Companies
Puma achieves full year sales growth despite a weak fourth quarter
Amid a “volatile environment”, Puma posted currency-adjusted sales growth of 6.6% year-on-year in 2023. Results would have been better had it not been for the devaluation of the Argentine peso in the last quarter, it added
adidas continues the release of Yeezy existing products
The German-based sportswear company has announced a further release of Yeezy inventory with a range of existing products to be made available globally in phases over the coming weeks
World Footwear Voices: interview with Marco Guazzoni from Vibram
Today we bring you a conversation with Marco Guazzoni Sustainability Director at Vibram. Watch the new episode of the World Footwear Voices
Wolverine Worldwide ends 2023 in the red but is optimistic about a turnaround
The company posted a revenue decline of 20.8% year-over-year and a diluted loss per share of 1.15 US dollars in the fourth quarter of 2023, but is optimistic about the outcome of its turnaround plan
Footwear consumption to grow by 9.5% in 2024
In the latest edition of the World Footwear Business Conditions Survey, we asked our panel about their expectations regarding the evolution of footwear consumption in the next year. Learn all about it in this new article
Arche goes into administration
The French footwear manufacturer has gone into administration due to a complex situation in the domestic and international markets. While the process runs its course, the company will continue to operate
US market and handbags fuel growth for Kurt Geiger
The British footwear and accessories brand has reported strong annual results, driven by a successful international expansion strategy, particularly in the US, and “flourishing” handbag sales
Ugg turns leftover leather and suede into a new footwear collection
The Deckers-owned brand has used surplus stock and cuttings from the last few seasons to launch ReImagined by Ugg, which reimagines two of Ugg's classic styles
Interview with Miguel Pomares from Ecoalf
At the latest edition of the World Footwear Congress in Istanbul, we took the opportunity to speak with Miguel Pomares, Senior Footwear Specialist at the Spanish-based brand Ecoalf. Read the interview today
Lower sales volumes impact Alpargatas’ full year revenue
The parent company of Havaianas and Rothy’s posted a decline in revenue and profits in 2023, mainly driven by lower volumes sold in both domestic and international markets
Pressure on the cost of materials continues to rank as the main difficulty for the business
In the latest edition of the World Footwear Business Conditions Survey, 46% of the surveyed experts listed the cost of merchandise and raw materials as the number one difficulty for footwear businesses in the next six months
Farfetch CEO José Neves steps down
Following Farfetch’s acquisition by South Korea’s Coupang in December, José Neves, who founded the luxury e-commerce platform in 2008, is stepping down from the CEO role
A strong year 2023 for Crocs
The US-based casual footwear brand delivered a strong performance in 2023, with revenue and diluted earnings per share up by 11.5% and 46.8%, respectively, as compared to the prior year
H&M plans up to 588 job cuts in Spain
The Sweden-based retailer plans to close a fifth of its stores and lay off up to 588 employees in Spain. H&M currently operates 133 stores in the country and employs nearly 4 000 people
Shoe Carnival Acquires Rogan’s Shoes
The US-based retailer has announced the acquisition of the 53-year-old footwear company Rogan’s Shoes for 45 million US dollars. It has also released preliminary results for its fiscal 2023-
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