News
Mulberry cuts jobs amid efforts to turn around the business
The British luxury handbag company has cut dozens of jobs as part of a major shake-up to turn the business around, after a sales plunge of 19% in the six months to December
US footwear prices rise amid economic uncertainty
Tariffs and inflation continue to shape US footwear pricing, as October data revealed mixed trends, with increased men's and children's footwear prices, while prices for women's shoes declined
Global luxury spending to hold steady in 2024
Growth in luxury experiences and shrinking demand for luxury goods highlight a shift in consumer priorities as brands navigate changing market dynamics and regional challenges
Dr. Martens reports half year results for fiscal 2025
In its transition year, the British brand reported decreased revenue for the first six months of fiscal 2025. In contrast, the company improved its balance sheet, progressing towards key objectives
Brazilian footwear industry eyes recovery despite growing trade pressures
The Brazilian footwear industry is expected to surpass pre-pandemic production levels in 2025. However, rising low-cost competition from imports poses challenges to local manufacturers
Capri reshuffles Michael Kors leadership team
Capri’s CEO John D. Idol will assume the additional role of CEO of Michael Kors, succeeding Cedric Wilmotte. Philippa Newman has been promoted to Chief Product Officer of the brand
Sports goods manufacturer Le Coq Sportif placed in receivership
The French sportswear company that supplied the uniforms for the country’s Olympic team has been placed under judicial reorganisation by the Paris Commercial Court. It is now seeking new financing solutions
Robert Barakett ventures into the footwear segment
The Canadian-based brand is set to launch its first footwear collection, featuring Italian-made shoes, for the fall 2025 season. Eric Edmonds, with decades of experience, will lead the new division
Third quarter net sales fall at Shoe Carnival despite strong back-to-school season
The US-based retailer has reported a 4.1% year-on-year fall in net sales in the third quarter, hit by a shift in the retail calendar, two hurricanes that disrupted many of its stores and prolonged warm weather that delayed boot season
Wolverine Worldwide opens innovation hub in Boston
The US-based company, which owns brands such as Merrell and Saucony, has opened an innovation hub in Boston to accelerate product design and development, as part of its wider transformation strategy
Horacio Moschetto (CIC): we aim to adapt and position the Argentine footwear sector as a global benchmark
We spoke to Horacio Moschetto, who has headed the Chamber of the Footwear Industry from Buenos Aires since 2003. We discussed the current challenges and opportunities for Argentina’s footwear sector
Burberry launches new strategic plan amid profit losses
The British luxury company announced first-half results for fiscal 2025. Declined revenue and profitability prompted a strategic reformulation to revitalise the brand and return to sustainable growth
Caleres appoints SVP of New York brands
The US-based footwear company has appointed Nancy Bitetto as Senior Vice President of New York Brands to accelerate growth and expand profitability across its brand portfolio
AAFA calls on ILA and USMX to resume negotiations
The trade body is calling on the ILA and the USMX to negotiate to avoid a strike that would further disrupt the East and Gulf Coast ports in an already challenging global supply chain environment
Skechers to accelerate growth in Europe with new expanded distribution centre
The US-based footwear company has announced that it is moving its European distribution centre to a larger, single facility in Liège, Belgium. The aim is to support growth in Europe
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