluster
France Retail: inflation will yet impact retail, but there is a light at the end of the tunnel
Figures by the Banque de France suggest that retailers may have felt some relief in December 2022, but the weight of inflation in these results must not be overlooked, with turnover growing quite faster than the production itself. Moreover, the impact of inflation on footwear might yet be to be felt. French consumers tend to purchase the category during sales, but retailers may not be able to make the big discounts that would make consumers shop in a context of still significant inflation due to the need of preserving margins. However, there are signs of light at the end of the tunnel, as retailers’ and consumers’ confidence indicators show that there is room, at least, for the ceasing of confidence deterioration in 2023.
Hermès posts robust full year results
The luxury group posted a sales growth of nearly 30% in 2022 over the prior year, reaching 11.60 million euros. Despite the global uncertainty, the group is approaching 2023 with confidence-
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