News
France Retail: with no crystal ball and eyes wide shut
Despite the slowdown in inflation in recent months and the slight improvement in consumer confidence, footwear retail remains on a downward trend. There is some hope for an upturn in the retail environment in the first half of 2024, but the available data on imports at the moment does not allow us to look ahead with sufficient clarity. Meanwhile, the online second-hand market shows signs of becoming increasingly relevant in France
Genesco lowers full year earnings guidance
After posting weak Christmas sales, the Nashville-based footwear company has lowered its earnings guidance for fiscal 2024. Journeys continues to struggle
Sistema Moda Italia withdraws from Cofindustria Moda
Sistema Moda Italia is no longer part of the Italian Federation of Textiles, Fashion and Accessories (Cofindustria Moda). The need to respond quickly to new European regulations was at the heart of the decision
Brazil closes 2023 with exports in the red
The performance of Brazilian footwear on the US market dragged down annual results. Last year, exports in this category fell by 16.6% in volume and 10.8% in value, as compared to 2022
Wolverine Worldwide confirms 2023 results in line with previous guidance
In the midst of “the stabilisation phase” of its “strategic transformation” plan, the US-based company has confirmed its guidance for both the fourth quarter and fiscal year 2023
Festive season fails to boost UK retail sales
UK retail sales rose by 1.7% in the five weeks to the end of December 2023, well below the 6.9% growth recorded in the same period in 2022. Low consumer confidence continues to curb spending
Crocs raises fiscal 2023 guidance
The US-based footwear company has announced that it now expects a record 2023 revenue of 3.95 billion USD, up by more than 11% year-on-year, and slightly ahead of its previous growth guidance of 10% to 11%
ABG partners with BBC International to grow DC Shoes
Authentic Brands Group (ABG) has announced a partnership with BBC International for DC Shoes. BBC will design, manufacture and wholesale distribute the footwear brand in the US and Canada
New President of adidas North America has been announced
adidas has announced John Miller’s return to the company as President of its North America division, effective immediately. He succeeds Rupert Campbell, who left three months ago
Bangladeshi leather footwear exports down by 33%
In the first half of the fiscal year 2023-2024, Bangladesh’s leather footwear exports fell by 33% year-over-year, leading to an overall decline in the country’s leather exports
Genesco names new Chief Merchandising Officer for Journeys
The Nashville-based footwear company has named Chris Santaella as Executive Vice President and Chief Merchandising Officer of the Journeys Group, effective from the 5th of February
World Footwear Voices: interview with Ricardo Guerra from CIATEC
Today we bring you a conversation with Ricardo Guerra Sanchéz, Director of CIATEC, a Center of Research working with the footwear industry in Mexico. Watch the new episode of the World Footwear Voices
Luís Onofre re-elected President of APICCAPS
Luís Onofre has been re-elected President of the Portuguese Footwear, Components, Leather Goods Manufacturers’ Association (APICCAPS) for a new three-year term
Owner of Havaianas appoints new CEO
The Brazilian Alpargatas has appointed Liel Miranda as Chief Executive Officer, effective from the 1st of February. He joins the company from Mondelez International’s Brazil business unit
Weak third quarter for Italian footwear trade
After a positive start to 2023, Italian footwear stumbled in the third quarter of the year, with exports down by 7.2% in value and 12.3% in volume, as compared to the same period of 2022
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