News
H&M reports full year net sales growth
Despite the slowdown recorded in the fourth quarter of fiscal 2023, the Sweden-based fashion group reported an annual net sales increase of 6%, as compared to the previous year
German retailers expect weak Christmas sales
German retailers are not expecting a boost from Christmas sales this year. As geopolitical concerns threaten to dampen consumer sentiment, weak demand continues to weigh on their businesses
Under Armour to scale up its fibre-shed test method
The company has teamed up with James Heal, a precision testing solutions supplier, to make its fibre-shed test method available to the industry and to address the growing threat of microfibres and microplastics
Kiton invests in new production cluster
The Italian luxury ready-to-wear and bespoke clothing company will invest 30 million euros in a new facility in Arzano (Naples) to strengthen its production, including that of accessories and shoes
Inditex reports strong performance
The owner of Zara continues to perform strongly. In the first nine months of 2023, its sales and profits grew by 11% and 33%, respectively, as compared to the same period of last year
Christian Louboutin enters joint venture in India
The French footwear designer is transferring his current operations in India into a joint venture with Aditya Birla Fashion and Retail Ltd (ABFRL), one of the country’s leading retail chains
Sam and Libby Edelman presented with the Footwear News Lifetime Achievement Award
The founders of the Caleres-owned footwear brand Sam Edelman were honoured at the last edition of the Footwear News Achievement Awards (FNAAs) with the Lifetime Achievement Award
Ecodesign Regulation deal welcomed by CEC
The European Footwear Confederation (CEC) has welcomed the agreement reached between the European Parliament and the Council on the European Commission’s proposed legislation on ecodesign for Sustainable Product Regulation
VF Corp cuts 500 jobs
The owner of Vans, The North Face and Timberland has announced that it has fired 500 employees worldwide as it seeks to restructure its business and improve operations globally
First edition of BFSHOW expected to generate over 65 million USD in international deals
The first edition of this footwear trade fair brought more than 150 importers in the industry from 100 countries to Brazil and is expected to generate over 65 million USD in international deals
Austria and Germany continue to see a wave of insolvencies and closures
Richter Schuhe, Europe’s oldest children’s shoemaker, and fashion retail chain Aachener have filed for bankruptcy. Deichmann to close its My Shoes stores in Austria and Germany by the end of 2024
50 years of Portuguese Felmini
Founded in 1973 by Joaquim Moreira, the women's shoes brand is present in more than 35 countries worldwide and has 1 500 points of sale in countries such as Italy, France, Germany and Spain
World Footwear Voices: interview with Haroldo Ferreira from ABICALÇADOS
Today we bring you a conversation with Haroldo Ferreira, Executive President of ABICALÇADOS, the Brazilian Footwear Industry Association. This is the first episode of the new World Footwear Voices
Bangladeshi leather exports on a downward trend
Bangladesh's leather exports have been on a downward trend, mainly due to the performance of the leather footwear segment, whose exports fell by 34.75% year-on-year from July to November
New creative director at Tod’s
The Italian-based luxury group has appointed Matteo Tamburini as Creative Director of the Tod’s brand. He succeeds Walter Chiapponi, who stepped down in July
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