News
Tod’s Group appoints John Galantic as its new Chief Executive Officer
The Italian-based luxury group has appointed John Galantic, former Chanel's senior executive, as its new Chief Executive Officer. This decision follows the privatisation agreement in June
H&M reports weak third quarter
The Sweden-based fashion group has reported a “slow” third quarter, as sales remained flat and costs hit profits, resulting in a drop in its full year operating profit margin outlook
AAFA urges US President Biden to prevent potential strikes at the East and Gulf Coast ports
The AAFA is urging the US administration to intervene and prevent strikes at East and Gulf Coast ports. These ports accounted for 53% of all US apparel, footwear and accessories imports in 2023
US retail sales continue to increase despite slower employment growth
According to the CNBC/NRF Retail Monitor, August retail data showed steady growth, with total sales up by 2.11% year-on-year, led by solid performances in the online, clothing, and health sectors, even as job growth slowed
Cambodian garments, footwear and travel goods exports on the rise
In the first eight months of 2024, Cambodian’s exports of garments, footwear and travel goods increased by 22.8% as compared to the same period of last year
Leather Naturally announces board changes
The not-for-profit membership association for the leather industry has confirmed Carl Flach for a second term and Mark Roughley for a first term as members of its board of directors
Crocs launches clog made with 25% recycled content from old shoes
Crocs continues to invest in circularity. Most recently, the company launched its Keep It Going Classic clog, which is made from 25% recycled material from old shoes collected through its take-back programme
Attendance at Lineapelle falls amid macroeconomic uncertainty
In a context continuing macroeconomic headwinds, the last edition of Lineapelle focused on innovation and attracted 23,800 industry professionals, slightly less than in February
Burberry struggles amid downgrade from FTSE 100
The UK-based luxury group lost its spot in the FTSE 100, leading to its lowest market value in 15 years. Analysts express concerns over the brand's status amid declining sales and leadership changes
Gero Mure files for bankruptcy
The German shoe chain Gero Mure has filed for bankruptcy as rising costs, online competition and prolonged effects of the COVID-19 pandemic take their toll on the footwear sector
France Retail: still a blurred picture for footwear retail
French footwear retailers seem to be at a crossroads trying to figure out what will happen next. Prices are flat, sales are slow, consumer confidence is in general volatile, and stocks are building up (leading to a fall in imports). There was, however, a small improvement in consumer confidence in August, in line with the downward trend in inflation, suggesting that a much-needed relief may be reaching French households. Still, this may not be enough to boost retail sales this year as political uncertainty continues to cloud the horizon
Portuguese shoes in the spotlight with Emily in Paris
In Emily in Paris, one of the most popular series at the moment, Lily Collins, the protagonist who plays Emily Cooper, wears a pair of sandals by the Portuguese shoe brand Alameda Turquesa
UITIC unveils theme and programme for next Congress
The 22nd edition of the UITIC Congress will be held in Shanghai in August 2025, focusing on the footwear industry’s competitiveness and sustainability in an age of artificial intelligence
Nike veteran Elliot Hill succeeds John Donahoe at the company’s helm
Amid a broader restructuring, the US sportswear giant has announced that CEO John Donahoe is stepping down from his position and will be succeeded by former senior executive Elliot Hill
Deichmann explores footwear deal as Esprit faces bankruptcy
The Germany-based shoe retailer Deichmann is interested in the footwear brand rights of the recently insolvent Esprit. The two companies have been collaborating since 2019
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