News
H&M announces results for 2023, CEO steps down
The Sweden-based group has reported a 6% growth in net sales in 2023, as compared to the previous year. However, its CEO has stepped down amid sluggish sales at the start of the year
Tod’s posts strong 2023 results
The Italian-based luxury group delivered a strong performance in 2023, highlighting the double-digit revenue growth at constant exchange rates across all its brands, as compared to 2022
Crocs brand President Michelle Poole to retire
The US-based casual footwear brand has announced that Crocs brand President Michelle Poole has decided to retire. She will be succeeded by Chief Financial Officer Anne Mehlman
Germany Retail: despite some good news, retailers continue to worry
German retailers’ worries are not over. Despite a slight uptrend in the Textile, Clothing, and Footwear (TCF) Retail index, in line with the recent positive trend in consumer confidence indicators, their concerns go well beyond nominal performance and focus on whether inflation will continue to erode margins. Put simply, passing on costs to customers or closing down altogether is still keeping them up at night. As the first quarter is traditionally slow, and the volatile geopolitical situation could change at any moment, we are cautious about making near-term forecasts
Daniel Ervér is the new President and CEO of H&M
At the same time as reporting its 2023 results, the fashion group announced a change at the top. Daniel Ervér is the group’s new CEO, succeeding Helena Helmersson, who stepped down after four years in the role
LVMH names new Chairman and CEO of Fashion Group
The French-based luxury conglomerate has named Michael Burke as Chairman and CEO of LVMH Fashion Group. He succeeds Sidney Toledano, who was appointed Advisor to Bernard Arnault
Abrameq lends its support to the CICB Sustainability Forum
The Brazilian Association of Machinery and Equipment Industries for the Leather, Footwear and Related Sectors has become a Gold Sponsor of the CICB Sustainability Forum, which will be held on the 13th of March during Fimec
Dr. Martens third quarter revenue declines
Amid a challenging consumer environment, the iconic British footwear brand recorded an 18% year-over-year decline in sales on a constant currency basis in the third quarter of fiscal 2024
Macy’s cuts 2 350 jobs
As it continues to streamline its business, the department store chain has announced that it will lay off about 3.5% of its workforce, or around 2 350 employees, and close five stores
Ferragamo reports decreasing full year revenue
The luxury group has warned of a slowdown in luxury demand, with preliminary consolidated revenue for 2023 down by 7.6% at current exchange rates and 8.1% at constant exchange rates year-on-year
Positive perspectives regarding the health of footwear business
In the latest edition of the World Footwear Business Conditions Survey, we have asked our panel members about their opinions regarding the health of their businesses in the next six months. Get free access to the report with the main conclusions
New Generation: meet Joana Esteves from Josefinas
Meet Joana Esteves, the co-founder and head of Josefinas, a Portuguese footwear brand created 10 years ago that aims to empower women and value the know-how of master shoemakers
Farfetch shareholders join forces to oppose the takeover of Coupang
A group of Farfetch shareholders have come together to block South Korean e-commerce firm Coupang’s impending takeover of the luxury e-tailer, citing an untransparent sales process
World Footwear Voices: interview with Sergio Dulio from UITIC
Today we bring you a conversation with Sergio Dulio, who took on the Presidency of UITIC last year. Watch the new episode of the World Footwear Voices
30 000 visitors expected at the next edition of Aymod
Around 30 000 visitors and 400 exhibitors are expected at the next edition of the Aymod Footwear Fashion Fair, which will be held in Istanbul from the 28th of February to the 2nd of March
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