News
Vida Shoes acquires luxury shoe brand Aquatalia
Vida Shoes International, which owns brands such as Jambu, JBU, J Sport and Andre Assous, has acquired the made-in-Italy luxury shoe brand Aquatalia
Wolverine Worldwide revises fiscal 2024 guidance
The US-based company reported lower revenues and robust margins. While sales decreased by 7.4% year-over-year, gross margin increased by 450 basis points as a result of reduced supply chain costs
Growth in both B2C and B2B vectors confirms strong third quarter for Zalando
The German multi-brand online retailer has reported growth in both the B2C and B2B vectors, confirming the strong performance previously reported for the third quarter of the year
Kering and Centre for Sustainable Fashion launch new governance programme
Launched by Kering and the Center for Sustainable Fashion, “Governance for Tomorrow” is a three-year programme that aims to bring together experts from different sectors to develop alternative governance models in luxury fashion
Golden Goose reports revenue growth in the first nine months of 2024
The Italian-based luxury footwear brand has reported a revenue of 466 million euros in the first nine months of 2024, up by 12% year-over-year. New store openings and strong online traffic drove DTC performance
Sustained trend in Spanish exports
Despite the difficult international context, which has negatively impacted competitor countries such as Italy, Spain continues to record growing export figures in both volume and value terms
Under Armour reports revenue decline with improved profitability
The US-based sportswear company has increased its gross margin, although this was partially offset by lower revenues in all markets. Fiscal 2025 guidance has been positively revised
Rosana Perán Bazán will continue at the helm of FICE
Rosana Perán Bazán's role as President of the Spanish Federation of Footwear Industries (FICE) was renewed at the association’s recent General Assembly. She first took up the role in 2022
Florbela Silva from CTCP: how is Portugal modernising its footwear industry?
We spoke to Florbela Silva, Head of Innovation and Digital Fabrication and CTCP FabLab, to find out more about the FAIST project, which aims to drive a significant reindustrialisation of the Portuguese footwear industry. During our interview, we discussed the project’s objectives, tools to be leveraged, partnerships and main outcomes
Domestic demand drives growth in Brazil’s footwear sector
In the first nine months of 2024, Brazil’s footwear industry produced over 671 million pairs, up 4.8% from 2023. Increased footwear consumption helped create over 14,500 jobs in the sector
US holiday spending expected to reach new record this year
US consumers are expected to spend a record average of 902 USD per person on gifts, food, decorations and other seasonal items during the winter holidays, according to the National Retail Federation (NRF)
adidas reports nine month revenue growth
The German-based sportswear company has raised its guidance for 2024 and now expects 1.2 billion euros in operating profit, driven by sales momentum and disciplined cost management
German consumer sentiment shows signs of improvement
German consumer sentiment rose more than expected in November despite high prices and a difficult labour market, according to GfK and the Nuremberg Institute for Market Decisions (NIM)
Puma reports nine month results amid currency headwinds
Currency pressures and higher operating expenses impacted Puma’s 2024 nine-month results. However, the German-based company reaffirmed its guidance on the back of revenue growth in the Americas and DTC performance
Nike appoints new Chief Diversity Equity and Inclusion Officer
The US-based sportswear company has appointed Kizmet Mills as its new Chief Diversity Equity and Inclusion (DEI) Officer. She is the fifth person to hold the role since 2020
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