News
Uncertainty for Ted Baker as UK and European arm goes into administration
The British fashion retailer is planning to appoint administrators, a spokesman for owner Authentic Brands Group confirmed on Tuesday. Hundreds of jobs are expected to be at risk
Yue Yuen reports a decline in full year revenue and profit
In line with its previous quarterly results, the Hong Kong-based footwear manufacturer reported a 12% year-over-year decline in revenue and a 7.3% year-over-year drop in profits in 2023
Kering warns of a 20% slump in Gucci sales for the first quarter
The French-based luxury group has issued a preliminary statement for the first quarter, warning of a 10% drop in sales, led by its star house Gucci
Portuguese footwear components focus on sustainability
Under the Bioshoes4All project, the Portuguese footwear components industry is investing heavily in the development of a new generation of sustainable products. Meet some of them
Futurmoda attracts around 5 000 attendees
The 51st edition of the International Exhibition of Leather, Components, and Machinery for Footwear and Leather Goods, held in Spain, closed with a final figure of over 5 000 visitors
Amazon closes 2023 with strong fourth quarter
The Seattle-based online giant ended 2023 on a high note, with a strong fourth quarter that saw significant increases year-on-year in net sales, operating income and net income
Brazilian footwear exports off to a bad start
In the first two months of 2024, Brazil's footwear exports fell by 31.3% in volume and by 22.8% in value, as compared to the same period last year. More aggressive competition from China worries the industry
Strong performance of Inditex in 2023
The Spain-based fashion group reported a 10.4% year-over-year growth in sales to 35.9 billion euros in 2023, with positive results across all channels and regions. Profits up by 30.3%
Global leather industry to gather at the upcoming APLF 2024
From the 19th to the 21st of March, the world’s leather industry will gather in Hong Kong for the fair’s return home. Eyes will be the much-anticipated attendance from APAC and Chinese buyers
Founder of Under Armour to take on CEO role once again
The US-based company has appointed Kevin Plank as President and CEO, effective from the 1st of April. He will succeed Stephanie Linnartz, who has been in the role for just over a year
World Footwear Voices: interview with Berke Içten from TASD
Today we bring you a conversation with Berke Içten, Chairman of the Executive Board of the Footwear Industrialists Association of Türkiye (TASD). Watch the new episode of the World Footwear Voices
Allbirds appoints new CEO amid sales decline
The California-based sustainable footwear brand has appointed its current COO, Joe Vernachio, to replace Joey Zwillinger as CEO, amid a slump in sales
adidas posts better-than-expected operating profit in 2023
The German-based company reported a very challenging 2023, especially in the US market, but remains optimistic for a noticeable improvement in the second half of the current year
Genesco reports full year sales decline
Despite a slight improvement in the fourth quarter of fiscal 2024, the company’s full-year net sales were down as compared to the prior year. Genesco expects the market environment to remain challenging in the first half
Mango hits the 3 billion sales mark
The Spanish-based fashion group has increased its turnover by 15%, reaching more than 3.1 billion euros for the first time in 2023. It aims now to pass the 4 billion mark by 2026
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