News
Terry Boyle from Trove: resale as an integrated revenue channel for footwear
As the resale economy continues to gain momentum, brands are increasingly exploring in-house recommerce channels. In this first part of his interview, Terry Boyle, CEO at Trove, shared his view on how footwear businesses can integrate and benefit from resale channels
CLIA President points to AI and sustainability as footwear industry drivers
In his speech at the last UITIC Congress, CLIA President Li Yuzhong emphasised the importance of AI and sustainability in reshaping the global footwear industry, presenting China as a key partner
Birkenstock raises full year revenue outlook
The Germany-based footwear company expects a year-on-year increase of 15.9%, or 17.5% on a constant currency basis, ahead of its previous guidance of 15% to 17%
Japan Retail: mixed signs for the footwear sector
Sales of apparel and footwear remain sluggish, with monthly declines compared to 2024. However, while clothing prices in Japan have outpaced general inflation (which is higher than usual for the country’s economy), footwear inflation has remained relatively stable, hovering just above the Bank of Japan’s 2% target. This suggests that, while households are reducing discretionary spending, footwear is less susceptible to price volatility. Nevertheless, rising import costs and exchange rate fluctuations could alter this situation
H&M posts 40% rise in third quarter operating profit
The Sweden-based fashion group reported a 40% rise in operating profit as a result of an improved customer offering, improved gross margins and effective cost management
Geox to implement restructuring plan that could affect up to 115 jobs
The Italy-based group Geox has announced a restructuring plan that could result in the loss of up to 115 jobs. These measures form part of the implementation of its Industrial Plan
Acquisitions drive JD Sports half year growth
The UK-based sportswear retailer has reported strong sales growth in the first half of its fiscal year, driven mainly by its Hibbett and Courir acquisitions in the previous fiscal year
UITIC 2025 Congress in Shanghai showcased the latest advances in the footwear industry
The last edition of the UITIC Congress took place in Shanghai from the 31st of August to the 3rd of September, combining factory visits with presentations on the latest advances in the footwear industry. President Sergio Dulio closed the event, highlighting the main conclusions of another successful UITIC Congress
CEC calls for stronger EU rules to ensure safe and fair e-commerce
The European Footwear Confederation (CEC) has joined forces with 64 NGOs and industry, retail and consumer organisations to urge the EU to address loopholes in online marketplace trade and protect consumers
All eyes on Simac Tanning Tech
The leading footwear and leather technology fair, Simac Tanning Tech, is now underway in Milan. Highlights of the agenda include sessions on artificial intelligence, digitalisation and sustainability
Saudi Lifestyle Week debuts in Riyadh
The inaugural fair brings together global brands and local talent, reflecting the Kingdom’s Vision 2030 ambition to diversify its economy and create new opportunities for lifestyle industries
Newsweek and Time Magazines rank Skechers as a top company
The US-based footwear company has received Newsweek’s ‘America’s Best of the Best 2025’ award and has appeared on Time’s ‘World’s Best Companies 2025’ list for the second year in a row
US Retail: fashion retail under pressure despite signs of recovery
Although overall retail sales increased in the first half of the year, fashion sales fell, weighed down by weak demand in the early months, inflationary pressures and new tariffs. In this context, the online channel remains a bright spot, as consumers increasingly seek convenience and discounts. At the same time, footwear imports in the first seven months of the year recorded higher values but lower volumes, as average prices climbed under tariff pressure. Despite glimpses of improvement, retailers face a challenging road ahead, with fragile consumer sentiment and uncertain trade policy
Ferragamo CFO La Tour exits the company
The Italy-based group has announced the departure of its CFO, Pierre La Tour. He will be succeeded on an interim basis by Paolo La Morgia, the group’s current Planning and Control Director
Kering appoints Francesca Bellettini as President and CEO of Gucci
The France-based luxury group has appointed Francesca Bellettini as the new president and CEO of Gucci. She has the task of leading a turnaround for the struggling luxury brand
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