Footwear
Allbirds reports third quarter sales drop and adjusts full year outlook
The US company has lowered its full year sales guidance due to a sharp decline in revenue in the third quarter. This also reflects the expected impact of store closures and international distribution transitions
Vida Shoes acquires luxury shoe brand Aquatalia
Vida Shoes International, which owns brands such as Jambu, JBU, J Sport and Andre Assous, has acquired the made-in-Italy luxury shoe brand Aquatalia
Wolverine Worldwide revises fiscal 2024 guidance
The US-based company reported lower revenues and robust margins. While sales decreased by 7.4% year-over-year, gross margin increased by 450 basis points as a result of reduced supply chain costs
Golden Goose reports revenue growth in the first nine months of 2024
The Italian-based luxury footwear brand has reported a revenue of 466 million euros in the first nine months of 2024, up by 12% year-over-year. New store openings and strong online traffic drove DTC performance
Rosana Perán Bazán will continue at the helm of FICE
Rosana Perán Bazán's role as President of the Spanish Federation of Footwear Industries (FICE) was renewed at the association’s recent General Assembly. She first took up the role in 2022
Sustained trend in Spanish exports
Despite the difficult international context, which has negatively impacted competitor countries such as Italy, Spain continues to record growing export figures in both volume and value terms
Florbela Silva from CTCP: how is Portugal modernising its footwear industry?
We spoke to Florbela Silva, Head of Innovation and Digital Fabrication and CTCP FabLab, to find out more about the FAIST project, which aims to drive a significant reindustrialisation of the Portuguese footwear industry. During our interview, we discussed the project’s objectives, tools to be leveraged, partnerships and main outcomes
Domestic demand drives growth in Brazil’s footwear sector
In the first nine months of 2024, Brazil’s footwear industry produced over 671 million pairs, up 4.8% from 2023. Increased footwear consumption helped create over 14,500 jobs in the sector
Puma reports nine month results amid currency headwinds
Currency pressures and higher operating expenses impacted Puma’s 2024 nine-month results. However, the German-based company reaffirmed its guidance on the back of revenue growth in the Americas and DTC performance
Vulcabras achieves the highest EBITDA in its history
The Brazilian footwear company has reported a strong performance in the third quarter. It has achieved its highest EBITDA ever, thus validating the consistency of its business strategy
French parliament reduces VAT on shoe and leather goods repairs
France’s lower house of parliament has approved a tax break for repairers by reducing the VAT rate from 20% to 5.5% on the repair of shoes and leather goods
Rocky Brands reports third quarter revenue decline
The US-based footwear company reported an 8.8% year-on-year decline in third quarter net sales. Improved retail revenue and gross margins partially offset wholesale shortfall
RM Williams targets the UK as part of global expansion
The Australian-based bootmaker plans to open new UK stores in the coming months. The company aims to use the country as a launchpad for its international growth strategy, while remaining true to its heritage
Japan Retail: the picture is unclear for both consumers and retailers
Contrary to what was suggested in our previous flash, fashion retail sales have fallen sharply since April, by a total of 22.8%, while total retail sales have remained somewhat stable. In this context, the low footwear inflation in Japan, now close to 0%, tends to indicate a lack of demand. Perhaps the growth in consumer spending and tourism will help to turn the situation around, especially given the falling yen in September. However, for now, the future remains unclear for all
Brooks Running reaches 1 billion US dollars in revenue
The US-based running shoe brand reached 1 billion US dollars in sales for the first time in the third quarter, driven by growth in North America, Asia Pacific and European markets-
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