News
German footwear industry at a standstill
The German footwear industry remains cautious, according to the industry association HDS/L, and does not expect an upturn in the second half of the year
Kizik looks to expand its global footprint
As part of its global expansion strategy, the Utah-based slip-on footwear brand has announced that it has signed distribution agreements for Taiwan, Italy and Southeast Asia
Temu’s owner warns of slowing growth ahead
The Chinese e-commerce group PDD Holdings has reported a strong performance in the second quarter of 2024. However, it has also warned of challenges ahead as growth slowed on a quarter-on-quarter basis
Birkenstock reports a 19% increase in third quarter revenue
As it continues to invest in expanding its production capacity and global footprint, the German-based company has reported a solid third quarter performance, with double-digit revenue growth in all channels and regions
Schuh introduces single-shoe purchase for disabled customers
Schuh, the footwear retailer owned by Genesco, has introduced single-shoe purchases across its store network to meet the needs of customers with limb differences or disabilities who require only one shoe
Leather footwear leads exports in value, but rubber & plastic leads in volume
Leather footwear accounts for 38% of the total value. In terms of volume, rubber & plastic footwear commands the pole position, accounting for half of the global exports, according to the latest World Footwear Yearbook
Kurt Geiger posts record full year sales
The British footwear and accessories brand has reported a strong year 2023/2024, against both a backdrop of rising prices across the industry and weakening global consumer demand
Foot Locker returns to sales growth
As its Lace Up Plan continues to make progress, the US-based sports retailer returned to sales growth in the second quarter and reaffirmed its non-GAAP earnings outlook for the full year
Puma appoints Indrajeet Sen as SVP of Group Sourcing
The German-based company has appointed Indrajeet Sen as Senior Vice President of Puma Group Sourcing. He succeeds Chief Sourcing Officer Anne-Laure Descours, who decided not to renew her board contract
Stella Holdings announces increase in the payout to shareholders
After achieving a 54% year-over-year rise in first half net profit, the Hong Kong-based footwear manufacturer has announced a significant increase in the payout to shareholders over the next three years
JD Sports on track to deliver full year EBIT guidance
The UK-based sports retailer has reported a strong second quarter performance, particularly in North America and Europe, and has reaffirmed its full year EBIT guidance as a result
Nike and LEGO team up
The US-based sportswear giant and the LEGO Group have announced a multi-year partnership to bring to life the many ways sport and creative play can help empower children worldwide
Parent company of Havaianas reports growth
Brazilian company Alpargatas has reported a strong second quarter, underlining the success of the restructuring strategy launched a year ago
Tapestry reports a successful year
The New York-based company has reported a successful fiscal year 2024 against a challenging macroeconomic backdrop and despite a sharp decline in the Stuart Weitzman brand
Sarah Jessica Parker shuts down her shoe brand
Actress Sarah Jessica Parker has announced that the SJP by Sarah Jessica Parker brand will cease trading in the fall of 2024, after 10 years in business
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